Summary by Futu AI
Kongyu Yue Co., Ltd. (the “Contracting Party”), through the planned arrangement, is proposing to privatize China China Pharmaceutical Holdings Limited (the “Company”) and to withdraw the Company's listed status. Pursuant to the Joint Announcements of 21 February, 11 March and 11 April 2024, the Contracting Parties are preparing relevant documents and contacting the relevant authorities in order to meet the prerequisites for privatisation. As of 13 May 2024, the Contracting Representative has prepared the relevant documents and is in constant contact with the relevant authorities as of 13 May 2024. The Company will make further announcements in accordance with the Acquisition Code. Shareholders and potential investors should note that the proposed implementation is subject to the achievement of preconditions and conditions or exemptions and is not necessarily effective.