Zhitong Financial APP News, CP International (03839) issued an announcement that on May 11, 2022, Pucheng CP, a non-wholly owned subsidiary of the company, signed a framework agreement with the target company and the controlling shareholders of the target company on the possible subscription and purchase of most of the rights and interests of the target company.

The target company is established in accordance with Chinese law, mainly engaged in the development and production of veterinary drugs.

Possible transactions are subject to, among other things, the satisfaction of Pucheng CP University with the due diligence results of the target company and the signing of the final agreement.