CHINA MERCHANTS (00133) further increases investment in iFlytek Medical (02506), raising its stake to 3.506%

CHINA MERCHANTS (00133) announces that on December 30, 2019, its wholly-owned subsidiary, Shenzhen Tianzheng Investment Co., Ltd. (Tianzheng), acquired 3% equity of Xunfei Health Co., Ltd. (02506) at a price of 60 million RMB (first investment). Additionally, on December 3, 2021, Tianzheng further acquired 0.7143% equity of Xunfei Health at a price of 50 million RMB (further investment). Through the first and further investments, Tianzheng has invested a total of 110 million RMB in Xunfei Health, holding a 3.426% stake before its listing. The wholly-owned subsidiary of the company, Xingqun Co., Ltd. (Xingqun), has signed a cornerstone investment agreement regarding the global offering of Xunfei Health on December 16, 2024. Xingqun subscribed to 28 million HKD worth of H shares of Xunfei Health at the offering price. According to the allocation results announced by Xunfei Health on December 27, 2024, Xingqun was allocated 338,200 H shares, accounting for 0.28% of the total issued share capital after the global offering. Including the first and further investments, the group's cumulative investment in Xunfei Health is approximately 136 million RMB, holding a 3.506% stake as of the date of this announcement, totaling 4,238,200 H shares (390,000 of which have a lock-up period of 12 months, and 33,820 have a lock-up period of 6 months).