Forest Packaging Group (605500.SH) won 100% equity of Zhejiang Conba Pharmaceutical's printing and packaging for 50.9827 million yuan.

Forest Packaging Group (605500.SH) announced that it successfully won a bid at a transfer price of 50.9827 million yuan through public auction at the Zhejiang Property Exchange, acquiring 100% equity of Dongyang Zhejiang Conba Pharmaceutical Printing and Packaging Co., Ltd. (referred to as "Zhejiang Conba Pharmaceutical Printing and Packaging"), which is held by Zhejiang Conba Pharmaceutical Co., Ltd. (referred to as "Zhejiang Conba Pharmaceutical"). The company's existing packaging segment mainly provides packaging services and solutions for industrial and consumer products, while Zhejiang Conba Pharmaceutical Printing has been engaged in the manufacturing and sales of pharmaceutical packaging boxes for many years. There is a strong industrial complementarity between the two companies. This equity transaction will help the company transition its industrial chain layout from industrial and consumer packaging to pharmaceutical packaging, which is beneficial for enhancing the company's industry and increasing its risk resistance capability.