Business Development

In 2018, the Group completed the acquisition of 57% equity interest in Anhui Hualin Group (“Anhui Hualin”) by way of (i) an equity transfer of 49.71% equity interest in Anhui Hualin from the vendor, an independent third party, at a consideration of RMB58.66 million; and (ii) capital injection into Anhui Hualin on a non-pro rata basis of RMB20.0 million. At present, Anhui Hualin directly and indirectly holds sponsor interests in certain private non-enterprise entities in the PRC, including two rehabilitation hospitals, one Class I general hospital (along with one clinic branch), nine rehabilitation centres for the disabled and one vocational training school.

The Anhui Hualin Group has a stable cooperation with the Anhui Disabled Persons Federation and local governments in the provision of home-based care services for the elderly and training services for the disabled. The Anhui Hualin Group is also a major organisation offering children rehabilitation services in Auhui Province, the PRC.

Healthcare bodies of the Group are equipped with advanced medical devices and professional medical teams, providing high-end, comprehensive and convenient medical treatment solutions to patients. In the future, the Group will collaborate with Anhui Hualin to operate as an integrated rehabilitation service platform combining medical rehabilitation, vocational rehabilitation, education rehabilitation and social rehabilitation centering around a class III rehabilitation specialty hospital.