Zhongxin Finance, May 18. On the 18th, Youngor issued an announcement saying that the company decided to further focus on the main business in terms of resources, funds, team and management, adjust the existing industrial structure, and plan to donate Puji Hospital and related assets to Ningbo City. The people's government, the specific donation plan is submitted to the shareholders' meeting to authorize the company's management and the Ningbo Municipal People's Government to negotiate and implement.

Screenshot of the announcement.

  Youngor announced that in recent years, the uncertainty of the economic situation at home and abroad has increased, the reform of the national medical system has been deepened, and the company lacks the operation team and experience in related industries. A large degree of imbalance is not conducive to the company's focus on capital and energy to develop its main business.

  As of the announcement date, the book value of Puji Hospital and related assets was 1.074 billion yuan, the contract amount to be paid was 286 million yuan, and the estimated value was 1.36 billion yuan.

  The announcement shows that on May 24, 2018, Youngor Company won the right to use the state-owned construction land of the CX06-05-02g plot in Jishigang Town, Haishu District, Ningbo City at a price of 75.0964 million yuan. The land use is medical and health land. Prepare to build a large-scale general hospital with a third-class standard, and rely on this to develop the health industry and realize the transformation and exploration of the real estate sector.

In October 2018, the construction of Puji Hospital officially started, and the acceptance has been completed recently.

  According to the announcement, the independent directors believe that this donation is in line with the requirements of listed companies to actively fulfill their social responsibilities, which is conducive to improving the company's social image and further focusing on its main business.

There is no situation that damages the interests of the company and other shareholders, especially the minority shareholders.

To sum up, I agree to the matters related to this external donation.

(Finish)