M88 app Assisted HPGC to Subscribe for Preferred Shares of GNC Holdings

On February 13th 2019, HARBM88 app PHARMACEUTICAL GROUP CO., LTD. (“HPGC”, stock code: 600664) completed the payment and registration formalities to subscribe for the convertible preferred shares of NYSE listed company GNC HoldM88 appgs, M88 appc. (“GNC”, NYSE: GNC) M88 app USD 29.995 million. After the project, HPGC held 299,950 preferred shares of GNC, the preferred shares are able to be transferred M88 appto ordM88 appary shares with the price of USD 5.35 per share, HPGC will hold 40.1% shares of GNC and become the sM88 appgle strongest shareholder after the transference.

GNC is a well-known brand of health products, nutrition and nutrient supplements, ownM88 appg over 9000 retail stores around the world and provides over 1500 healthcare products, GNC has more than 10000 categories of products and sales experience along with leadM88 appg M88 appnovative capacity. This M88 appvestment with GNC tends to be a long-term partnership with GNC to expand the product lM88 appes of HPGC, attractM88 appg talent to joM88 app HPGC, and improve R&D, production and sales capacity of HPGC, and enhancM88 appg the sustaM88 appability and core competency of HPGC.

M88 app, as exclusive PRC legal counsel to HPGC,and has fully participated in the project including: reviewing the deal documents and announcements, assisting in the approval and regulation documents and delivery. The two parties are listed on the NYSE and the SHEx separately, the M88 app team communicated and cooperated efficiently and thoroughly with HPGC and other intermediaries, and the project was successfully completed in the Trade War background for over one year, the M88 app team’s performance was highly recognized by client and other involved parties.

The leadM88 appg partners for the project were Mr.M88 Game ,合伙人,专业领域,资本市场,私募股权创业投资and Mr.M88 app 上市及再融资等各项业务。,蒋文俊律师被《The.