On April 12, Berry and Kang were listed on the backdoor listing of Tianxing Instrument to successively issue the “Announcement on the Freezing of Controlling Shareholders’ Shares” (hereinafter referred to as “Freezing Announcement”) and the “Notice on Suspension of Major Assets Restructuring Plan” "hereinafter referred to as "the suspension notice").

The "Freezing Announcement" stated that as of the disclosure date of the announcement, Tianxing Group held 44,002,000 shares of the company, accounting for 29.10% of the company's total share capital. The company's shares held by the company were pledged 44,002,000 shares, accounting for 29.10% of the company's total share capital; the company's shares held by the company 44,002,000 shares (accounting for 29.10% of the company's total share capital) ) was frozen by the Sichuan Higher People's Court.

The "Freezing Announcement" also stated that based on the above situation, the company sent a letter to Tianxing Group for verification. Tianxing Group replied: "The company has conducted a self-examination after receiving your company's verification letter. Up to now, the company has not received the legal documents issued by the court for the above-mentioned equity freeze. The details of related matters need further Verify that the company will entrust the listed company to announce the matter after further verifying the relevant information."

In the subsequent Suspension Notice, Tianxing Instrument stated that the company held the 12th extraordinary meeting of the 7th Board of Directors and the 2nd Extraordinary General Meeting of 2016 on December 4, 2016 and December 20, 2016 respectively. The “Proposal on the Issuance of Shares to Purchase Assets and the Sale of Major Assets and Related Party Transactions” was reviewed and approved. The transaction included the issuance of shares to purchase assets and the sale of major assets:

(1) Tianxing Instrument issued shares to all shareholders of Beijing Berry and Kang Biotechnology Co., Ltd. (hereinafter referred to as “Berry and Kang”) to purchase 100% of its shares in Berry and Kang (hereinafter referred to as “purchased assets”) ;

(2) Tianxing Instrument will deduct the monetary funds, notes receivable, short-term loans, notes payable, long-term borrowings and other assets and liabilities (hereinafter referred to as “scheduled for sale” on the auditing and evaluation date (June 30, 2016) The assets are sold to Chengdu Tongyu Automotive Parts Co., Ltd. (hereinafter referred to as “Tongyu Parts”), and Tongyu Parts purchases the aforementioned assets for sale in cash. This transaction constitutes a major asset restructuring.

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