Aixin Life to acquire Yunnan Runcansheng for RMB 45.1M; conditions include net worth threshold

AiXin Life International, Inc.

Purchase price RMB 45,082,600 for 100% equity; deposit of RMB 5M paid, RMB 15M escrowed.
Acquisition contingent on audited net worth of Yunnan Runcansheng >= 90% of RMB 1.7M as of Dec 31, 2021.
Second payment of RMB 33M due within 5 days of equity registration; remaining RMB 7.08M after document transfer.
Chen Yun, a seller, will enter 5-year consulting agreement for RMB 100K/year and options for 500K shares at $6.
Sellers subject to non-compete in Yunnan/Sichuan until June 2027.

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