Recently, Siemens medical systems co., LTD. (hereinafter referred to as "Siemens medical China") with us in a big health industry holding co., LTD. (hereinafter referred to as the "beauty in a health") jointly announced that the two sides signed an agreement to jointly set up and operation of an independent medical imaging diagnostic center. Beauty in great health industry holding co., LTD., chairman Yu, PresidentXu, Siemens medical global chief operating officer Michael Reitermann and Siemens medical Ceng Fanzhong China President attended the signing ceremony.

On the same day evening, listed on the Shenzhen stock exchange in the beauty of the big health issued "about joint venture with Siemens medical systems co., LTD. Set up the company's announcement, according to the announcement, Siemens medical and beauty in large joint venture Shanghai health beauty city medical diagnostics co., LTD. (also, a total investment of 100 million yuan, including the years big health plans to 51 million yuan, with their own money owns a 51% stake in the joint venture company; Siemens medical offered 49 million yuan, owns a 49% stake in the joint venture company. 

Joint venture will set up the board of directors, the board of directors will consist of five members, of which three members (including the chairman) appointed by beauty in health, the other two members appointed by Siemens medical, both sides have the right to nominate one supervisor. The general manager nominated by the beauty in health, chief financial officer nominated by one of Siemens medical.

The center of the future will be settled in Shanghai, covers an area of about 3000 square meters, will use the image diagnosis, in vitro diagnostic and other advanced equipment, and other medical products, engaged in imaging diagnosis, health inspection and in vitro diagnosis, etc.

Siemens medical global chief operating officer Michael Reitermann in the conference, said: "the partnership marks our transformation from equipment suppliers as a solid step to becoming a customer long-term strategic cooperation partners. We would like to work with all parties to join hands in creating a new medical services in the future."

According to the announcement, according to the joint venture company lock-up period for 3 years, in three years, either party may not transfer the equity joint venture to a third party (except the transfer in the associated company), after a lock-up period expired, Siemens medical shall have the right to transfer all or part of its equity to a third party, beauty health shall enjoy the right of first refusal.