Tianjin Li Sheng Pharmaceutical Co., Ltd., which is controlled by Tianjin Pharmaceutical Group, sold its central pharmaceutical shares in the hands of Zhongxin Pharmaceutical, another listed company controlled by Tianjin Li Sheng Pharmaceutical Group. Central Pharmaceutical is one of the shareholders of Tianjin Tasly Co., Ltd. In other words, Central Pharmaceutical is a shareholder of Tasly, Li Sheng Pharmaceutical is a shareholder of Central Pharmaceutical, and Tianyao Group is the holding company of Li Sheng Pharmaceutical. Theoretically, Li Sheng and Zhonghuan are both subsidiaries of Tianyao Group.
Central Pharmaceutical Co., Ltd. is only a minority shareholder of Tasly shares, and the holding unit of Tasly shares is Tasly Group, so Tasly is not a subsidiary of Tianjin Pharmaceutical Group. The relationship between the two is in one sentence: Central Pharmaceutical, a subsidiary of Pharmaceutical Group, is a shareholder of Tasly.