Also on June 23, 2014 Ms. Han completed the sale of 1.6 million of her shares to a new strategic investor group. One million shares were bought by Beijing MLTH Fortune Investment Management Co., Ltd. ("MLTH") and 600,000 shares were bought by two affiliated investors. The negotiated purchase price was $2.00 per share and all shares are restricted for six months. MLTH is a China-based investment fund management company that specializes in establishing relationships with pharmaceutical and nutraceutical companies in China.
Upon completion of these transactions, Ms. Han owns 6.349 million shares or approximately 36% of the total 17.4 million shares outstanding on a fully diluted basis. Accretive Capital owns 2.038 million shares or approximately 12% of the shares outstanding on a fully diluted basis. MLTH and its affiliates own 1.600 million shares or approximately 9% of the shares outstanding on a fully diluted basis.
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