May 23, 2012, Yunnan Hongxiang Yixintang Pharmaceutical Co., Ltd. gained conditional approval to launch its initial public offering (IPO) of 65.1 million A shares from China Securities Regulatory Commission ("CSRC").

Hongxiang Yixintang is mainly engaged in pharmaceutical retail and wholesale business with pharmaceutical retail as its core business.  Operating more than 1,500 direct chain stores, it is the largest pharmaceutical retail chain enterprise in Yunnan province by sale and business network.  It is also the first pharmaceutical retail chain enterprise gaining the approval of listing from CSRC in China.

Jingtian &Gongcheng acted as the issuer's lawyer.