---
title: "The shareholder cash-out maze of Luoxin Pharmaceutical: Secret clauses suspected of false statements, the \"De Yi system\" faces repeated setbacks in exiting"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/241030459.md"
description: "Luoxin Pharmaceutical is facing a compliance crisis in capital operations due to the undisclosed Clause 8.3 of the \"Share Transfer Agreement.\" The equity transfer plan involving the \"De Yi system\" for its backdoor listing has been forced to terminate, with securities lawyers accusing this move of false representation. Luoxin Pharmaceutical has a previous record of incomplete information disclosure"
datetime: "2025-05-20T11:50:47.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/241030459.md)
  - [en](https://longbridge.com/en/news/241030459.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/241030459.md)
generator: "portal-rs"
---

# The shareholder cash-out maze of Luoxin Pharmaceutical: Secret clauses suspected of false statements, the "De Yi system" faces repeated setbacks in exiting

A previously unseen Clause 8.3 of the "Share Transfer Agreement" has pushed Luoxin Pharmaceutical into the eye of the storm regarding capital operation compliance. The "De Yi System," which was deeply involved in Luoxin Pharmaceutical's backdoor listing, abruptly terminated the planned equity transfer after nearly six months of preparation, and the important contractual terms affecting the termination of this transaction were never disclosed, with securities lawyers pointing out that this move is suspected of false representation. Prior to this, Luoxin Pharmaceutical had a history of incomplete information disclosure

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**