Group 1 - The core point of the news is that Beijing Tongrentang Healthcare Investment Co., Ltd. plans to issue up to 136,930,500 overseas listed ordinary shares and list them on the Hong Kong Stock Exchange, with 10 shareholders converting a total of 110,139,024 shares from unlisted domestic shares to overseas listed shares [1][3] Group 2 - Tongrentang Healthcare is a traditional Chinese medicine group that provides comprehensive TCM medical services to individual clients and standardized management services to institutional clients, combining "medicine" and "nurturing" to offer modern and customized TCM medical services [3] - As of June 24, 2025, the company has established a tiered medical service network, including 12 self-owned offline medical institutions and one internet hospital, along with 10 offline managed medical institutions [3] - The company leverages the well-known brand "Tongrentang" and high-quality pharmaceuticals to accumulate and integrate a large number of online and offline medical resources [3] Group 3 - The list of shareholders converting their shares includes China Beijing Tongrentang (Group) Co., Ltd. with 52,930,500 shares, Beijing Tongrentang Elderly Care Industry Investment and Operation Center (Limited Partnership) with 17,605,573 shares, and several other shareholders totaling 110,139,024 shares [5]