Huakong Kangtai Group Limited (formerly known as Tongfang Kangtai Industrial Co., Ltd. (July 2016 to September 2022); United Cement Holdings Limited (March 2011 to July 2016)) was incorporated in the Cayman Islands in March 2011 and listed on the Hong Kong Stock Exchange on January 18, 2012 (stock code: 1312). Through its subsidiaries, the Company is mainly engaged in (i) manufacturing and selling prescription drugs (including chemical drugs and traditional Chinese medicines) in China; and (ii) operating fitness centers, providing fitness and health consulting services, and operating franchises. The Group acquired Tongfang Pharmaceutical Group Co., Ltd. (previously known as Beijing Ziguang Pharmaceutical Co., Ltd.) in 2016. Tongfang Pharmaceutical Group Co., Ltd. is engaged in the manufacture and sale of prescription drugs and other pharmaceutical-related businesses in Beijing, Chongqing and Shaanxi, China. Furthermore, in 2017, the Group acquired TFKT True Holdings as a subsidiary and True Yoga Holdings Limited as a joint venture. The two companies and their subsidiaries each operate fitness centers and provide fitness and health consulting services in Singapore and Taiwan.