Treasure Island intends to cooperate with Zhejiang Zhenyuan strategic cooperation to discuss and develop in accordance with the traditional Chinese medicine industry

On July 4, Capital State learned that the A -share company Treasure Island (603567.SH) signed a strategic cooperation framework agreement.

Treasure Island and Zhejiang Zhenyuan Co., Ltd. (referred to as "Zhejiang Zhenyuan") signed the "Strategic Cooperation Framework Agreement". Industry discuss and develop together.

The main content of cooperation includes:

1. Carry out business channel cooperation. Relying on the advantages of the business channels of Zhejiang Zhengyuan in Zhejiang Province, especially in Shaoxing City, the full category of Chinese medicine (including Chinese medicine drinks, formula particles, Chinese medicine, etc.), the entire category of Chinese medicine (including Chinese medicine, formula particles, Chinese medicine, etc.), the two parties set up a business company to build the two parties in Shaoxing City. Even the sales network system of Zhejiang Province and the Yangtze River Delta.

2. Carry out the research and development of in -hospital preparations. Relying on the successful experience of developing in -hospital preparation development in other provinces, the Zhejiang Zhenyuan's resource advantages in the "Yueyi" classic and inspector's resource advantages in Zhejiang, the two sides carry out the collection, organizing and development of classic famous prescriptions, inspections, and promoting the in -hospital preparations The transformation of the results of the proprietary medicine.

3. Carry out medicinal materials transaction cooperation. Relying on the successful experience of the two Chinese medicinal materials trading centers of Treasure Island and Harbin, the resource advantages and industrial advantages of Zhejiang Chinese medicinal materials are fully developed, and the two parties discuss the feasibility of cooperating in the establishment of a trading center in Shaoxing, and with Luzhou, Harbin, Pan'an, etc. Differentiated development is implemented.

4. Carry out capital equity cooperation. In view of the high degree of complementarity between the two parties in terms of industrial resources, the two parties discuss their respective advantages and carry out capital levels such as equity cooperation.

Treasure Island said: This framework agreement is intentional agreement. The implementation of the specific projects requires the signing and performance of subsequent new contracts. Therefore, the signing of this framework agreement will not have a direct impact on the operating performance of Treasure Island in 2022. In the future, with the development of the cooperation content, it will play a positive role in expanding the sales network of the treasure island, the commercialization of the development of the internal preparation research and development, and the incremental development of the upstream and downstream customers of the Chinese medicinal materials.

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