A subsidiary of Jiabiyou spent 29 million yuan to acquire a 51% stake in Zhongke Health

Hefei Zhongke Health is a research and development-oriented industrial company established with the technical background of the bio-industry research of the Institute of Plasma, Chinese Academy of Sciences. At present, five technology research and development experiment modules have been preliminarily established, including microbial synthetic biology laboratory, plasma breeding and high-throughput screening laboratory, process integration and engineering laboratory, cosmetic function and formula laboratory, and analysis and identification laboratory. Jiabiyou announced on December 28 that Wuhan Zhongke Optics Valley Green Biotechnology Co., Ltd., a wholly-owned subsidiary of the company, intends to invest in the related party Hefei Zhongke Health Bioindustry Technology Research Institute Co., Ltd., with a total investment of 29 million yuan. After the completion of this transaction, Zhongke Optics Valley will hold 51% of Zhongke Health, and Zhongke Health will be included in the scope of the company’s consolidated statements.

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