NF Energy Saving Corporation Signs Strategic Partnership Agreement With Chongqing Shude Pharmaceutical Co., Ltd.
October 21 2019 - 8:30AM
NF Energy Saving Corporation (NASDAQ: BIMI) (“BIMI” or the
"Company") announced today that it has entered into a strategic
partnership agreement with Chongqing Shude Pharmaceutical Co., Ltd.
(“Chongqing Shude”) through its wholly-owned subsidiary Boqi
Zhengji Pharmacy Chain Co., Ltd. (“Boqi Zhengji Pharmacy”), to
build a joint membership system and drive revenue growth in
Southwest China.
Found in 1996, Chongqing Shude Pharmaceutical Co., Ltd. is a
pharmaceutical company headquartered in Southwest China that
markets medicines and medical devices. Chongqing Shude currently
works with more than 100 pharmaceutical companies as their
pharmaceutical distributors. Chongqing Shude also has a wide range
of distribution channels including over 3,000 pharmacies, over
3,000 clinics, and over 50 private and public hospitals nationwide,
which has maintained a growth rate of more than 10% in the past
three years.
Under terms of the agreement, Boqi Zhengji Pharmacy and
Chongqing Shude establish a strategic partnership focused on
building a joint membership system and better engaging customers
for both sides. Boqi Zhengji Pharmacy agrees to develop a joint
membership database that can better analyze and visualize data.
Chongqing Shude agrees to use its distribution channels in
Southwest China to promote joint membership cards and develop
300,000 joint members before October 31, 2020.
“We are delighted to form the strategic partnership with Boqi
Zhengji Pharmacy,” said Xiaoping Wang, Chief Executive Officer of
Chongqing Shude Pharmaceutical Co., Ltd. “We believe our large
market share in Southwest China can help our partners and build a
win-win situation.”
“We are pleased to leverage our advanced data management
technology to build a joint membership database with Chongqing
Shude,” said Mr. Tiewei Song, Chief Executive Officer and President
of NF Energy Saving Corporation. “We believe that the joint
membership system can lay a solid foundation for our business
development in Southwest China, creating cloud and machine
learning-driven customer experiences, and gaining a competitive
advantage in the pharmaceutical retail industry.”
About NF Energy Saving CorporationNF Energy
Saving Corporation (NASDAQ: BIMI) is a China-based provider of
integrated energy conservation solutions utilizing energy-saving
equipment, technical services and energy management re-engineering
project operations to provide energy saving services to clients. In
February 2019, the Board of Directors of the company was
reorganized following efforts led by Mr. Yongquan Bi, the company’s
new Chairman, with a renewed focus on the health industry.
Safe Harbor StatementThe statements contained
herein that are not historical facts are considered
"forward-looking statements." Such forward-looking statements may
be identified by, among other things, the use of forward-looking
terminology such as "believes," "expects," "may," "will," "should,"
or "anticipates" or the negative thereof or other variations
thereon or comparable terminology, or by discussions of strategy
that involve risks and uncertainties. In particular, statements
regarding the efficacy of investment in research and development
are examples of such forward-looking statements. The
forward-looking statements include risks and uncertainties,
including, but not limited to, the effect of political, economic,
and market conditions and geopolitical events; legislative and
regulatory changes that affect our business; the availability of
funds and working capital; the actions and initiatives of current
and potential competitors; investor sentiment; and our reputation.
We do not undertake any responsibility to publicly release any
revisions to these forward-looking statements to take into account
events or circumstances that occur after the date of this report.
Additionally, we do not undertake any responsibility to update you
on the occurrence of any unanticipated events, which may cause
actual results to differ from those expressed or implied by any
forward-looking statements. The factors discussed herein are
expressed from time to time in our filings with the Securities and
Exchange Commission available at http://www.sec.gov.
IR Contact:Dragon Gate Investment Partners
LLCTel: +1(646)-801-2803Email: BIMI@dgipl.com
BIMI International Medical (NASDAQ:BIMI)
Historical Stock Chart
From Mar 2024 to Apr 2024
BIMI International Medical (NASDAQ:BIMI)
Historical Stock Chart
From Apr 2023 to Apr 2024