SHANGHAI, Feb. 24, 2020 /PRNewswire/ -- Businesses across
China need to secure epidemic
supplies such as face masks and disinfectant to re-open factories
and offices. Now they will be able to turn to 111, Inc. (NASDAQ:
YI) ("111" or the "Company"), a leading integrated online and
offline healthcare platform. 111 announced its "Medical Supply
Assurance Service" today, which enables business owners to use
111's online platforms to submit applications for protective
materials against COVID-19 contagion as well as free online
consultations, prescription refills, and customized healthcare
service packages.
Dr. Gang Yu, Co-Founder and Executive Chairman of 111 Said: "We
are launching our epidemic supplies service in response to the
government's call to the nation to open for business despite the
epidemic. This new service for businesses affected by the public
health crisis provides supplies and customized services that are
urgently needed now to protect against the epidemic."
The Shanghai Pudong district is one of the factories and
commercial zones that may benefit from 111's new service, including
its Zhangjiang Hi-Tech Park, which specializes in life sciences,
software, semiconductors and information technology. Ms.
Qin Cai, manager of the Zhangjiang
Sub-branch of China CITIC Bank, said: "The Zhangjiang Hi-Tech Park
hosts a large number of companies, and many of them are eagerly
looking for novel coronavirus protective supplies in order to
resume work. 111's new service is timely and exactly speaks to
their needs. I would definitely recommend it to these
companies."
The new emergency supply service makes use of 111's proprietary
smart supply chain to ensure prompt delivery of protective supplies
and prescription drug refills to its users. The smart supply chain
uses big data analytics for intelligent sales prediction, inventory
management, product delivery, and tracking of each SKU. 111's
warehouses are automated to maximize efficiency. 111 is also
working with express delivery companies to fast track drug delivery
to customers in the epidemic-hit province.
Safe Harbor Statement
This press release contains forward-looking statements. These
statements constitute "forward-looking" statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates," "target,"
"confident" and similar statements. Among other things, the
Business Outlook and quotations from management in this
announcement, as well as 111's strategic and operational plans,
contain forward-looking statements. 111 may also make written or
oral forward-looking statements in its periodic reports to the U.S.
Securities and Exchange Commission, in its annual report to
shareholders, in press releases and other written materials and in
oral statements made by its officers, directors or employees to
third parties. Such statements are based upon management's current
expectations and current market and operating conditions and relate
to events that involve known or unknown risks, uncertainties and
other factors, all of which are difficult to predict and many of
which are beyond the Company's control. Forward-looking statements
involve inherent risks, uncertainties and other factors that could
cause actual results to differ materially from those contained in
any such statements. Potential risks and uncertainties include, but
are not limited to, uncertainties as to the Company's ability
comply with extensive and evolving regulatory requirements, its
ability to compete effectively in the evolving PRC general health
and wellness market, its ability to manage the growth of its
business and expansion plans, its ability to achieve or maintain
profitability in the future, its ability to control the risks
associated with its pharmaceutical retail and wholesale businesses,
and the Company's ability to meet the standards necessary to
maintain listing of its ADSs on the Nasdaq Global Market, including
its ability to cure any non-compliance with Nasdaq's continued
listing criteria. Further information regarding these and other
risks, uncertainties or factors is included in the Company's
filings with the U.S. Securities and Exchange Commission. All
information provided in this press release is as of the date of
this press release, and 111 does not undertake any obligation to
update any forward-looking statement as a result of new
information, future events or otherwise, except as required under
applicable law.
About 111, Inc.
111, Inc. (NASDAQ: YI) ("111" or the "Company") is a leading
integrated online and offline healthcare platform in China. The Company provides hundreds of
millions of consumers with better access to pharmaceutical products
and healthcare services directly through its online retail pharmacy
and indirectly through its offline pharmacy network. 111 also
offers online healthcare services through its internet hospital, 1
Clinic, which provides consumers with cost-effective and convenient
online consultation and electronic prescription services. In
addition to providing direct services to consumers through its
online retail pharmacy, 111 also enables offline pharmacies to
better serve their customers. The Company's online wholesale
pharmacy, 1 Drug Mall, serves as a one-stop shop for pharmacies to
source a vast selection of pharmaceutical products. The Company's
new retail platform, by integrating the front and back ends of the
pharmaceutical supply chain, has formed a smart supply chain, which
transforms the flow of pharmaceutical products to pharmacies and
modernizes how they serve their customers.
For more information on 111, please visit http://ir.111.com.cn/.
For more information, please contact:
111, Inc.
IR Director
Ms. Monica Mu
E-mail: ir@111.com.cn
Christensen
In China
Mr. Christian Arnell
Phone: +86-10-5900-1548
E-mail: carnell@christensenir.com
In US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: lbergkamp@christensenir.com
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SOURCE 111, Inc.