SHANGHAI, May 4, 2020 /PRNewswire/ -- 111, Inc. ("
111" or the "Company") (NASDAQ: YI), a leading integrated
online and offline healthcare platform in China, announced today that it has launched
its Overseas Direct Delivery service (the "Service") addressing the
critical global shortage of personal protective equipment ("PPE")
since March. The Service provides direct delivery of masks,
disposable gloves, protective gowns and other equipment much needed
for personal and community safety. Users will also be able to
access the service via 111's flagship stores on Amazon.com and
Aliexpress.com.
111 partners with logistic and delivery companies including UPS,
FedEx and DHL to deliver supplies of anti-coronavirus PPE through
its "Overseas Direct Delivery" service. 111's "Overseas Direct
Delivery" service will be available in over 200 countries across 5
continents. Users will be able to access the service from the
hardest hit countries such as US, Italy, Spain,
Japan, etc.
Mr. Pengcheng Zhu, Co-Chief
Operating Officer of 111 commented, "111 has set up a team to
manage outbound shipping, tracking and delivery services for
international orders. To ensure smooth delivery of our orders, we
select and work with different logistics service providers who have
import trading expertise in their respective countries."
The experience gained from COVID-19 over the last 2 months has
further strengthened the foundation of 111's critical supply chains
management for critical medical supplies. At the outset of COVID-19
outbreak , the Company has setup a pandemic command center and
assembled a strategic procurement team to purchase and stockpile
essential medical materials including face masks, disposable
gloves, medical gowns, and goggles from Switzerland, New
Zealand, Brazil,
Ireland, South Korea and other countries, to ensure
these essential goods in sufficient supply throughout the duration
of the epidemic.
111 will follow closely the international developments of the
pandemic and prepare to roll out additional measures to play our
part in supporting the global fight against COVID-19.
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.
Media Relations
Email: press@111.com.cn
Phone: +86-021-2053 6666 (China)
111, Inc.
IR Director
Ms. Monica Mu
E-mail: ir@111.com.cn
GCM Strategic Communications
IR Counsel
Email: 111.ir@gcm.international
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SOURCE 111, Inc.