China Jo-Jo Drugstores Selected as one of the First Batch of Four-star Livelihood Pharmaceutical Service Stations in Hangzhou

Rhea-AI Summary

China Jo-Jo Drugstores (CJJD) has announced that its Daguan store has been designated as one of the first four-star livelihood pharmaceutical service stations in Hangzhou. This recognition highlights the store's ability to provide at least 15 types of pharmaceutical services. The local government aims to establish a total of 43 such stations in Hangzhou and 300 across Zhejiang Province this year. CEO Lei Liu stated this achievement reflects the company's commitment to high-quality public service and plans to expand its service reach and offerings in the region.

Positive

• Daguan store designated as one of the first four-star livelihood pharmaceutical service stations in Hangzhou.
• Recognition indicates professional service capabilities and potential for increased business.
• Plans to expand service offerings and community reach.

Negative

• None.

HANGZHOU, China, July 14, 2021 /PRNewswire/ -- China Jo-Jo Drugstores, Inc. (NASDAQ: CJJD) ("Jo-Jo Drugstores" or the "Company"), a leading online and offline retailer, wholesale distributor of pharmaceutical and other healthcare products and healthcare provider in China, today announced that one of the Company's drugstores, Daguan store has been selected as one of the first batch of four-star livelihood pharmaceutical service stations in Hangzhou. Over 60 local government officers and practitioners attended a celebration ceremony the Company held on July 8, 2021, including Mr. Jianjun Fan, Director of Hangzhou Municipal Market Supervision Bureau, Mr. Jianxiang Lu, Deputy Director of Hangzhou Municipal Market Supervision Bureau, Mr. Jinzhou He, Head of Hangzhou Certification Inspection Department at Hangzhou Municipal Market Supervision Bureau, and Mr. Qiang Wang, Head of Hangzhou Drug Circulation Department at Hangzhou Municipal Market Supervision Bureau.

Livelihood pharmaceutical service stations are categorized into three tiers, namely three-star, four-star, and five-star stations. The three-tier categorization is designed to distinguish the size of specialized pharmaceutical service area, the number of pharmacists engaged in pharmaceutical services, the types of pharmaceutical services provided, and the average monthly number of customers served at those stations. The three-star station is the basic standard, which requires the service station to provide at least 10 types of pharmaceutical services. The four-star service station is required to provide at least 15 types of pharmaceutical services. The local government expects that 43 livelihood pharmaceutical service stations will be established in Hangzhou, the capital city of Zhejiang Province, and at least 300 stations will be established in Zhejiang Province this year. Currently, 29 livelihood pharmaceutical service stations have been established and 5 of them have been selected as the first batch of four-star livelihood pharmaceutical service stations, including one of the Company's drugstores.

Mr. Lei Liu, Chairman and CEO of Jo-Jo Drugstores, commented, "Becoming a four-star livelihood pharmaceutical service station is a recognition of our professionalism and comprehensive service capabilities from the government, but also means a greater social responsibility for us. We are committed to providing high-quality services for the public. Looking forward, we will accelerate the deployment of our service sites in various regions of Hangzhou, expand the scope of our services to more communities, work with communities to do more public welfare activities, and provide WeChat pharmacy consultation, online medicine ordering and delivery services to benefit people and make their lives more convenient."

About China Jo-Jo Drugstores, Inc.

China Jo-Jo Drugstores, Inc. ("Jo-Jo Drugstores" or the "Company"), is a leading online and offline retailer and wholesale distributor of pharmaceutical and other healthcare products and a provider of healthcare services in China. Jo-Jo Drugstores currently operates an online pharmacy and retail drugstores with licensed doctors on site for consultation, examination and treatment of common ailments at scheduled hours. It is also a wholesale distributor of products similar to those carried in its pharmacies. For more information about the Company, please visit http://jiuzhou360.com. The Company routinely posts important information on its website.

Forward-Looking Statements

This press release contains information about the Company's view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. The Company's encourages you to review other factors that may affect its future results in the Company's annual reports and in its other filings with the Securities and Exchange Commission.

For more information, please contact:

Company Contact: 

Frank Zhao
Chief Financial Officer
+86-571-88077108
frank.zhao@jojodrugstores.com

Investor Relations Contact:

Tina Xiao
Ascent Investor Relations LLC
+1-917-609-0333
tina.xiao@ascent-ir.com 

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SOURCE China Jo-Jo Drugstores, Inc.

FAQ

What announcement did China Jo-Jo Drugstores make on July 14, 2021?

On July 14, 2021, China Jo-Jo Drugstores announced that its Daguan store was selected as one of the first four-star livelihood pharmaceutical service stations in Hangzhou.

What are four-star livelihood pharmaceutical service stations?

Four-star livelihood pharmaceutical service stations are established to provide at least 15 types of pharmaceutical services to the community.

How many livelihood pharmaceutical service stations are expected to be established in Hangzhou?

The local government expects to establish 43 livelihood pharmaceutical service stations in Hangzhou this year.

What does the four-star designation mean for CJJD?

The four-star designation signifies a recognition of CJJD's professional service capabilities and introduces a greater social responsibility for high-quality public service.

Who commented on the significance of the four-star service station for CJJD?

CEO Lei Liu commented on the significance of becoming a four-star livelihood pharmaceutical service station, emphasizing their commitment to quality service.