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

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Jul 14, 2021, 08:30 ET

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
[email protected]

Investor Relations Contact:

Tina Xiao
Ascent Investor Relations LLC
+1-917-609-0333
[email protected]

SOURCE China Jo-Jo Drugstores, Inc.