New Ray Medic International Holdings Limited (New Ray Medicine) announced on July 9, 2024 that its target company's health food industry park project in Shengzhou, Zhejiang Province, China has successfully obtained the land use right through public bidding with a final bid price of RMB 14.7 million. New Ray Medic holds 39% of the target company's shares. The industrial park will provide a range of complex functions including production, logistics, and R&D. It is expected to start selling and leasing to the public in the third quarter of 2024. The target company will be responsible for the operation and management of the industrial park, and will determine the final use of facilities and buildings according to market demand.

New Ray Medic International Holdings Limited (New Ray Medicine) announced on July 9, 2024 that its target company's health food industry park project in Shengzhou, Zhejiang Province, China has successfully obtained the land use right through public bidding with a final bid price of RMB 14.7 million. New Ray Medic holds 39% of the target company's shares. The industrial park will provide a range of complex functions including production, logistics, and R&D. It is expected to start selling and leasing to the public in the third quarter of 2024. The target company will be responsible for the operation and management of the industrial park, and will determine the final use of facilities and buildings according to market demand.