Gelonghui February 10th 丨Xinhua Medical (600587.SH) announced that the company plans to jointly fund the establishment of Xinhua Healthcare (Hainan) Co., Ltd. (“Health Hainan Company”) with Yiyang Health Development Group Co., Ltd. (“Health Hainan Company” for short) (the name is tentative, subject to the approval of the Market Supervision Administration, “Hainan Xinhua Company” for short). Hainan Xinhua has a registered capital of 50 million yuan, of which Xinhua Medical invested 25.5 million yuan, with a shareholding ratio of 51%; Health Hainan Company will invest 24.5 million yuan, with a shareholding ratio of 49%.

The business scope of the proposed company includes sales of first, second and third types of medical devices: sales of disinfectants; sales of special pharmaceutical equipment, etc.; international import and export trade of medical device products; research and development of medical devices and consumables.