Grace Life-Tech (02112.HK) announced that it has signed a strategic cooperation framework agreement with Tianjin Bingcaogangmu Biological Technology to strengthen their cooperation in the field of the big health industry (plant formation layer stem cell platform technology project) and promote the development of various businesses on an equal and mutual basis, sharing resources, complementing each other's advantages, and achieving win-win development.

Bingcaogangmu is a holding group focused on hospital management, health management, traditional Chinese medicine health care, and big health chain, which owns the intellectual property rights of the 'Source of a Hundred Herbs' brand series.