Junshengtai Medicine-B (02511) announced that, after negotiations with relevant regional government departments, the group has decided to establish a production material operation main base in Nandagang Industrial Park in Bohai New Area, Cangzhou City, Hebei Province.

Through business expansion plans, the group expects to make full use of local preferential policies, establish and improve the group's raw material production and supply capacity at a relatively low cost, and establish reliable strategic cooperation and partnership for the group's core products in China. The company believes that the above-mentioned business expansion plans are in line with the overall interests of the company and its shareholders.