Beingmate Co., Ltd (002570.SZ) released an announcement to support cutting-edge research and development in the field of nutrition products for families. The company's wholly-owned subsidiary, Beingmate (Hangzhou) Food Research Institute Co., Ltd., plans to jointly invest with Hangzhou Advanced Biological Technology Co., Ltd. (referred to as "Advanced Biology") and Hangzhou Weifu Biotechnology Co., Ltd. (referred to as "Weifu Biology") to establish Biomed (Hangzhou) Life Sciences Co., Ltd. (provisional name, subject to registration with the market supervision and management department). The company will cooperate with top synthetic biology experts in China to jointly develop key nutrients that are more suitable for China's nutrition food industry. After the joint venture is established, it will become a subsidiary controlled by the company and be included in the company's consolidated financial statements.
According to the announcement by Beingmate (002570.SZ), the target of this external investment is to gather outstanding science and technology teams in China through the joint venture company, work together with top synthetic biology experts in China, and jointly develop key nutrients that are more suitable for China's nutrition food industry, and establish a first-class domestic nutrition industry technology research and development platform. In the future, the joint venture company will jointly establish a united laboratory with related scientific research units such as Zhejiang University, carry out organized scientific and technological innovation in nutrition disciplines, design and formulate nutrition-related standards, form an innovative institution with significant international influence, and ultimately, through joint cooperation with related teams, establish a national-level research institute with biomanufacturing, functional medicine, and precision nutrition as the development direction.
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