Recently, Ping An Health Medical Technology Co., Ltd. (stock code "Ping An Good Doctor", 1833.HK, referred to as "Ping An Health") and Jointown Pharmaceutical Group (referred to as "Jointown Pharmaceutical Group") officially announced a strategic partnership. Wu Jun, President of Ping An Health, Zheng Bosong, Senior Vice President of Ping An Health, and Liu Jinghan, CEO of Jointown Pharmaceutical Group, attended the event. This cooperation not only signifies the strong alliance between the two parties in the field of medical and health, but also represents an innovative development and deep exploration of the "Internet + medical + pharmaceutical" new model, aiming to provide users with more convenient, efficient and personalized medical and health services.

As an important part of Ping An Group's managed medical model, Ping An Health, with its advantages of complete supplier network, leading service system, abundant payment resources and strong ecological empowerment, continues to deepen the managed medical strategy and create two core service hubs: "family doctor" and "retirement aide". Ping An Health continues to deepen the construction of the "three to" service network. Through precise linking and professional guidance, Ping An Health provides users with efficient services that are available online 24/7, respond within 60 seconds, and deliver medicine within 1 hour in multiple cities nationwide. The platform advantage of Ping An Health lies in its ability to integrate online and offline resources, breaking the temporal and spatial constraints of traditional medical services, and providing users with a seamless health management experience. As of June 30, 2024, Ping An Health has nearly 4,000 cooperative hospitals, covering 100% of the top 100 hospitals nationwide, and has cooperated with 2.33 million pharmacies, 1.04 million health service providers, and nearly 2,500 cooperative physical examination institutions.

As a leading pharmaceutical e-commerce company in China, Jointown Pharmaceutical Group has a strong pharmaceutical supply chain and e-commerce capabilities and is committed to driving the development of pharmaceutical new retail through digital transformation. The company's pharmaceutical e-commerce platform and Good Pharmacist chain stores are distributed across the country, providing users with one-stop services such as online health consultation, health diagnosis and treatment, electronic prescriptions, and drug delivery. Jointown Pharmaceutical Group has accumulated rich experience and resources in pharmaceutical new retail, medical AI, and medical and health insurance, laying a solid foundation for cooperation.

In this strategic cooperation, Ping An Health and Jointown Pharmaceutical Group will jointly create a service chain system of "Internet + medical + pharmaceutical". The two parties will integrate their respective advantages and promote innovative cooperation in enterprise health, supply chain business, online medical and health services, and electronic payment for medical insurance, providing users with a more worry-free, time-saving and money-saving drug purchase and health service experience. At the same time, the two parties will deepen their cooperation in the promotion of health products, cross-border purchase of high-quality health products overseas, and jointly promote rapid growth of business scale.

The General Manager of the Pharmaceutical Business Department of Ping An Health mentioned that "in the customer service sector, Jointown Pharmaceutical Group relies on its offline network of 21,000 Good Pharmacist pharmacies and rich online mall capabilities, which can complement Ping An Enterprise Health's strategic positioning, enrich the offline service network, improve the density and quality of pharmacy networks, so that every entrusted customer and employee of Ping An can enjoy convenient drug purchase services at close range. After the supplement of the online mall, it can provide better delivery network and higher quality and more favorable prices. In the supply chain field, Jointown Pharmaceutical Group has a good reputation in the industry for its efficient logistics and intelligent inventory management services, in terms of warehousing and distribution, as well as service efficiency. It can complement Ping An and bring more efficient supply chain response capability, not only can enhance service quality, but also reduce operating costs, and Ping An Health and Jointown Pharmaceutical Group have many advantageous varieties that can complement each other, thus creating the possibility of cost reduction. At the same time, in terms of health services, Ping An Health relies on professional medical teams and rich service experience to provide users of Jointown Pharmaceutical Group with comprehensive health management services. In various fields from online diagnosis and treatment to electronic prescriptions, from family doctor services to retirement aides, we will work closely together. For every high-quality customer of both parties, provide a worry-free, time-saving and money-saving experience of high-quality medical and health management services."

The achievement of this strategic cooperation not only recognizes the strength of both parties, but also demonstrates a firm confidence in the future development of the pharmaceutical and health industry through innovative models and resource integration. Ping An Health and Jointown Pharmaceutical Group will work together to promote the high-quality development of the pharmaceutical and health industry and the aggregation of new productive forces, and contribute to the implementation of the strategic goals of Digital China and Healthy China.