SHANGHAI, March 9, 2021 /PRNewswire/ -- Molecular Data Inc.
("Molecular Data" or the "Company") (Nasdaq: MKD), a leading
technology-driven platform in China's chemical industry, today announced
that it has entered into a supply framework agreement with Anhui
Gujing Distillery Co., Ltd. ("Gujing"), one of the most important
core enterprises in China's liquor
market, as part of its efforts to expand
presence in the food and beverage industry.
Under the agreement, Molecular Data will become a key supplier
for Gujing and its affiliated companies, including Anhui Runan
Xinke Testing Technology Co., Ltd. ("Runan
Xinke") and Anhui Ruisi Weier Technology Co., Ltd. ("Ruisi Weier"),
in the fields of chemical reagents, biological reagents, laboratory
consumables, as well as related instruments and equipment.
Molecular Data will source nearly 2 million stock-keeping units
(SKUs) that Gujing requires from its 21 well-known domestic and
foreign laboratory brands and suppliers.
Molecular Data's MKD Lab Supplies Mall is a data-driven one-stop
laboratory supplies e-commerce service platform, which covers all
categories of chemical reagents, biological reagents, laboratory
consumables, and equipment. The mall serves scientific research
institutions, hospitals, university laboratories, third-party
testing units and production plants, providing procurement services
that include all categories of reagents and intermediates.
With a history of more than 1,800 years, Gujing Gongjiu is one
of the eight most prestigious liquor
brands in China, and has
won the gold medal in the national spirits appraisal four times
consecutively. Gujing's research capabilities in liquor are also
industry leading. In accordance with the national standards of top
laboratories, Gujing has established research and development
centers, national post-doctoral research workstations, academic
workstations, national food enterprise quality and safety testing
technology demonstration centers and other scientific research
platforms.
Both affiliates of Gujing, Runan Xinke
is a state-owned third-party testing institution that provides
one-stop testing services from inspection to testing and technical
services with various national certification; while Ruisi Weier has
been striving for technology development related to biological
fermentation engineering.
The collaboration with Gujing is another milestone for Molecular
Data to propel digitalization of
the traditional industries and empower intelligent
manufacturing in China. Molecular
Data will continue to optimize supply chain services and upgrade
the digital products, helping enterprises
both from China and abroad to
reduce costs and increase efficiency to spur the development of the
industry.
About Molecular Data Inc.
Molecular Data Inc. is a leading technology-driven platform in
China's chemical industry,
connecting participants along the chemical value chain through
integrated solutions. The Company delivers e-commerce solutions,
financial solutions, warehousing and logistics solutions, and SaaS
suite that are intended to solve pain points for participants in
the traditional chemical industry. Built upon a comprehensive
knowledge engine and artificial intelligence (AI) capabilities, the
Company's e-commerce solutions are mainly offered through its
online platform, consisting of molbase.com,
molbase.cn, Moku Data WeChat account, Chemical Community APP
and other ancillary platforms.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "aims," "future," "intends,"
"plans," "believes," "estimates," "confident," "potential,"
"continue" or other similar expressions. Among other things, the
quotations from management in this announcement, as well as the
Company's strategic and operational plans, contain forward-looking
statements. The Company may also make written or oral
forward-looking statements in its periodic reports to the U.S.
Securities and Exchange Commission, in its annual report to
shareholders, in press releases and other written materials and in
oral statements made by its officers, directors or employees to
third parties. Statements that are not historical facts, including
but not limited to statements about the Company's beliefs and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties, and a variety
of factors could cause actual results to differ materially from
those contained in any forward-looking statement, including but not
limited to the following: the Company's goals and strategies; the
Company's future business development, results of operations and
financial condition; the expected growth of the chemical market;
the Company's ability to monetize the user base; fluctuations in
general economic and business conditions in China; the potential impact of the COVID-19 to
the Company's business operations and the economy in China and elsewhere generally; and assumptions
underlying or related to any of the foregoing. Further information
regarding these and other risks is included in the Company's
filings with the Securities and Exchange Commission. All
information provided in this press release and in the attachments
is as of the date of the press release, and the Company undertakes
no duty to update such information, except as required under
applicable law.
For investor and media inquiries, please contact:
In China:
Molecular Data Inc.
Eva Ma
Tel: +86-21-5419-9057
E-mail: investor@molbase.com
The Piacente Group, Inc.
Emilie Wu
Tel: +86-21-6039-8363
E-mail: molbase@tpg-ir.com
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: molbase@tpg-ir.com
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SOURCE Molecular Data Inc.