QINGDAO, China, Dec.
16, 2020 /PRNewswire/ -- SOS Limited (NYSE: SOS) (the
"Company" or "SOS") announced today that it entered into a
strategic cooperation agreement with Qingdao West Coast
Healthcare Development Group Co., Ltd ("Qingdao
Healthcare") to cooperate in the area of health management, virtual
healthcare, circulation of drugs and medical devices, senior care,
and commercial insurance.
Founded in 2018, Qingdao West Coast is a state-owned enterprise
incorporated in May 2018 with a
registered capital of RMB 500
million. . It is a healthcare conglomerate with more than
3000 cooperative hospitals and more than 100 senior centers.
Its hospitals utilizes internet technology to provide online and
offline healthcare services. It collaborates with many national
renowned pharmaceutical companies and medical institutions to
develop innovative healthcare solutions. Qingdao
Healthcare utilizes its smart healthcare solutions to implement the
"Healthy China 2030" strategy, which is centered on achieving key
goals such as improving general health conditions, raising life
expectancy, effective control on main health-endangering factors,
improvement in health services and expansion in the health industry
by 2030. Qingdao Healthcare's mission is to fix the imbalance of
public health services by integrating existing medical resources
with a focus on continuously improving the level of medical and
health services to the local community.
The strategic cooperation agreement establishes SOS and Qingdao
Healthcare's plan to jointly promote the application and
development of innovative healthcare solutions. To improve
professional healthcare management and emergency rescue services,
the parties plan to utilize big data, cloud computing, Internet of
Things, blockchain, and artificial intelligence. Based on both
parties' combined efforts to specialize in the promotion of a
virtual healthcare platform via the Internet, mobile applications,
and artificial intelligence robots, the strategic partnership is
expected to enhance both parties' core competitiveness.
Upon entering into the collaboration, it is estimated that both
parties' number of users will increase by 3 million, 7 million, and
10 million in 2021, 2022, and 2023, respectively. Additionally,
with cross promotion of shared services to users, the business
revenue from each party is expected to increase by RMB 500 million (approximately USD 76.3 million), RMB 600
million (approximately USD 91.6
million), and RMB 900 million
(approximately USD 137.4 million) in
2021, 2022, and 2023, respectively.
The parties plan to enter into definitive agreement with
concrete terms of cooperation in the near future.
SOS Chairman Yandai Wang commented, "We are excited to partner
with Qingdao Healthcare through this new strategic cooperation
agreement. Health innovation and technology solutions will allow
further expansion of our user base with enhanced healthcare
services. By combining our core competitive advantages in SOS cloud
emergency rescue service software as a service (SaaS) platform with
Qingdao's Healthcare's
healthcare-related support management, we believe that we will
become better equipped to help our customers enjoy a one-stop
healthcare experience. We believe that this collaboration will also
play a critical role in driving the development and market
penetration of SOS' business in the medical and healthcare
field."
About SOS Limited
SOS Limited, through its operating subsidiary, SOS Information
Technology Co., Ltd. ("SOS") is a high-technology company providing
a wide range of services to its corporate and individual members,
including marketing data, technology and solutions for emergency
rescue services. SOS is focused on the research and development of
big data, cloud computing, Internet of Things, blockchain and
artificial intelligence. We have created a SOS cloud emergency
rescue service software as a service (SaaS) platform with three
major product categories, including basic cloud (medical rescue
card, car rescue card, financial rescue card, mutual assistance
rescue card), cooperative cloud (information rescue center,
intelligent big data, intelligent software and hardware), and
information cloud (News Today, E-Commerce Today). This system
provide marketing-related data, technology solutions, and
technology-driven big data to clients such as insurance companies,
financial institutions, medical institutions, healthcare providers,
auto manufacturers, security providers, senior living assistance
providers and other service providers in the emergency rescue
services industry. SOS has obtained a national high-tech enterprise
certification, the title of "big data star enterprise" awarded by
Gui'an New District Government, and has registered 11 software
copyrights and 2 patents. For more information, please visit:
http://www.sosyun.com/
About Qingdao West Coast Healthcare Development Group
Qingdao West Coast is a state-owned enterprise incorporated in
May 2018 with a registered capital of
RMB 500 million. It is a
healthcare conglomerate with more than 3000 cooperative hospitals
and more than 100 senior centers. Its hospitals utilizes
internet technology to provide online and offline healthcare
services. It collaborates with many national renowned
pharmaceutical companies and medical institutions to develop
innovative healthcare solutions. For more information, please
visit:
http://yljkjt.com/medicalgroupweb/webinfo/jtabout?menuid=129#
Forward-Looking Statements
Certain statements made herein are "forward-looking statements"
within the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
"anticipate," "believe," "expect," "estimate," "plan," "outlook,"
and "project" and other similar expressions that predict or
indicate future events or trends or that are not statements of
historical matters. Such forward-looking statements include timing
of the proposed transaction; the business plans, objectives,
expectations and intentions of the parties;, SOS's estimated and
future results of operations, business strategies, competitive
position, industry environment and potential growth opportunities
market acceptance of our products; the ultimate impact of the
current Coronavirus pandemic, or any other health epidemic, on our
business, our research programs, healthcare systems or the global
economy as a whole; our intellectual property; our reliance on
third party organizations; our anticipated financial and operating
results, including anticipated sources of revenues; our assumptions
regarding the size of the available market, benefits of our
products, product pricing, timing of product launches; management's
expectation with respect to future acquisitions; statements
regarding our goals, intentions, plans and expectations, including
the introduction of new products and markets; and our cash needs
and financing plans and etc. These forward-looking statements
reflect the current analysis of existing information and are
subject to various risks and uncertainties. As a result, caution
must be exercised in relying on forward-looking statements. SOS may
not realize its expectations, and its beliefs may not prove
correct. Due to known and unknown risks, our actual results may
differ materially from our expectations or projections. All
forward-looking statements attributable to the Company or persons
acting on its behalf are expressly qualified in their entirety by
these factors. Other than as required under the securities laws,
the Company does not assume a duty to update these forward-looking
statements.
Additional information concerning these and other factors that
may impact our expectations and projections can be found in our
periodic filings with the SEC, including our Annual Report on Form
20-F for the fiscal year ended December 31,
2019. SOS's SEC filings are available publicly on the SEC's
website at www.sec.gov. SOS disclaims any obligation to update the
forward-looking statements, whether as a result of new information,
future events or otherwise.
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SOURCE SOS Limited