HANGZHOU, China, April 3, 2020 /PRNewswire/ -- China Jo-Jo Drugstores, Inc. (NASDAQ: CJJD)
("Jo-Jo Drugstores" or the "Company"), a leading online and offline
retailer and wholesale distributor of pharmaceutical and other
healthcare products and a provider of healthcare services in
China, today announced that
Hangzhou Economic and Information Bureau ("HEIB") and Central
Office of
Chinese Peasants and Workers Democratic Party[1]
("CPWDP") conveyed to the Company their appreciation and thanks for
the Company's contribution in combating the novel coronavirus
outbreak ("COVID-19").
In the thank-you letter from HEIB, the Company was recognized as
one of seven municipal-level temporary reserve organizations of
prevention and control materials. The Company was praised for
actively exerting initiative to ensure the market supply and
effectively alleviating the imbalance between supply and demand of
epidemic prevention materials such as masks in the market.
CPWDP thanked Mr. Wei Hu, the
Chief Operating Officer of Jo-Jo Drugstores, for his contribution
of monitoring and responding to the outbreak of COVID-19. Under Mr.
Hu's guidance, the Company established the "24-hour Coronavirus
Emergency Team" to ensure the implementation of the coronavirus
prevention and control work.
As of March 31, 2020, the Company
has provided communities with over 3 million masks, 200,000 bottles
of disinfectant, 1.5 million pairs of gloves, 150,000 bottles of
alcohol, 100,000 various temperature measuring instruments and
500,000 boxes of other anti-epidemic materials and medicines. In
addition, the Company made cash donations to the needed communities
in the amount of RMB 200,000.
Mr. Lei Liu, Chairman and CEO of Jo-Jo Drugstores, commented,
"We are excited to receive thank-you letters from HEIB and CPWDP.
Looking forward, we will continue to work hard to make greater
contributions to Hangzhou,
allocate medical supplies to stabilize the market, and fulfil our
vision to make the world healthier."
[1] Chinese Peasants and Workers Democratic Party.
One of the democratic parties on the patriotic united front led by
the Communist Party of China("CPC"), the CPWDP is mainly composed
of intellectuals from health and medical circles. Since founded in
Shanghai on September 1, 1930, CPWDP has played an important
part in the state political life, economic construction and health
and medical undertakings.
About China Jo-Jo Drugstores,
Inc.
China Jo-Jo Drugstores, Inc.
("Jo-Jo Drugstores" or the "Company"), is a leading online and
offline retailer and wholesale distributor of pharmaceutical and
other healthcare products and a provider of healthcare services
in China. Jo-Jo Drugstores currently operates an online
pharmacy and retail drugstores with licensed doctors on site for
consultation, examination and treatment of common ailments at
scheduled hours. It is also a wholesale distributor of products
similar to those carried in its pharmacies. In addition, Jo-Jo
Drugstores cultivates herbs used for traditional Chinese medicine.
For more information about the Company, please visit
http://jiuzhou360.com. The Company routinely posts important
information on its website.
Forward-Looking Statements
This press release contains information about the Company's
view of its future expectations, plans and prospects that
constitute forward-looking statements. Actual results may
differ materially from historical results or those indicated by
these forward-looking statements as a result of a variety of
factors including, but not limited to, risks and uncertainties
associated with its ability to raise additional funding, its
ability to maintain and grow its business, variability of operating
results, its ability to maintain and enhance its brand, its
development and introduction of new products and services, the
successful integration of acquired companies, technologies and
assets into its portfolio of products and services, marketing and
other business development initiatives, competition in the
industry, general government regulation, economic conditions,
dependence on key personnel, the ability to attract, hire and
retain personnel who possess the technical skills and experience
necessary to meet the requirements of its clients, and its ability
to protect its intellectual property. The Company's encourages
you to review other factors that may affect its future results in
the Company's annual reports and in its other filings with the
Securities and Exchange Commission.
For more information, please contact:
Company Contact:
Frank Zhao
Chief Financial Officer
+86-571-88077108
frank.zhao@jojodrugstores.com
Steve Liu
Investor Relations Director
steve.liu@jojodrugstores.com
Investor Relations Contact:
Tina Xiao
Ascent Investor Relations LLC
+1-917-609-0333
tina.xiao@ascent-ir.com
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SOURCE China Jo-Jo Drugstores,
Inc.