Yoshitsu Co., Ltd Announces Strategic Cooperation with Tasly Holding Group Co., Ltd
October 27 2023 - 9:15AM
Yoshitsu Co., Ltd (“Yoshitsu” or the “Company”) (Nasdaq: TKLF), a
retailer and wholesaler of Japanese beauty and health products, as
well as sundry products and other products in Hong Kong, mainland
China, Japan, North America, and the United Kingdom, today
announced that on October 18, 2023, the Company entered into a
strategic cooperation agreement (the “Agreement”) with Tasly
Holding Group Co., Ltd. (“Tasly”), a Chinese pharmaceutical
conglomerate, to cooperate with the investment, research and
development, and sales of health products globally. Yoshitsu
expects this collaboration with Tasly to help solidify and grow
Yoshitsu’s presence in the health product sector.
Yoshitsu and Tasly also plan to assist each
other with the registration and approval procedures necessary for
health products to be sold in Japan, mainland China, Hong Kong,
Macau, and other overseas markets. Yoshitsu and Tasly aim to
utilize their respective sales networks and logistics distribution
systems to help each other improve their respective supply chain
systems and distribution channels in international markets.
Mr. Mei Kanayama, the Principal Executive
Officer of Yoshitsu Co., Ltd, commented, “We believe that this
alliance with Tasly demonstrates our commitment to grow our
presence in the health product sector. Through this partnership, we
plan to innovate our offerings in the health product sector. We
plan to maintain a long-term partnership with Tasly, which we
believe will not only facilitate our investment and finance
activities in the health product sector, but may also offer us
opportunities to expand our sales and logistics system in both the
Japanese market and overseas markets. Moving forward, we expect to
continue to seek and foster partnerships that can support our
blueprint for business expansion.”
About Tasly Holding Group Co., Ltd.
Tasly Holding Group Co., Ltd., founded in 1994,
is a high-tech enterprise group. It focuses on the health industry
with biopharmaceuticals development as its core business and
biomedical engineering as an auxiliary business. Tasly is also
engaged in medical rehabilitation and health maintenance and
management services. Tasly ranks among the top 500 manufacturing
enterprises in China, the top 500 private enterprises in China, and
the top 100 leading enterprises in China's strategic emerging
industries, according to China Enterprise Confederation and China
Enterprise Entrepreneurs Association. Its core subsidiary
enterprise, Tasly Pharmaceutical Group Co., Ltd., was listed on the
Shanghai Stock Exchange in 2002. All information about Tasly has
been reviewed and approved by Tasly Holding Group Co., Ltd.
Additional information is available at https://en.tasly.com/.
About Yoshitsu Co., Ltd
Headquartered in Tokyo, Japan, Yoshitsu Co., Ltd
is a retailer and wholesaler of Japanese beauty and health
products, sundry products, and other products in Hong Kong,
mainland China, Japan, North America, and the United Kingdom. The
Company offers various beauty products (including cosmetics,
skincare, fragrance, and body care products), health products
(including over-the-counter drugs, nutritional supplements, and
medical supplies and devices), sundry products (including home
goods), and other products (including food and alcoholic
beverages). The Company currently sells its products through
directly-operated physical stores, through online stores, and to
franchise stores and wholesale customers. For more information,
please visit the Company's website at
https://www.ystbek.co.jp/irlibrary/.
Forward-Looking Statements
Certain statements in this press release are
forward-looking statements, within the meaning of Section 21E of
the Securities Exchange Act of 1934, as amended, and as defined in
the U.S. Private Securities Litigation Reform Act of 1995. These
forward-looking statements involve known and unknown risks and
uncertainties and are based on current expectations and projections
about future events and financial trends that the Company believes
may affect its financial condition, results of operations, business
strategy, and financial needs. Investors can identify these
forward-looking statements by words or phrases such as "may,"
"will," "expect," "anticipate," "aim," "estimate," "intend,"
"plan," "believe," "potential," "continue," "is/are likely to," or
other similar expressions. The Company undertakes no obligation to
update forward-looking statements to reflect subsequent occurring
events or circumstances, or changes in its expectations, except as
may be required by law. In addition, there is uncertainty about the
further spread of the COVID-19 virus or the occurrence of another
wave of cases and the impact it may have on the Company's
operations, the demand for the Company's products, global supply
chains, and economic activity in general. Although the Company
believes that the expectations expressed in these forward-looking
statements are reasonable, it cannot assure you that such
expectations will turn out to be correct, and the Company cautions
investors that actual results may differ materially from the
anticipated results and encourages investors to review other
factors that may affect its future results in the Company's
registration statement and in its other filings with the U.S.
Securities and Exchange Commission.
For investor and media inquiries, please
contact:
Yoshitsu Co., LtdInvestor Relations
DepartmentEmail: ir@ystbek.co.jp
Ascent Investor Relations LLCTina
XiaoPresidentPhone: +1-646-932-7242Email:
investors@ascent-ir.com
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