ECMOHO Plans to Establish Its Southwest Headquarters in Chengdu’s Smart Health Industrial Park
July 29 2020 - 7:00AM
ECMOHO Limited (Nasdaq: MOHO) ("ECMOHO" or the "Company"), a
leading integrated solutions provider in the rapidly growing
non-medical health and wellness market in China, has agreed to
cooperate with the Wenjiang District Government of Chengdu to
establish the Company’s southwest headquarters in China’s first
smart health industrial park in Chengdu.
ECMOHO also reached a framework agreement with
Runxintang, a leading research, development, and production company
of Chinese herbal medicine based in Sichuan province. The two
companies plan to establish a joint venture company to build up
digital supply chain, which could help to improve the capacity to
manufacture customized products and improve the capability of
R&D, marketing and sales promotion in the Chinese herbal
medicine industry.
Ms. Zoe Wang, the chief executive officer of
ECMOHO, stated that:
- The Company’s southwest
headquarters, to be established with assistance from the Wenjiang
District Government of Chengdu, will be a platform integrating
R&D, production, and sales functions. With the help of ECMOHO’s
capability on strategic digitalization, the platform could make
unique local health resources available to consumers through
ECMOHO’s smart supply chain. ECMOHO could help to create a new
local health product brand, stimulate and enhance the development
of the local health industry, which could also create more
employment opportunities.
- ECMOHO will exert its influence and
appeal in health industry and introduce more domestic and
internationally well-known health companies to join the smart
health industry park. The park will fully integrate the upper,
middle and lower reaches of health industry resources and build a
health digital industry chain. Science and technology will serve as
the core competitiveness of the smart health park. A group of
well-known domestic health industry research institutions will be
introduced into the park, so as to build a smart health park
integrating "production, education and research".
Safe Harbor Statements
This news release contains 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 can be identified by terminology such as
“will”, “expects”, “anticipates”, “future”, “intends”, “plans”,
“believes”, “estimates”, “target”, “going forward”, “outlook” and
similar statements. For example, the Company’s statements
about its expectations for the smart health park in Chengdu and its
planned cooperation with Runxintang are forward-looking statements
and are inherently uncertain. Such statements are based upon
management's current expectations and current market and operating
conditions, and relate to events that involve known or unknown
risks, uncertainties and other factors, all of which are difficult
to predict and many of which are beyond the Company's control,
which may cause the Company's actual results, performance or
achievements to differ materially from those in the forward-looking
statements. Further information regarding these and other risks,
uncertainties or factors is included in the Company's filings with
the U.S. Securities and Exchange Commission. The Company does
not undertake any obligation to update any forward-looking
statement as a result of new information, future events or
otherwise, except as required under applicable law.
About ECMOHO Limited
ECMOHO is a leading integrated solution provider
in the rapidly growing non-medical health and wellness market in
China. The Company acts as the bridge between brand owners
and Chinese consumers by marketing and distributing health
supplements and food, mother and child care products, personal care
products, household healthcare equipment and other health and
wellness products. Through over eight years of operation,
ECMOHO has built an ecosystem where Chinese consumers are provided
with customized health and wellness solutions that include quality
products and trustworthy content.
For more information, please visit
http://ir.ecmoho.com/.
For investor and media inquiries, please contact:
ECMOHO Limited Investor Relations Email:
ir@ecmoho.com
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