Entering Into Of The Strategic Cooperation Agreement
VOLUNTARY ANNOUNCEMENT ENTERING INTO OF THE STRATEGIC COOPERATION AGREEMENT This announcement is made by Qianhai Health Holdings Limited (the Company) on a voluntary basis to provide the shareholders of the Company and potential investors an update on the
ENTERING INTO OF THE STRATEGIC COOPERATION AGREEMENT
This announcement is made by Qianhai Health Holdings Limited (the “Company”) on a voluntary basis to provide the shareholders of the Company and potential investors an update on the latest business development of the Company.
BASIC INFORMATION ON THE FRAMEWORK AGREEMENT
The board of directors of the Company (the “Board”) is pleased to announce that, on 29 August 2017, the Company and the Zhejiang Medical Healthcare Group Limited*（浙江省醫 療健康集團有限公司）(the “Partner”) entered into the strategic cooperation agreement (the “Agreement”).
Pursuant to the Agreement, both parties agreed to identify and evaluate in any strategic project opportunities in the business areas including medical and healthcare, senior caring and health maintenance, tourism and healthcare management and setting up of investment fund in healthcare sector in People Republic of China (“PRC”).
INFORMATION ABOUT THE PARTNER
Zhejiang Medical Healthcare Group Limited*（浙江省醫療健康集團有限公司）is a Company based in PRC, which is the first provincial platform for development of medical healthcare industry in PRC. It is owned by Zheijiang Tourism Group Company Limited*（浙 江省旅游集團有限公司）, Zhejiang State-owned Assets Management Company Limited* (浙 江省國有資本運營公司）, Zhejiang Energy Group Company Limited*（浙江省能源集團 有限公司）, Hangzhou Iron and Steel Group Company Limited*（杭州鋼鐵集團公司）and Juhua Group Company Limited *（巨化集團公司）, with the registered capital of RMB 800 million. It engaged in different business segments ranging from general hospitals, medical and health check centres, rehabilitation centres, health maintenace hotels and health focused tourism in Zhejiang Province. It has established a chain of medical and health check centres network which provides a wide range of medical and health check services in Zhejiang.
REASONS FOR AND ADVANTAGES OF ENTERING INTO THE AGREEMENT
The Board considers that, through the strategic cooperation under the Agreement, the parties will be able to form a sustainable strategic partnership beneficial to each other, and integrate the advantages and resources of each other to create greater commercial value by mutually recommending each other in various projects. The Board considers that the entering into the Agreement is in line with the Company’s operation strategy and will expand its medial healthcare network, and it is in the interest of the Company’s long-term development and its shareholders as a whole.
The Agreement is a non-binding agreement (other than clauses including confidentiality and governing law) setting out the general principles of possible cooperation between the parties. Detailed terms and conditions of the possible business cooperation under the Agreement will be subject to legally binding agreements to be entered into between the parties. Further announcements will be made by the Company as and when appropriate in compliance with the Listing Rules.
Further legally binding agreements may or may not be entered into and cooperation may or may not materialise. Shareholders of the Company and potential investors are advised to exercise caution when dealing in the shares of the Company