HANGZHOU, China, May 2, 2023
/PRNewswire/ -- China Jo-Jo Drugstores, Inc. (Nasdaq:
CJJD) ("Jo-Jo Drugstores" or the "Company"), a leading online and
offline retailer, wholesale distributor of pharmaceutical and other
healthcare products and healthcare provider in China, today announced that the Company had
received the Hangzhou Municipal People's Government Quality
Management Excellence Award (the "Award"), the most prestigious
quality recognition established by Hangzhou Municipal People's
Government and reviewed by the Market Supervision and
Administration Bureau of Hangzhou
City.
Established in 2010, the Award is designed to recognize
enterprises or organizations that have implemented exceptional
performance management and created notable economic and social
benefits in areas such as production, construction, services, and
environmental protection. The Company is one of the only five
companies selected for the Award, reflecting recognition of the
Company's accomplishments in promoting quality management
innovation and achieving performance excellence.
After 20 years of effort, the Company has evolved into a
comprehensive healthcare service enterprise providing wholesale,
retail, and e-commerce of pharmaceuticals, medical treatment
services, traditional Chinese medicine planting, health management,
and medical technology. Jo-Jo Drugstores keeps innovating its
business model and has become one of the first commercial insurance
designated pharmacies in China,
the first online e-commerce drugstore in Zhejiang Province (one of the wealthiest
provinces in China with over
$1 trillion nominal GDP), the first
private medical institution with Internet hospital qualifications
licensed by the Zhejiang Provincial Health Commission, one of the
first future community pilot units in Zhejiang Province, one of the first five-star
people's livelihood pharmaceutical service stations in Zhejiang Province, and one of the first new
retail enterprises in Hangzhou
(the capital and largest city of Zhejiang
Province). The Company has been ranked among the Top 100
chain drugstores in China in terms
of value and comprehensive strength for three consecutive years,
with rapid growth in overall business, store expansion, new retail
business, and B2C sales.
Mr. Lei Liu, Chairman and CEO of Jo-Jo Drugstores, commented,
"We are deeply honored to be selected for the Award, which is a
testament and encouragement to the Company. We view this as the
opening of a new charter for the Company's future growth. Moving
forward, Jo-Jo Drugstores will continue to optimize the excellent
performance management system, actively foster the high-quality
development of the Company, and serve as an exemplary enterprise
within the industry. We will align ourselves with the development
plan as outlined in the project of 'Healthy China 2030', and strive
to make further contributions to building a robust city of quality
in Hangzhou while supporting local
economic and social progress."
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.
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
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.
