Li Zhenguo, Chairman of Jiuzhitang Co., Ltd., and Gao Yi, Chairman of Yifeng Pharmacy Chain Co., Ltd., signed the cooperation agreement on behalf of their respective companies. Attending the signing ceremony were industry veteran expert Fu Mingzhong, Honorary President of the China Pharmaceutical Commerce Association and Senior Expert Advisor at Jiuzhitang; Yifeng Pharmacy Vice Presidents Wang Fei and Wang Yonghui; M&A Cooperation Director Hu Guodong, Deputy Director of M&A Cooperation Zhu Liang; Board Secretary Fan Wei; Jiuzhitang Co., Ltd. Executive Deputy General Manager Liu Chunfeng, Deputy General Manager Xu Aimin, Chairman’s Assistant He Zhiwei; Deputy CFO and Director of the Financial Control Project Office Zhang Liangbin; Head of the Capital Operations Department Yu Xinyang; and external expert Zhao Yanjuan, among other leaders. The signing ceremony was hosted by Han Chenxiao, Board Secretary of Jiuzhitang.

Health is a timeless topic that captures people's attention. Following the report from the 19th National Congress of the Communist Party of China, which called for "implementing the Healthy China Strategy," the country’s 14th Five-Year Plan has also prioritized "comprehensively advancing the building of a Healthy China" as a key development objective. Traditional Chinese medicine (TCM) played a vital role in combating the COVID-19 pandemic, effectively raising public awareness about "national health" and "holistic well-being." As a result, demand for TCM products and services among the general population has surged, signaling that TCM is entering a new era of widespread consumer interest. Standing at this pivotal moment in history, the TCM industry now stands at the threshold of unprecedented growth opportunities. The dynamic shifts in today’s global landscape have created significant chances for strategic collaboration between stakeholders. This partnership represents a meaningful exploration aimed at preserving and advancing the legacy of TCM, paving the way for its continued evolution and success in the years ahead.

Gao Yi, Chairman of Yifeng Pharmacy, stated: "The collaboration between Jiuzhitang and Yifeng Pharmacy represents a significant leap forward, made possible by our shared values and aligned visions. Partnering with Jiuzhitang—a renowned brand with over 300 years of national acclaim—marks a pivotal step toward becoming deep, long-term collaborators. This partnership is a crucial move for both companies to further advance our shared mission of contributing meaningful value to the global health cause. With years of dedicated expertise in the retail industry, Yifeng Pharmacy is poised to support Jiuzhitang’s industrial production and distribution efforts, delivering high-quality, effective health products and services to consumers. Looking ahead, I hope we can forge even deeper collaborations with Jiuzhitang in areas such as industrial manufacturing and beyond," Gao added.

Li Zhenguo, Chairman of Jiuzhitang, stated: "This collaboration marks a historic milestone for both Yifeng Pharmacy and Jiuzhitang. We are determined to make this partnership one that earns industry respect, garners government support, and brings satisfaction to our employees! Guided by shared development principles and a common mission, the two companies will forge a deep, collaborative relationship—both in terms of business operations and core values. Together, rooted in our aligned values and mutual goals, we are confident that we can overcome any challenge ahead and continue advancing hand in hand on the path to improving human health."

Fu Mingzhong, Honorary Chairman of the China Association of Pharmaceutical Commerce, congratulated both parties on their successful collaboration. She noted that Yifeng Pharmacy and Jiuzhitang have joined forces to create a top-tier supply-chain partnership in the pharmaceutical industry—spanning everything from research and development through production, distribution, and services. This strategic alliance not only reflects the visionary outlook of both companies but also aligns perfectly with the broader industry trends. Moreover, it sets a new benchmark for the healthcare sector by offering a model of comprehensive, end-to-end service integration.

Jiuzhitang boasts a history of 372 years to date. Upholding the development philosophy of "innovation through inheritance, and growth through innovation," Jiuzhitang is committed to its mission: "A Century of Jiuzhitang, Serving Greater Health." The company remains dedicated to delivering valuable products and services that enhance human well-being, safeguarding lives with high-quality, effective health solutions while contributing meaningfully to the global health cause—and earning its place as the public's first-choice health partner. For decades, Jiuzhitang Pharmaceutical Chain has distinguished itself by seamlessly integrating traditional Chinese medicine products with the rich heritage of TCM culture, actively expanding its network of nationwide chain pharmacies and Traditional Chinese Medicine clinics. Through these efforts, the company continues to promote and popularize TCM culture and health product knowledge across the country.

As a leading large-scale pharmaceutical retail chain in China, Yifeng Pharmacy spans across ten provinces and cities, including Hunan, Hubei, and Shanghai. Guided by the philosophy "Always thinking of your benefits, cultivating virtue to enrich ourselves," Yifeng Pharmacy has long been dedicated to the healthcare industry, delivering compassionate care, professional expertise, and premium-quality products that help people achieve greater physical and mental well-being—making it the trusted, go-to pharmacy for consumers nationwide.

This collaboration between the two parties, leveraging Yifeng Pharmacy's nationwide chain network, will further enhance Jiuzhitang's operational capabilities in the retail sector, expanding its reach and influence. It will accelerate the expansion of Jiuzhitang's pharmaceutical retail business, strengthen the distribution of Jiuzhitang products, and amplify the cultural legacy of Jiuzhitang embedded within its offerings. This partnership will also help elevate the "Jiuzhitang" brand as a whole. At the same time, this initiative will expedite the development of retail sales channels for Jiuzhitang's industrial products. Moving forward, Jiuzhitang will continue to focus on its core business, optimize its corporate structure, and improve the efficiency of existing resource allocation, paving the way for high-quality, sustainable growth.

The strategic partnership between Jiuzhitang and Yifeng Pharmacy will further drive the sharing and deep integration of pharmaceutical industry and commercial resources in Hunan Province, setting a benchmark for the seamless convergence of industry and commerce within Hunan's pharmaceutical sector—and ultimately fostering mutually beneficial collaboration to collectively contribute to the development of traditional Chinese medicine in both the nation and Hunan Province!

Source: This article is reprinted from the official WeChat account of Jiuzhitang Group.