Relationship between Shanghai Pharmaceutical Holdings and Shanghai Pharmaceutical Group

Direct relationship. Shanghai Pharmaceutical Group Co., Ltd. was restructured from the former Shanghai Pharmaceutical Administration and its affiliated enterprises in June 1996+00, and further restructured into a ternary investment structure in September 2002. Shanghai Pharmaceutical Holding Co., Ltd. (hereinafter referred to as Shanghai Pharmaceutical Group) directly under Shanghai Pharmaceutical Group Co., Ltd. is a national modern pharmaceutical supply chain service enterprise with drug distribution as its core, and its business center network covers 17 provinces and cities nationwide.