JIN MEDICAL INTERNATIONAL LTD. Announces Joint Venture with Shanghai Sdoma Smart Technology Co. - Seite 2

“Market analysis have shown an expanding demand for mobility scooters in China. ResearchAndMarkets predicts that the electric mobility scooter market in China will grow at a compound annual growth rate (CAGR) of over 8% between 2021 and 2026. This growth is due to an increasing elderly population in China, which is expected to reach 487 million by 2050, according to the United Nations. This also shows elderly assistive mobility scooter market has huge potential and is also one of JinMed’s core business growth strategies. This cooperation with Sdoma will build a solid foundation for the Company to rapidly expand our business. We will work together to explore market opportunities and create greater value for our customers.”

About Shanghai Sdoma Smart Technology Co.

Shanghai Sdoma Smart Intelligent Technology Co. was established in 2015 as a high-tech internet enterprise that focuses on the research and development, production, sales and services of elderly mobility scooters and living aids products. It aims to provide more convenient, safe, and comfortable travel and lifestyles for the elderly, and is committed to facilitate intelligent, comfortable, and healthy development of an aging society. It has core technologies and patents with independent intellectual property rights, as well as a research and development team composed of industry experts and an excellent sales and service team. Sdoma’s products are exported to Europe, as well as more than 20 countries and regions including the Americas, Australia, and Asia."

About Jin Medical International Ltd.

Founded in 2006 and headquartered at Changzhou City, Jiangsu Province of China, the Company, through its Chinese operating entities, designs and manufactures wheelchairs and living aids products for people with disabilities, the elderly, and people recovering from injuries. The Company’s Chinese operating entities operate 2 manufacturing plants with approximately 228,257 square feet in the aggregate in Changzhou City and Taizhou City, Jiangsu Province, China. The Company’s Chinese operating entities have established relationships with over 40 distributors in China, and over 20 in the other regions of the world where it currently sells the products. The majority of the Company’s wheelchair products, with more than 30 models, are sold to dealers in Japan and China, including Nissin Medical Industries Co., Ltd, one of the largest medical device distributors in Japan. The Company’s Chinese operating entities own a number of patents with the Patent Administration Department of the People’s Republic of China and aims to deliver innovative wheelchair designs that are both lightweight and ergonomic. For more information, please visit: http://www.zhjmedical.com.