ZW Data Action Technologies Inc. Announces Strategic Cooperation with Nanyue Health - Seite 2

According to iimedia.cn, since 2015, the chain pharmacies rate of Chinese pharmacies has been growing every year, reaching 50.44% in 2017, and the rate has continued to grow to 57.1% in 2021 Q3. Since the outbreak of the pandemic, a new trend of "contactless services" has emerged in many industries to reduce the probability of mutual infection among people, and unmanned pharmacies and vending machines are typical representatives of this new trend. We believe that the State Food and Drug Administration and the Medical Insurance Bureau in China supports the development of smart pharmacies related markets, promoting the integrated development of pharmaceutical distribution enterprises and e-commerce platforms, and the development of smart supply chains, smart logistics, and smart pharmacies. Additionally, according to the "2022 China's big health insurance industry development white paper", the revenue scale of China's big health industry in 2020 reached more than 9 trillion RMB.

“We are very excited about this cooperation, as the medical and health markets in China are full of potential in the future. This cooperation between the Company and Nanyue Health in the huge potential markets will help expand the Company’s franchise business. Meanwhile, the big data technology and powerful channel resources of the Company will be a booster for this cooperation, promoting the innovative development of both parties in the field of big health. Going forward, the Company will continue to seek cooperation opportunities with leading enterprises in the field of big health to bring great returns to our shareholders in the future,” commented Handong Cheng, Chairman and Chief Executive Officer of ZW Data.

About ZW Data Action Technologies Inc.

Established in 2003 and headquartered in Beijing, China, ZW Data Action Technologies Inc. (the “Company”) offers online advertising, precision marketing, data analytics and other value-added services for enterprise clients. Leveraging its fully integrated services platform, proprietary database, and cutting-edge algorithms, ZW Data Action Technologies delivers customized, result-driven business solutions for small and medium-sized enterprise clients in China. The Company also develops blockchain and artificial intelligence enabled web/mobile applications and software solutions for the general public, enterprise clients, and government agencies. More information about the Company can be found at: http://www.zdat.com/.