Mauna Kea Technologies and Tasly Pharmaceutical Announce the Incorporation of Joint Venture in China

Regulatory News:

Mauna Kea Technologies (Euronext: MKEA, ‘Mauna Kea’) (Paris:MKEA) (OTCQX:MKEAY) inventor of Cellvizio, the multidisciplinary probe and needle-based confocal laser endomicroscopy (p/nCLE) platform, and Tasly Pharmaceutical Group (SH Exchange: 600535, ‘Tasly’), today announced the achievement of a new key milestone in their strategic partnership.

Tasly Mauna Kea Medical Engineering Technology Co. Ltd., based in the Zheijang province of China, is now legally incorporated with registered capital of RMB 250 million (EUR 35 million¹). Tasly Mauna Kea Medical Engineering Technology Co. Ltd. will serve as the exclusive commercial platform for expanding the reach of Cellvizio into the Chinese domestic market and will launch a dedicated platform for neurosurgical applications worldwide.

Jing Su, MD, General Manager of Tasly Pharmaceutical Group, commented: “We couldn’t be more enthusiastic about our Joint Venture’s prospects in China and beyond, thanks to the great resources we are collectively endowing it with. We look forward to the upcoming success of this partnership based on synergies between Mauna Kea’s unique Cellvizio platform, Tasly’s commercial strength and its expertise in pharmaceutical development.”

Sacha Loiseau, Ph.D., Chairman and Chief Executive Officer of Mauna Kea Technologies, concluded: “This is an important accomplishment toward advancing Mauna Kea Technologies’ partnership with Tasly, which will allow us to achieve our shared commercial ambitions. I am excited about Cellvizio’s roadmap in China and the opportunity to benefit from Tasly’s significant scale in this key market.”

About Tasly Pharmaceutical Group

Adhering to the business mission of "To share the joy of health with all", Tasly has always been promoting the integrative development of traditional Chinese medicine (TCM) and modern medicine. Tasly continuously focuses on the three disease fields of cardio-cerebro-vascular diseases, digestive and metabolic diseases and tumors, which have the largest market share and the fastest development in China. It is committed to providing drug R&D that is urgently needed for clinical use and even addresses the unmet needs in China's clinical market. By leveraging the coordinated development advantages of modern TCM, biological medicine and chemical medicine, it carries out the strategic layout of innovative drugs and continues to maintain its leading position in the industry and the development momentum of R&D and innovation. For more information, visit www.taslypharma.com.