Meihua signs construction agreements for technology park and medical center

Meihua, via its subsidiary company Hainan Guoxie, has entered into cooperation agreement with Qionghai City of Hainan Province to build a technology park project. Hainan Guoxie also entered into a cooperation agreement with Hainan Free Trade Port Boao Hope City to build MHUA a medical research and development center in the Hope City. Pursuant to the Qionghai Agreement, Hainan Guoxie plans to invest in the construction of a medical industrial park in Hainan Province focused on the development of minimally invasive interventional medical devices, new materials and surgical robotics technologies. Pursuant to the Hope City Agreement, the planned MHUA medical R&D center will carry out the research and development of stem cell to human targeted therapies and rehabilitation training projects. Hope City is the only special medical park in China.