China Pharmaceutical Co., Ltd. plans to participate in Jilin Jiayi company to build the whole industry chain of ginseng

China Pharmaceutical announced in the evening of November 26 that the company had recently received a notice from its holding subsidiary general Meikang Pharmaceutical Co., Ltd (hereinafter referred to as "general Meikang"), which had signed a cooperation intention with Mr Xiao Yinghuan, the actual controller of Jilin Jiayi local products Co., Ltd (hereinafter referred to as "Jiayi company") Chinese medicine (600056) has taken frequent actions recently Following the announcement in October that it will plant licorice and set up a processing plant in Xinjiang, the company recently made another move to take a stake in Jilin Jiayi local product company and strive to build the whole industrial chain of ginseng China Pharmaceutical today announced that the company recently received a notice from the holding subsidiary general Meikang Pharmaceutical Co., Ltd that the company has signed a cooperation intention with Xiao Yinghuan, the actual controller of Jilin Jiayi local products Co., Ltd first, general Meikang will participate in the company plus one, with a 10% stake in the company Secondly, the two sides will carry out business cooperation All parties will actively carry out in-depth cooperation in ginseng planting, acquisition and primary processing, actively expand ginseng market at home and abroad, and actively promote the development of ginseng products in the direction of intensive processing, and realize the whole industrial chain management and sustainable development of ginseng industry China Pharmaceutical said that the signing of this letter of intent is the actual progress made under the framework agreement on Changbaishan ginseng Industrial Park project of China Pharmaceutical Health Products Co., Ltd signed by the company and Changbai County, Jilin Province, and is also an important measure for the company to build the whole ginseng industrial chain Gmmc is in the leading position in China's ginseng products export enterprises for a long time Jiayi company's main business involves the construction of ginseng base, integration of planting, storage, processing, R & D, sales and other industrial chain links Xiao Yinghuan holds 80.13% of the company's equity Jiayi company's main business involves the construction of ginseng base, integration of planting, storage, processing, R & D, sales and other industrial chain links The company began to grow organic ginseng in 2001, obtained the organic certification of NOP and EU in 2004, JAS in 2006 and GB in 2007 At present, there are more than 3300 Mu ginseng planting bases in malugou Town, BADAOGOU Town, Changbai town and other places in Changbai County, Jilin Province in self owned and cooperative ways, with an additional planting area of 43 hectares in 2013 In the deep processing of ginseng, plus one company has passed the enterprise standard filing of 27 ginseng products, and has successively obtained the production license certification of 15 varieties of ginseng food in 4 categories including ginseng beverage, ginseng tablet candy, ginseng substitute tea and ginseng wine At present, the company's own brand ginseng beverage and ginseng substitute tea products have been listed According to the letter of intent, gmmc will participate in one company and the number of shares is 10% of the equity of one company, and the transfer agreement will be signed separately All parties will actively carry out in-depth cooperation in ginseng planting, acquisition and primary processing, actively expand ginseng market at home and abroad, and actively promote the development of ginseng products in the direction of intensive processing, and realize the whole industrial chain management and sustainable development of ginseng industry; During the cooperation period, the words "Meikang" can be used in the names of Jilin Jiayi local products Co., Ltd and its subsidiaries, including the ginseng standardization demonstration base to be built in the future, so as to give full play to the brand goodwill advantage of general Meikang It is understood that Jiayi company began to grow organic ginseng in 2001, obtained the organic certification of NOP and EU in 2004, JAS in 2006 and GB in 2007 At present, there are more than 3300 Mu ginseng planting bases in malugou Town, BADAOGOU Town, Changbai town and other places in Changbai County, Jilin Province in self owned and cooperative ways, with an additional planting area of 43 hectares in 2013 In the deep processing of ginseng, Jiayi company has passed the enterprise standard filing of 27 ginseng products, and has successively obtained the production license certification of 15 varieties of ginseng food, including ginseng beverage, ginseng tablet candy, ginseng substitute tea and ginseng wine At present, its own brand ginseng beverage and ginseng substitute tea products have been listed.