[ET Net News Agency, 14 June 2019] Uni-Bio Science Group Limited (00690) said its
subsidiary Uni-Bio Science Healthcare (Beijing) Co. Limited has entered into a non-legally
binding letter of intention for an exclusive cooperation framework agreement with Kai Ping
Shi Jian Bao Zhen Tourism Development Company Limited (the cooperation partner).
The cooperation partner is a company established for the Kai Ping Forest Ecological
Wellness Tourism Project. The project covers an area of 2.916 million square metres, with
a gross floor area of 0.7012 million square metres. Major elements of the project
construction include a three-star resort hotel, a five-star hot spring hotel/log cabin
zone, specialised healthcare facilities, a forest ecological wellness zone, etc. It is
targeted to attract 2 million annual visits.
Both parties preliminarily agree to discuss the possibility of building a joint venture,
based on the following issues: (1) to provide healthcare related services for patients
diagnosed with chronic diseases within the project area, especially in the fields of
diabetes and osteoporosis; and (2) to set up and operate hospitals/clinics within the
project area, in order to support phase I and phase IV clinical trials of the group's
future research on chronic diseases, especially in the fields of diabetes and
osteoporosis. (RC)