About TOWN HEALTH Company

Kangjian International Healthcare Group Limited (together with its subsidiaries, the “Group”) is one of the largest and oldest medical groups in Hong Kong. The Group moved from the GEM to the Main Board of the Hong Kong Stock Exchange in 2008 (stock code: 3886.HK). Its core business is investing in the health industry and providing and managing medical and related services. With the rapid growth of the Group and the rapid development of its business, the Group has extended its business to other fields such as basic and specialist medicine, medical service management, medical diagnosis, physical examination, medical aesthetics, and corporate consulting and consulting. Rooted in Hong Kong and repeatedly set first place Dr. Cao Guizi, the founder of the Group, founded the first “Health Medical Center” in 1989, and two years later, officially launched the Group's grand development blueprint with a chain business model. The group successfully set four firsts in Hong Kong, including pioneering a chain of clinic stores, establishing a network of medical services, and expanding its business through a chain clinic business model; establishing the first comprehensive medical center in Hong Kong in 1997 to provide diversified medical services, including general, specialist medical and dental services; pioneering 24-hour outpatient services in 1999, so that patients can receive the treatment they need at any time; and introduced an enterprise management system in 2000, becoming the first medical group to directly list a chain of clinics. Expand investments and build advantages The Group is actively entering the medical market in mainland China and is jointly operating a one-stop high-end medical examination and imaging examination center with Sun Yat-sen University in Guangzhou to provide laboratory tests and high-end imaging diagnostic services. At the same time, the Group also operates a 500-bed rehabilitation hospital in Hangzhou and provides professional hospital management and consulting services to mainland partners. The Group also recently introduced one of the largest insurance companies in Taiwan: Fubon Life and Fubon Insurance, a subsidiary of Fubon Financial Holdings, as strategic shareholders, expanding the Group's shareholder base and bringing a large amount of capital and resources to the Group's development of medical business in mainland China. The Group also received shares from China Life Insurance Group, the largest insurance company in China, and became the largest shareholder of the Group, providing strong support for the Group to expand the medical market in mainland China. As the largest state-owned financial insurance group in China, China Life is committed to improving the social security system and developing “big health” that extends from traditional health insurance to health management and health services. Joining the Group this time is an important step for China Life Insurance to advance its big health strategy. Gather talents for professional management The Group has the medical standards of foreign countries, and is also familiar with the mainland system and people's conditions, and can use this advantage to introduce Hong Kong's medical system to the mainland. China's healthcare market is at a turning point of major reforms, opening up a large number of new investment and business development opportunities for private institutions. With years of intensive medical experience in Hong Kong, China, the Group has strong professional knowledge, medical management system and professional management team. These foundations are irreplicable foundations for the Group's entry into the Chinese medical market. We also pay attention to management and training, arrange for Chinese and Hong Kong doctors to exchange and learn from each other, and cooperate with the Group's development of cross-border medical tourism. Business integration to build a big health industry The Group will continue to maintain its leading position in the medical industry in Hong Kong, expand the medical market in mainland China, and introduce high-quality and professional medical and related management services to the mainland medical market. The Group has developed from a traditional clinic into a comprehensive and lifestyle medical service provider. Using a vertically integrated operating model, combining services such as hospitals, pharmaceuticals, doctor management and training, medical aesthetics, mobile medicine, etc., it links business with customers, improves operational efficiency, and realizes the development concept of the big health industry.