About TOWN HEALTH Company

Kangjian International Healthcare Group Limited (together with its subsidiaries, the “Group” for short) is one of the largest and oldest medical groups in Hong Kong. The Group was listed on the main board of the Hong Kong Stock Exchange from GEM 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 Group's rapid growth and rapid business development, the Group has extended its business to other fields such as basic and specialty medical care, medical service management, medical diagnosis, medical examinations, medical aesthetics, and corporate consulting and consulting. Rooted in Hong Kong and repeatedly achieved number one Dr. Cao Guizi, the founder of the Group, founded the first “Health Care Medical Center” in 1989, and officially launched the Group's grand development blueprint two years later with a chain business model. The Group successfully set four first places in Hong Kong, including pioneering a chain of clinics, establishing a network of medical services and expanding 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 care and dental services; pioneering 24-hour outpatient services in 1999, so that patients can receive the treatment they need at any time; and introducing an enterprise management system in 2000, becoming the first medical group to directly list a chain of clinics. Expand investment and establish 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 center in Guangzhou and Sun Yat-sen University to provide laboratory and high-end radiographic diagnosis 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 significant capital and resources to the Group's development of mainland medical business. The Group also received shares from China Life Insurance Group, the largest insurance company in China, and became the Group's largest shareholder, 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 Insurance is committed to improving the social security system and expanding from traditional health insurance to “big health” in health management and health services. Joining the Group this time is an important step for China Life Insurance to advance its big health strategy. Gathering talents for professional management The Group has foreign medical standards, and is familiar with the mainland system and people's conditions, and can use this advantage to introduce Hong Kong's medical system into the mainland. China's medical market is at a turning point of major reforms, ushering in a large number of new investment and business opportunities for private institutions. With years of deep medical experience in Hong Kong, China, the Group has strong professional knowledge, medical management system and professional management team. These foundations are an unrepeatable foundation for the Group to enter the Chinese medical market. We also attach importance to management and training, arrange for doctors from China and Hong Kong to exchange and learn with 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 care and related management services to the mainland medical market. The Group has developed from a traditional clinic to a comprehensive and lifestyle medical service provider. Using a vertically integrated operating model, it combines services such as hospitals, pharmaceuticals, doctor management and training, medical beauty, mobile medical care, etc., to connect businesses and customers, improve operational efficiency, and realize the development concept of the big health industry.