Angel Biologics Group Co., Ltd. (referred to as "Angel Group") jointly established Hubei Magic Health Technology Co., Ltd. (referred to as "Angel Health") with two biopharmaceutical companies to expand its industrial territory to comprehensive healthcare. Create a new industrial pattern in the field.
On November 11, 2021, Angel Group entered into an agreement with Hangzhou Sino-US Huadong Pharmaceutical Co., Ltd. (referred to as "Sino-US Huadong"), a wholly-owned subsidiary of Huadong Pharmaceutical Co., Ltd. (referred to as "Huadong Medicine"), and Zhejiang Huan in Yichang City, Hubei Province. Huida Biotechnology Co., Ltd. (referred to as "Huida Biotechnology") signed a cooperation agreement to jointly establish "Magic Health". According to the agreement, "Magic Health" will focus on promoting the research and development, production and sales of health products such as nutritional and health food raw materials and personal care functional raw materials based on microbial technology in the future. "Used to build production bases and facilities for functional food and personal care functional raw material products, the construction content includes R&D centers, production workshops, warehousing and energy power facilities, environmental protection processing facilities, etc. On December 1, Hubei Magic Health officially Business licenses have been obtained, and related construction projects have started one after another.
At the signing ceremony of the cooperation, Xiong Tao, Secretary of the Party Committee and Chairman of Angel Group, said: In today's era, people's health awareness has increased; the new crown epidemic has greatly inspired people to The importance and desire for health. The big health industry has grown rapidly in recent years and ushered in unprecedented opportunities and development prospects."
He said: "Angel Group joins hands with Huadong Medicine, Sino-American Huadong and Huida Biotech to enter the field of life health. , is a new breakthrough in the industrial development of Angel Group, and will also become a milestone event. We firmly believe that Angel’s cooperation with these three outstanding companies in the industry will definitely give full play to the strengths of all parties in product research and development, technological innovation, and production. Advantages in manufacturing and quality certification have made 'Magic Health' a backbone in the domestic health industry." Lu Liang, chairman of
Huadong Medicine, said: "Angel Group is an international industry leader with advanced microbial fermentation experience. .This time the powerful forces join forces to jointly explore a new blue ocean of industrial microorganisms and seek new breakthroughs in the field of health industry. The joint venture company Magic Health will become the first industrialization platform in the field of medical industrial microorganisms in East China except the pharmaceutical field, and is committed to achieving In the field of industrial microorganisms, we have a bright development vision to create an 'industrialized, large-scale and international' industrial microbial industry cluster."
The business scope of "Magic Health" will include the production and sales of food, health food, infant formula, special medical formula, food additives; technology development, technical services, etc.
The registered capital of "Magic Health" is RMB 250 million, of which Angel Group contributed RMB 100 million in cash, accounting for 40% of the capital; Zhongmei Huadong contributed RMB 100 million in cash, accounting for 40%; Hui DaBio invested 50 million yuan in the form of technical pricing, accounting for 20% of the investment. The project "Functional Health Products Green Manufacturing Project (New)" was constructed in three phases, with a total planned investment of more than 1.2 billion yuan.
