New York, March 20, 2020 (GLOBE NEWSWIRE) -- BOQI International Medical Inc. (NASDAQ: BIMI) (“BIMI” or the “Company”) today announced that its wholly-owned subsidiary, Chongqing Guanzan Technology Co., Ltd. (“Chongqing Guanzan”), has entered into a $19 million medical device purchase agreement with Shandong Forward Medical Group Co., Ltd. (“Shandong Forward Medical”).
Under the terms of the agreement, Shandong Forward Medical agreed to purchase 90,000 medical isolation gowns, 100,000 disposable protective coveralls, 18 Philips CT machines, 500 noninvasive ventilators, 15 digital radiography systems and 55 digital laryngoscopes (the “Medical Devices”) from Chongqing Guanzan. The aggregate purchase price to be paid is RMB 137,885,000 (estimated at $19,648,735). Chongqing Guanzan shall follow the shipping instructions provided by Shandong Forward Medical and deliver the Medical Devices after the payment is made.
"Supporting the well-being of our customers and removing barriers to care are among our key areas of focus as we stem the spread of COVID-19," said Mr. Tiewei Song, Chief Executive Officer and President of BOQI International Medical Inc. "As a health care company, we must do our part to help reduce the secondary risks such as shortage of medical devices. We are committed to working closely with our suppliers and logistics partners to ensure the quality and delivery of our products. "
About BOQI International Medical Inc.
BOQI International Medical Inc. (formerly known as NF Energy Saving Corporation) (NASDAQ: BIMI) was founded in 2006. In February 2019, the Board of Directors of the company was reorganized following efforts led by Mr. Yongquan Bi, the company’s new Chairman, with a renewed focus on the health industry. The company is now transforming from a provider of integrated energy conservation solutions utilizing energy-saving equipment, technical services and energy management re-engineering project operations to a medical and health service provider. BOQI International Medical Inc. offers a broad range of consumer-directed health products and related services, including medical, pharmacy and behavioral health plans, chronic disease management services, and health information technology products and services. BOQI International Medical Inc. is community-based and locally focused, engaging consumers with more affordable, accessible, simple and seamless care they need when and where they need it.
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