The latest news, today, Sanofi and China Resources Sanjiu reached a strategic cooperation agreement to jointly develop the domestic consumer health market. On the same day of the same day, China Resources Sanjiu, which was listed on the Shenzhen Stock Exchange, issued the “Announcement on the Deep Cooperation with Sanofi in the Field of Consumer Health in Chinaâ€. According to the announcement, the two parties intend to establish a joint venture in China focusing on pediatric and gynecological over-the-counter products. To this end, China Resources Sanjiu will cooperate with Sunofei China Co., Ltd., a wholly-owned subsidiary of Sanofi (hereinafter referred to as “Sunstone Chinaâ€). Sign the Joint Venture Contract under the Framework Agreement (hereinafter referred to as the “Joint Venture Contractâ€). At the same time, China Resources Sanjiu will be responsible for the distribution and promotion of Yishanfu, one of Sanofi's global non-prescription drug flagship products, in the Chinese market; this cooperation will also become the platform for Sanofi Health Pharmaceuticals to list new products in China in the future. According to the announcement, China Resources Sanjiu will inject 100% of the wholly-owned subsidiary China Resources Sanjiu (Beijing) Pharmaceutical Co., Ltd. into the joint venture company, so that China Resources Sanjiu holds 70% of the registered capital of the joint venture; Sunstone China will join the joint venture company Injecting 100% equity of Sunstone Tangshan, so Sunstone China holds 30% of the registered capital of the joint venture company; after the completion of the above assets, the joint venture company will hold China Resources Sanjiu (Beijing) Pharmaceutical Co., Ltd. and Sunshi (Tangshan) Medicine 100% equity of Industry Co., Ltd.
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