Full Press Release Details
China Jo-Jo Drugstores Completes Redomiciliation
HANGZHOU, China, July 30, 2021 /PRNewswire/ -
China Jo-Jo Drugstores, Inc. (NASDAQ: CJJD) ("Jo-Jo Drugstores" or the "Company"), a leading online and offline
retailer, wholesale distributor of pharmaceutical and other healthcare products and healthcare provider in China, today announced
that the redomiciliation merger to redomicile the Company as a Cayman Islands company (the "Redomiciliation Merger") has been
Pursuant to the Redomiciliation Merger, each outstanding
share of the common stock of the Company was converted into the right to receive one ordinary share of China Jo-Jo Drugstores, Inc., a
Cayman Islands company ("CJJD Cayman"). The ordinary shares of CJJD Cayman are listed on the NASDAQ Capital Market under the
trading symbol "CJJD," the same symbol under which the common stock of the Company was listed.
About China Jo-Jo Drugstores, Inc.
China Jo-Jo Drugstores, Inc. ("Jo-Jo Drugstores"
or the "Company"), is a leading online and offline retailer and wholesale distributor of pharmaceutical and other healthcare
products and a provider of healthcare services in China. Jo-Jo Drugstores currently operates an online pharmacy and retail drugstores
with licensed doctors on site for consultation, examination and treatment of common ailments at scheduled hours. It is also a wholesale
distributor of products similar to those carried in its pharmacies. For more information about the Company, please visit http://jiuzhou360.com.
The Company routinely posts important information on its website.
Forward-Looking Statements
This press release contains information about
the Company's view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may
differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including,
but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow
its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new
products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services,
marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions,
dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary
to meet the requirements of its clients, and its ability to protect its intellectual property. The Company's encourages you to review
other factors that may affect its future results in the Company's annual reports and in its other filings with the Securities and Exchange
For more information, please contact:
Chief Financial Officer
Investor Relations Contact:
Ascent Investor Relations LLC