Ping An Biomedical Co., Ltd. (NASDAQ:PASW) (hereinafter referred to as "Ping An Biomedical") announced that it has formally signed a strategic cooperation agreement with Yuan Sheng Mei Yan Health Services (Hainan) Co., Ltd. (hereinafter referred to as "Yuan Sheng Mei Yan"). Under the agreement, Yuan Sheng Mei Yan will serve as a channel development service provider for Ping An Biomedical. The two parties will engage in deep cooperation in the broader health and wellness services market, with a shared goal of achieving cumulative sales of RMB 500 million within three years.

Under the cooperation arrangement, Yuan Sheng Mei Yan will leverage its comprehensive capabilities in health management, wellness services, and high-end customer operations to assist Ping An Biomedical in expanding product channels, promoting market outreach, and facilitating terminal service implementation. Ping An Biomedical, in turn, will draw on its strengths in biotechnology, health products, and research and development to provide product supply and technical support, helping both parties build a synergistic system spanning products, services, and market conversion.

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