GUSHENGTANG (02273) reached a strategic cooperation with Meituan Medical to make rich and high-quality traditional Chinese medicine services "within reach".

Drink health tea, apply Sanfu paste, massage and cupping, visit traditional Chinese medicine night market... Young people who focus on health and wellness are driving the further "breaking of boundaries" of traditional Chinese medicine culture. On September 11, GUSHENGTANG (02273) reached a strategic cooperation with Meituan Medical. More than 70 traditional Chinese medical institutions under GUSHENGTANG and over 30,000 traditional Chinese medicine practitioners will fully join Meituan, providing users with appointment registration and online consultation services. The two parties will also cooperate in areas such as co-branded membership cards and providing traditional Chinese medicine services to corporate clients, helping to digitalize, rejuvenate, and integrate traditional Chinese medicine health services, further improving the accessibility and efficiency of traditional Chinese medicine services, making high-quality traditional Chinese health services "accessible." According to the "2023 Statistical Bulletin on the Development of China's Health Services" recently released by the National Health Commission, the total number of outpatient visits to traditional Chinese medicine health institutions nationwide reached 1.54 billion in 2023, an increase of 310 million (a growth of 25.3%) compared to the previous year. In recent years, the trend of rejuvenating the wellness economy has become increasingly prominent. Consumers aged 20-35 on Meituan account for over 66%, with Guangzhou, Shanghai, Shenzhen, Hangzhou, and Beijing ranking among the top five cities in wellness consumption "heat index." With the trend of health and wellness, the renowned traditional Chinese medicine service chain management company GUSHENGTANG has partnered with Meituan Medical to promote the high-quality development of traditional Chinese medicine health services. Prior to this, GUSHENGTANG has used "Internet + medical" to create an integrated "online + offline" platform, bringing top medical resources to remote areas where residents can consult and follow up with renowned doctors through their phones without leaving their homes. This cooperation will further enhance the digital capabilities of traditional Chinese medicine services. Under the cooperation agreement, GUSHENGTANG will upgrade the digital cooperation on the supply side with Meituan Medical to create an online "convenient clinic." On one hand, over 70 traditional Chinese medical institutions under GUSHENGTANG and more than 30,000 traditional Chinese medicine practitioners will gradually join Meituan, offering online registration and consultation services on Meituan and Dianping apps, providing platform users with guarantees of expert consu...