Huahai Pharmaceuticals has invested in establishing a new company with a retail drug business.

According to the Qi Cha Cha app, recently, Linhai Huahai Pharmacy Co., Ltd. was established, with Ma Wang as the legal representative. Its business scope includes: retail of pharmaceuticals; sales of health care products; sales of Class I medical devices; sales of Class II medical devices, etc. The equity penetration shown by Qi Cha Cha indicates that the company is fully owned by Zhejiang Huahai Pharmaceutical Sales Co., Ltd., a subsidiary of Huahai Pharmaceutical Industry.