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Cooperation Announcement

Cooperation Announcement

Hunan Kingti Bio-Tech Co., Ltd. signed a cooperation agreement and sales agreement with Sichuan Benepure Pharmaceutical Co., Ltd.

I. Condition Overview

Hunan Kingti Bio-Tech Co., Ltd. (hereinafter referred to as "Hunan Kingti", "Kingti") and Sichuan Benepure Pharmaceutical Co., Ltd. (hereinafter referred to as "Sichuan Benepure" "Benepure") signed cooperation and exclusive distributorship agreement in January 2018.

Sichuan Benepure will dispatch a technical team to guide Hunan Kingti in production. Hunan Kingti authorized Sichuan Benepure to sell their products exclusively in the world, including not limited to Hesperidin, Synephrine, Citrus flavonoids and etc.

II. Background of Benepure

Agreement partner: Sichuan Benepure Pharmaceutical Co., Ltd.

Business scope: R&D and provision of technical consultation for pharmaceutical technology and biological products (excluding medical and health activities); R&D of biotechnology; R&D and sales of chemical raw materials and products (excluding hazardous chemicals); import and export of goods and technology; R&D and sales (projects that are subject to approval according to the law and approved by the relevant departments can only be commercial).

Background: Sichuan Benepure Pharmaceutical Co., Ltd. is a Hi-Tech enterprise registered in Chengdu Free Trade Zone. It has a strong R&D and sales team dedicated to R&D, produce and customize natural plant extracts, APIs, intermediates, amino acids and derivatives. Benepure major in Citrus series (Hesperidin, Diosmin, Hesperidin Methylchalcone, etc.), Sophora series (Quercetin, L-Rhamnose, Troxerutin, etc.). Meanwhile, in the development project of Paclitaxel, Green Tea Extract (Catechin and Tea polyphenols), it has successfully entered the production and commercial stage.


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III. Agreement Content

1, Sichuan Benepure dispatch a technical team to guide Hunan Kingti in production.

2. Sichuan Benepure uses its strong sales network to exclusively sell Kingti’s products including but not limited to Hesperidin, Synephrine, and Citrus Bioflavonoids.

3. Sichuan Benepure is the only authorized distributor of Hunan Kingti. Hunan Kingti cannot sell their own products to third parties. Third parties can only purchase Kingti’s products from Sichuan Benepure.

4. Responsibility for breach of contract: If one breaches the agreement or obligation under the cooperation agreement, the defaulting party shall be responsible for compensation for direct and actual (but not subordinate or indirect) losses, damages, expenses, duties, and claims that non-defaulting parties may suffer from the noncompliance.

Hereby notice.

Sichuan Benepure Pharmaceutical Co., Ltd.

Board of Directors

January 2018

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