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People's Pharmacy Chain Co., Ltd

Tongliao Zeqiang is one of the largest pharmaceutical retail enterprises in Tongliao City, Inner Mongolia, and Zeqiang Pharmaceutical is a distributor of local medical institutions. Zeqiang Pharmaceutical, formerly known as Tongliao Zeqiang Pharmaceutical Co., Ltd., was jointly established by Li Jun and Chen Xiumei in June 2010. In addition to providing warehousing and distribution services for Tongliao Zeqiang, it also provides drug distribution services to medical institutions in Tongliao. It has now developed into the second largest distributor of medical institutions in Tongliao, with customers covering a total of 24 hospitals at or above the second level in Tongliao, 4174 health centers, and nearly 2000 clinics and clinics.

In 2017, People's Pharmacy Chain Co., Ltd. (referred to as "People") acquired 51% equity of Tongliao Zeqiang Pharmacy Chain Co., Ltd. (referred to as "Tongliao Zeqiang") and indirectly controlled Zeqiang Pharmaceutical and Xing'an League Zeqiang. The common people will use the Tongliao market as a base to further expand the Inner Mongolia and Northeast markets and enhance profitability.

The People's Pharmacy is an influential pharmaceutical retail enterprise in China. It is the champion of China's top 100 pharmaceutical retail enterprises in terms of comprehensive competitiveness, one of China's top 500 service industry enterprises, one of China's top 100 chain enterprises, and one of Hunan Province's top 100 enterprises. Since its establishment in 2001, it has successfully developed 22 provincial markets such as Hunan, Shaanxi, and Zhejiang, with over 4800 stores, total assets of 9.4 billion yuan, more than 20000 employees, and sales revenue of over 10 billion yuan. It has developed into one of the largest pharmaceutical listed chain enterprises in China with the largest business scale and the largest coverage of provinces.