Press Conference for Constructing the International Innovation Demonstration Zone for Life Science & Bonus Cashing

On August 14, 2017, the "Press Conference for Constructing the International Innovation Demonstration Zone for Life Science & Bonus Cashing" was held in Yantai Accounting Training Center. Ms. Lin Ping (Deputy General Manager of Zhenghai Bio-tech) attended this conference, and also accepted (on behalf of the company) the bonus presented by Zhang Dailing (Deputy Mayor). According to the 2017 Yantai Pharmaceutical and Medical Device Innovative Product Incentives, seven enterprises engaged in the pharmaceutical and medical device industry citywide were selected on the list of innovation incentives, and our company also won the incentive for its innovation performance of realizing the industrialization of bone repair materials for two years. 

With an emphasis laid on the spirit of "Opinions of National and Provincial Authorities on Accelerating the Conversion of Old & New Kinetic Energies and Promoting Healthy Development of Pharmaceutical Industry", a conception of constructing the international innovation demonstration zone for life science was put forward at the conference. Zhang Dailing (Deputy Mayor of Yantai) made an important speech, and also gave instructions on the development goal: by the end of the 13^th Five-Year Plan, the main business revenue of pharmaceutical and healthcare industry exceeded RMB100 billion citywide, with an average year-on-year growth of over 15%. Great efforts have been exerted on promoting the rapid rise and development of bio-medicine industry in Yantai, as well as on setting up a city image of Yantai as the international innovation demonstration zone for life science, thus making "Innovative and Effective Medicines Made in Yantai" a new business card for Yantai. 

Li Wei (Director of Yantai Food and Drug Administration) made a detailed introduction about the construction of an international innovation demonstration zone for life science in Yantai, and the progress of preparations for 2017 International Conference for Pharmaceutical Innovation and Development. 

Li Wei praised Zhenghai Bio-tech for its No.1 market share of oral rehabilitation products nationwide, and also pointed out that, the leading enterprises and those winning single-item champions (including Zhenghai Bio-tech) within the industry played important supporting roles in the construction of an international innovation demonstration zone for life science in Yantai. 

By virtue of the favorable policy, Zhenghai Bio-tech is provided with greater opportunities as well as challenges. Zhenghai Bio-tech members will make persistent efforts to achieve constant innovation, and contribute new strength in leading the rapid development of regenerative medicine industry!