Yunnan Wenshan Kunqi Pharmaceutical Co., Ltd.

Our company (Yunnan Wenshan Kunqi Pharmaceutical Co., Ltd.) was founded in 1998 and is located in Yanshan County, Wenshan Zhuang and Miao Autonomous Prefecture, the "Hometown of Wenshan Notoginseng". It has a registered capital of RMB 15.2 million and has a GMP standardized production plant and workshop. It is a member of the Wenshan Notoginseng Industry Association and the Wenshan Notoginseng Alliance. The company was founded more than 20 years ago, based on the Wenshan Panax notoginseng industry, and has been committed to the development and promotion of traditional Chinese medicine. In 1999, it launched the "Kunqi Brand Panax notoginseng ultrafine powder" series of products to promote the company's standard production process after certification, and became the industry standard for the "Panax notoginseng ultrafine powder" production process. For many years, the company has been serving its peers and exported its products and raw materials of Panax notoginseng to Japan, the United States, Vietnam and other Southeast Asian countries. The products have been recognized by peers at home and abroad. It has also obtained the "Origin Landmark Certification" and "Wenshan Panax notoginseng Brand Certification Authorization" for Wenshan Panax notoginseng, and is a "4A Credit Enterprise" in the company's location. In July 2015, the company was approved to be listed on the New OTC Market (stock code: 832952). It was the first private enterprise in the Panax notoginseng industry to enter the capital market in Wenshan Prefecture. In January 2019, the company raised capital through the capital market, completed the equity change, and formulated a new long-term development plan for the company. In July 2019, the company began to adjust its development direction and began to follow a development path belonging to Xinkun Qi around the core of "Wenshan Panax notoginseng". In August 2019, a wholly-owned subsidiary (Wenshan Kunqi Technology Co., Ltd.) was established, applied for and obtained an industrial hemp cultivation license, and started planting in April 2020.