The board of directors of Kingworld Medicines Group Limited announced that the qualification review of the overseas store of Tmall Global "Kingworld Health Family" (the "Flagship Store") has been completed and the Store is expected to be officially launched at the end of January 2021. The Store will be operated by the Company's wholly-owned subsidiary, Kingworld Medicine Healthcare Limited. It is intended that the Store will serve as a business-to-consumer cross-border online sales platform and offer pharmaceutical and healthcare products registered in Hong Kong, including well-known Hong Kong cough products (including convenience packs), eye care products, digestive aids, nourishing products, nutritional products and other well-known pharmaceutical and healthcare products to consumers directly. The Board believes that the launch of the Store will increase brand awareness of the Group, deepen market penetration, and satisfy the demand for high-quality pharmaceutical and healthcare products of consumers and will be beneficial to the Company and its shareholders as a whole.