Uni Bio Science : and Global Cosmetics (China) Company Ltd. announce a joint investment in the development of new skincare raw materials with competitive market advantages

Uni-Bio Science Group Limited and Global Cosmetics (China) Company Ltd. announce a joint investment in the development of new skincare raw materials with competitive market advantages

Uni-Bio Science Group Limited together with its affiliates (collectively referred to as "Uni Bio Group" Stock Code 690) and Global Cosmetics (China) Company Ltd.

("Global Group") and its wholly-owned subsidiary 宝 萃生 物科技 有限公 司 (Green Biotechnology Company Ltd. ) (hereinafter "Green Bio"), are happy to announce their joint cooperation and investment to develop new competitive and effective skincare raw materials, to be used widely in a variety of areas including medical cosmetology, functional skincare and high-end skincare.

In the post pandemic era, the growth of the functional skincare market is very high and the market potential is vast. According to the "2021 China Functional Skin Care Industry Research Report" released by iResearch Consulting Group ("iResearch"), the functional skincare industry has reached 26.01 billion yuan, and in the next three years, will continue to increase with an average annual compound growth rate of 29.4% and reach 58.97 billion yuan in 2023. According to a study by iResearch on users of functional skincare, over 60% of users have bought Chinese manufactured functional skincare products, the remaining of which are split between French and Japanese.

As the State Food and Drug Administration's attitude towards the use of cosmetic raw materials gradually begins to open in 2020, China's functional skincare industry has received support. In addition, in February 2021, the Chinese government issued "Regulations on Supervision and Administration of Cosmetics" with corresponding legislation on "Administrative Measures for the Registration and Filing of Cosmetics", leading to product efficacy and safety supervision becoming more stringent, which in turn has played a positive role in promoting the creation and innovation of Chinese

functional skincare brands. With the Chinese policy strongly supporting the development of its own brands and expanding domestic demand, the R&D and innovation environment for the functional skincare industry is generally favorable. Under this policy environment, Uni Bio Group with a background in pharmaceutical R&D, and Global Group with a background in R&D and sales of daily cosmetics, are eager to adapt to market demand and hope to take advantage of the above trends through mutual cooperation, laying a solid foundation in the market for producing functional skincare products and upstream raw materials.

Looking at the global functional raw material market, the ingredients with the highest proportions are plant extracts, biotechnology and synthetic active substances. In recent years, the penetration rate of peptides has also continued to increase. Studies show that the above 4 main groups of functional raw materials account for 80% of the functional raw materials market. The cooperation between Uni Bio Group and Green Bio covers biotechnology, synthetic biology, and peptides, mainly comprising of the production of the 5 functional raw materials, including collagen, fibronectin, beauty peptides, probiotics, and exosomes. The five types of raw materials can be used in the field of medical cosmetology and functional skincare. The material composition is safe, with high efficacy and wide application potential.

"Global Group and Green Bio already have their own plant extraction and carrier packaging platform. I am honored to start the development of upstream high-end technology and raw materials with Uni Bio Group and the help of its R&D capabilities and biotechnology platform, to start research on biotechnological functional active substances. Through this cooperation, Global Group will be fully covered in the research and development of the main categories of functional ingredients, and can realize a closed loop of the complete supply chain of the development of functional skincare products from research and development of functional raw materials, high-

end formulation research and development, to quality product manufacturing; thus establishing advanced international technical barriers, to provide differentiated market competitive advantages for cosmetic brand customers" said Dr. Tang Haiyi, Chief Scientific Officer of Green Bio, Global Group.

"Via this cross-border cooperation, Uni Bio will be able to expand its business scope to areas outside the pharmaceutical field, where Uni Bio Group will be able to apply its advanced scientific research technology into the broad market of fast-moving consumer goods to the benefit of mass consumers. This will be able to bring the company new and sustainable business returns in the future." - said Mr. Kingsley Leung, Chairman of the Uni Bio Group.

About Uni-Bio Science Group Limited

Uni-Bio Science Group Limited is principally engaged in the business of drug research and development, manufacturing and distribution. Uni Bio Group's R&D Center is equipped with a complete system for the research and development of genetically engineered drugs, and has a pilot plant and quality control system that meets the requirements of the National Medical Products Administration. Uni Bio Group also has two production bases in Beijing and Shenzhen that comply with the latest cGMP standards. At the same time, the group also has an efficient commercialization platform and marketing network. The group focuses on the research and development of innovative therapeutic drugs for diabetes, osteoporosis and other endocrinology, ophthalmology and dermatology departments. For more details, please visit the official website of Uni Bio Group: www.uni-bioscience.com/

About Global Cosmetics (China) Company Ltd.

Global Group is one of the leading manufacturers of skincare products, cosmetics, and personal care products in China and Hong Kong; a nationally certified high-tech

enterprise; strong scientific research, strict quality assurance, advanced production facilities, and perfect after-sales service. In the creation of high-quality beauty products, the world of beauty is achieved! Its wholly-owned subsidiary, Green Bio, is a high-tech enterprise specializing in the research and development, technical services, production and sales of skin active ingredients, innovative formulas and in vitro efficacy evaluation methods. It specializes in the development of natural plant extracts, carrier packaging and functional compounding of raw materials and high-end skincare formulas.

For more details, please visit the official website of Global-cosmetics: www.global- cosmetics.com/ www.gboem.com