China Jo Jo Drugstores Holdings Inc's Comment on Supply Chain
Jiuxin Medicine has purchased merchandise from Jiuzhou Pharmacy with annual amounts ranging from approximately $70 million to $90 million over the past three fiscal years. The recorded purchase amounts are $87,124,074 in Fiscal 2023, $76,989,329 in Fiscal 2024, and $75,322,378 for the eleven months ended February 28, 2025. After the Restructuring Transactions, Jiuxin Medicine entered into a three-year supply agreement with Jiuzhou Pharmacy and is expected to continue as a significant supplier. There have also been various fund transfers among Jiuxin Medicine, Jiuzhou Pharmacy, and other related entities. Additionally, PRC government controls on currency convertibility and remittance may impact the company's ability to pay dividends or meet foreign currency obligations.
China Jo Jo Drugstores Holdings Inc's Comment on Supply Chain
Jiuxin Medicine has purchased merchandise from Jiuzhou Pharmacy with annual amounts ranging from approximately $70 million to $90 million over the past three fiscal years. The recorded purchase amounts are $87,124,074 in Fiscal 2023, $76,989,329 in Fiscal 2024, and $75,322,378 for the eleven months ended February 28, 2025. After the Restructuring Transactions, Jiuxin Medicine entered into a three-year supply agreement with Jiuzhou Pharmacy and is expected to continue as a significant supplier. There have also been various fund transfers among Jiuxin Medicine, Jiuzhou Pharmacy, and other related entities. Additionally, PRC government controls on currency convertibility and remittance may impact the company's ability to pay dividends or meet foreign currency obligations.
Sources:
China Jo Jo Drugstores Holdings Inc's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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