Recently, Qingdao Municipal Private Economic Development Bureau announced the list of Qingdao fledgling eagle enterprises to be recognized in 2022, and a total of 486 enterprises were shortlisted. This is the first time that Qingdao has cultivated and recognized a fledgling eagle enterprise, and Hengning Biology, a subsidiary of the Group, has been successfully shortlisted!

Young eagle enterprises refer to high-quality and high growth small and medium-sized enterprises that are expected to grow rapidly into gazelle enterprises and unicorn enterprises. They focus on "four new" economic enterprises with strong innovation capabilities in products, services, technologies, business types, etc. They are the important driving force to promote high-quality economic development and the primary link to build a high-quality small and medium-sized enterprise cultivation echelon.

Hengning Biotech was listed in the first batch of young eagle enterprises in Qingdao this time, which is highly recognized and affirmed by the Qingdao municipal government and the industry for the high-quality and rapid development of Hengning Biotech. In the future, Hengning Biotech will take the opportunity of being shortlisted as a young eagle enterprise, continue to adhere to the requirements of high-end, intelligent and green development, benchmark the business management concept and international standards of multinational companies, constantly improve innovation ability and business strength, and help the high-quality development of regional economy.