Ban Loong Jacobson JBM Pharma Limited

Ban Loong Jacobson JBM Pharma Limited (the "Joint Venture") was formed as a joint venture between Ban Loong Holdings Limited, Jacobson Pharma Corporation Limited, and JBM (Healthcare) Limited. The Joint Venture will focus on in-licensing specialty pharmaceuticals (including orphan drugs), over-the-counter medicines, branded healthcare products (including herb-based products) and medical devices, and the sales and distribution of the products to Greater China and selected markets in Asia. The Joint Venture will also explore merger and acquisition opportunities.