The board of directors of Gaush Meditech Ltd. announced that, previously, Gaush Medical Corporation entered into a distribution agreement with HAAG-STREIT AG (HAAG-STREIT), a company established in Switzerland, regarding the distribution of certain diagnostic medical devices including but not limited to, full-line series No. 900 slit lamp microscopes, LENSTAR 900 optical biometer and Octopus 900/600 perimeter. Certain subsidiaries of the Company were officially granted with exclusive rights to market, sell and distribute the Medical Devices of HAAG-ST REIT in Chinese mainland for an initial term commenced from March 7, 2023 and until December 31, 2025, the extension of which is subject to further negotiation between Gaush Medical Corporation and HAAG-STREit.

The Group will work closely with HAAG-ST REit to continuously make advanced ophthalmic medical devices for diagnostics and examination, to actively promote the innovation and development of ophthalmic medical devices in China, and to jointly contribute to the development of ophthalmic medical industry of China.