Shanghai Haohai Biological Technology (688366.SH) Plans to Acquire 19.8% Stake in Ruiji Biotechnology

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Shanghai Haohai Biological Technology Co., Ltd. (688366.SH) announced its intention to acquire 8.4661 million shares, representing a 19.8% stake, in Jiangxi Ruiji Biological Engineering Technology Co., Ltd. ("Ruiji Biotechnology") for RMB 38.3515 million in self-raised funds. The shares are currently held by Miao Jiuchang and Miao Chunyun.

Founded in 2002, Ruiji Biotechnology specializes in the production and sales of biological amniotic membranes. Its core products include concave-convex amniotic membrane products, biological orthopedic amniotic membrane products, and wet-state biological amniotic membrane products. These fall under China's Class III medical device category and are primarily used in orthopedic and ophthalmic applications, such as tendon injury repair, ocular surface burn/trauma treatment, and lacrimal duct obstruction support.

The acquisition will grant Haohai distribution rights for Ruiji's products in China, enabling its entry into the high-value biological amniotic membrane medical device sector. This move complements Haohai's existing product portfolio while expanding its presence in ophthalmology and orthopedics.

Additionally, Ruiji's proprietary amniotic membrane materials possess human-derived biological characteristics, which will provide crucial technological and material foundations for Haohai's research and development in regenerative medicine and tissue engineering. This strategic investment is expected to drive future product innovation and technological upgrades.

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