Shanghai Bao Pharmaceuticals Co., Ltd.

Founded in December 2019 with a registered capital of RMB 37 million, Bao Pharmaceuticals is a biopharmaceutical company integrating drug R&D and production. The Company has 37000 m2 of land in Luodian Industrial Park, Baoshan District, designated for construction of commercialization facilities in line with GMP requirements and suitable for producing cbiological products including recombinant protein drugs. With a total investment of over RMB 900 million, the new project`s gross floor area is about 75,000m2, including 16,000m2 of mammalian expression recombinant protein drug substance workshop, 11,000m2 of microbial expression recombinant protein drug substance workshop, 2,300m2 of drug product workshop, 3,200m2 of quality inspection center 6,400m2 of warehouse, and more than 6,000m2 of R&D center. The construction project has been commenced now, and will be put into operation within 2 years.