Based on its SBDD strategy, Viva Biotech has achieved remarkable growth in its CRO drug discovery and development business through its continuous effort throughout the years. In particular, Viva Biotech has established its global leading position in the biopharmaceutical industry with its development in the field of protein structural analysis. Since its listing, Viva Biotech has successfully completed the mergers and acquisitions of SYNthesis and Langhua Pharmaceutical, and achieved synergy effects in the construction of an integrated platform for the research, development and manufacturing of CRO and CDMO products. Through the concerted effort of internal expansion and external partnerships, Viva Biotech's revenue hit a record-high, from approximately RMB 323 million in 2019 to approximately RMB 2.38 billion in 2022, representing a compound annual growth rate of approximately 94.57% during this period. And its gross profit increased from approximately RMB 156 million to approximately RMB 816 million in 2022, representing a compound annual growth rate of approximately 73.61%. This financing will contribute to Viva Biotech in its introduction of strategic investors, as well as in its future A-shares listing plan. This proved Viva Biotech's effective integration of its intrinsic advantages and capital empowerment, demonstrating its forward-thinking approach and ambitious goals.

Dr. Cheney Mao, Chairman and CEO of Viva Biotech, stated, "It is our great honor to introduce renowned strategic investors who will furnish and enhance our key strategic decisions and long-term investment and financing plans. Despite the recession in investment and financing, we are able to secure investment from established institutions, by virtue of our pioneering spirit and continuous innovation in the past. This demonstrates the market's recognition of our business foundation and confidence in our development prospect. Furthermore, the commitment to our goal of A-shares listing and the valuation premium from A-shares compared to HK stock market will facilitate the financing needs for our future development. in addition, our plan to increase executive share ownership and provide Employee Stock Ownership Plan (ESOP) to the core team members will revitalize Viva and open up new opportunities for our long-term growth."

Furthermore, HLC stated, "Based on a thorough analysis of the development features of the biopharmaceutical industry, the operation rules of the capital market, and the unique attributes of Viva Biotech, upon our in-depth and sincere discussion and research with Viva Biotech's management team, the investment in Viva Biotech is a transaction for the enhancement of overall development and realization of value of the Company, as well as an improvement plan on corporate governance system. We hope that through our joint efforts, Viva Biotech will further unleash its value through its world-leading structure-based new drug discovery service platform and other business segments, meet global customers' needs by providing integrated 'CRO+CDMO' services and realize stable and long-term growth."