Zhongchao Inc. (NASDAQ: ZCMD) ("Zhongchao" or the "Company"), a platform-based internet technology company offering services to patients with oncology and other major diseases, today announced that that Chongqing Xinjiang Pharmaceutical Co., Ltd. ("Xinjiang Pharmaceutical"), one of the China operating entities, of which the Company consolidates the financial results with through certain contractual arrangements, obtained the general distribution rights in Mainland China for anti-influenza drug from Natco Pharma Limited ("Natco"). Natco is a vertically integrated and R&D focused pharmaceutical company in India. The first batch of cargo has arrived at the port in Chongqing City, and the drug will be introduced to the market for domestic treatment and prevention of Type A and Type B influenza viruses after the inspection and quarantine.

The anti-influenza drug introduced by Xinjiang Pharmaceutical is Naiditawei®, commonly known as Oseltamivir Phosphate Capsules (the "Capsule"). Oseltamivir Phosphate is approved by FDA in United States for the treatment of flu (influenza Type A and Type B).  The Capsule introduced by Xinjiang Pharmaceutical will be available in 75mg, 45mg and 30mg sizes to ensure accurate dosage for patients. The Capsule can be used by children, teenagers and adults with Type A and Type B influenza. In addition, the Capsule can be taken with water or other beverages for easier consumption to improve patient compliance. The Capsule belongs to Medical Insurance Category B products in China, which is covered by medical insurance, and it is one of the national anti-influenza reserve drugs.

Weiguang Yang, Chairman and Chief Executive Officer of Zhongchao, commented, "the registration and listing of foreign drugs in China is an important means to address the clinical needs of patients. With the gradual ease of the pandemic prevention and control policy in China and the superimposed epidemic of Covid-19 and influenza, the demand for related therapeutic drugs is huge. We plan to introduce more batches of oseltamivir phosphate capsules this year. We intend to access the end retail market through offline retail channel of hospitals, partner pharmacies and distribution teams, and online channel of the pharmaceutical 2B2C (to-business & to-consumer) procurement platform of our Zhixun Internet Hospital. We expect to continue seeking partnerships with more oversea suppliers for quality and reliable medicines, and improving our distribution channels to better and more quickly fulfill the needs of patients in China."