AnPac Bio-Medical Science (NASDAQ: ANPC), a company with operations in the United States and China focused on early cancer screening and detection and entering into the operation of a business-to-business e-commerce food platform focused on the sale of Asian sourced food products, has announced an asset purchase agreement. The agreement is with Easy Hundred Inc., a U.S.-based e-commerce company in the food-service industry. According to the agreement, AnPac is set to acquire fixed assets of Easy Hundred and Easy Hundred’s intellectual property specifically related to ez100 I, a restaurant supply e-commerce platform; 2Supply, an online marketplace for restaurant suppliers and operators; and 100WAY, which focuses on restaurant reviews and discounts and offers offering effective marketing approaches for restaurants to connect with their customers. The announcement noted that assets include a full set of e-commerce platform source codes, websites, apps, and management systems. “Easy Hundred has some significant shareholders, such as the well-known technology company Menusifu, and has received investments from Amino Capital, Himalaya A Fund III LP, and other institutional investors in the past,” said AnPac Bio-Medical Scienceco-CEO Haohan Xu in the press release. “The acquisition of Easy Hundred’s assets is a strategic initiative to accelerate our business growth in the U.S. food market. Easy Hundred’s one-stop restaurant supplies wholesale platform ez100, online marketplace 2Supply, and restaurant reviews and discounts app 100WAY will provide us with a strong foundation for our business development and expansion in the U.S.”
To view the full press release, visit https://ibn.fm/MLrjF
About AnPac Bio-Medical Science Co. Ltd.
AnPac Bio is a biotechnology company focused on early cancer screening and detection, with 155 issued patents as of June 30, 2022. With two certified clinical laboratories in China and one CLIA- and CAP-accredited clinical laboratory in the United States, AnPac Bio performs a suite of cancer-screening and detection tests, including Cancer Differentiation Analysis (“CDA”), biochemical, immunological and genomics tests. The company is entering the business-to-business e-commerce food business with the formation of its wholly owned subsidiary Fresh2 Technology and the acquisition of Fresh2 Ecommerce Inc. For more information about the company, visit www.AnPacBio.com.
NOTE TO INVESTORS: The latest news and updates relating to ANPC are available in the company’s newsroom at https://ibn.fm/ANPC
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