Bishengyuan Holdings Limited (the “Company”) was established in September 2000 and listed on the main board of the Hong Kong Stock Exchange in September 2010 (stock code HK00926). Bishengyuan Holdings Co., Ltd. and its subsidiaries (collectively, the “Group”) are leading suppliers of functional health teas in the People's Republic of China (“China”), mainly engaged in research and development, production of health products, and sales and promotion of pharmaceuticals and foods. The Group uses “one vertical and two horizontal” as its guideline: one vertical means focusing on herbal plants and health and wellness; two horizontal refers to expanding new businesses in the fields of “weight loss and weight management” and “intestinal cleansing and gastrointestinal health.” For more than 20 years, the Group has produced and sold Bishengyuan brand Changrun tea and Bishengyuan brand Changjing tea (formerly “Bishengyuan brand weight loss tea”) (collectively known as “two teas”) based on the concept of “herbal, healthy, and functional tea”. The Group continues to be deeply involved in the two tea business and has successively launched a series of functional tea products such as Bishengyuan brand fiber tea and Bishengyuan brand Qingyuan tea (collectively known as “four teas” with two teas). In recent years, the Group has also launched Bishengyuan brand orlistat diet drugs and a series of products to meet consumer needs, such as nutritional meal replacements, probiotics, and enzymes. All four teas in the Group are developed, prepared, and produced according to scientific standards using natural Chinese herbal medicines and tea leaves to provide safe, effective, easy to use, and affordable health care products for people with needs for bowel relief and weight management, or whose health and quality of life are moderately affected by them. The Group's four tea production base is located in Fangshan District, Beijing. The plant and production process meet national GMP standards. The production workshop is fully managed, and the granulation workshop and inner packaging workshop are all 100,000-grade clean areas. The Group's four tea products have all passed ISO9001, ISO22000, and HACCP system certifications. The main production equipment is the C24 high-speed tea bag model introduced from IMA in Italy. It has a specially designed “cotton crew knot” to connect the tea bag to the tag. The inner and outer bags are formed once, and the entire packaging process is automatically completed.