AnPac Bio (NASDAQ: ANPC), a company with operations in the United States and China, is engaged in early cancer screening and detection and plans to enter into the operation of a business-to-business e-commerce food platform focused on the sale of Asian-sourced food products. The company today announced the closing of the acquisition of GISN (HK) LIMITED (“GISN”), a technical solutions and outsourcing consulting services provider focused on the digital, internet and Web 3 business transformation for start-ups and traditional enterprises. The acquisition is a critical initiative for AnPac Bio to improve the efficiency of its e-commerce operations. “We are pleased to announce closing of this acquisition and expect to see the positive impact of GISN’s expertise on the development of our e-commerce business,” said Haohan Xu, co-CEO of ANPC. “This transaction is the result of a deliberate and thoughtful process. We evaluated the transaction against our standalone prospects in the current macroeconomic climate and determined that the compelling capabilities of GISN will enhance our company’s prospects. Leveraging on the competitive strengths of GISN, we believe that we are well-positioned to enter and expand our e-commerce business efficiently. We believe this transaction will create long-term values for our shareholders.”
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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 CDA (Cancer Differentiation Analysis), bio-chemical, immunological, and genomics tests. The company intends to enter the business-to-business e-commerce food sector with the formation of its wholly owned subsidiary Fresh2 Technology Inc. and the acquisition of Fresh2 Ecommerce Inc. For more information, visit www.AnPacBio.com.
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