Ping An Good Doctor, UMP and Zheng He Announce Strategic Cooperation Building Online and Offline Family Doctor Service Network

HONG KONG, CHINA - Media OutReach  - 9 November 2018 - PingAnGoodDoctor(the"Company",stockcode:1833.HK),UMPHealthcareHoldingsLimited("UMP",stockcode:722.HK)andZhengHeHealthandMedicalResourcesLimited("ZhengHe")todayannouncedtheirstrategiccooperation.Thethreepartieswillmakefulluseoftheirrespectiveadvantagesandresourcestojointlybuildanonlineandofflinefamilydoctorservicesnetworkandrealizethesharedvisionof"providingeachfamilywithatrustedfamilydoctor".ThiscooperationalsoaimstohelpthegovernmenttoachievethegoalofpromotinganddevelopingfamilydoctorservicesacrossChina.

Accordingtothestrategiccooperationagreement,PingAnGoodDoctor,UMPandZhengHewillcarryoutin-depthcooperationonvariousaspects,suchasimprovingthemedicalservicecapacityandcapabilityofonlineandofflinedoctors,perfectingtheclosedloopofonlineandofflinemedicalservices,expandingtheofflineclinicnetwork,optimizingandimprovingthe"GOLDTrainingPlan"toprovidebetter,morepersonalizedandefficientservicesforbothdoctorsandusers.

Intermsofimprovingthemedicalservicecapacityandcapability,UMPwillprovidetrainingtothePingAnGoodDoctormedicalteamundertheGeneralPracticeOrientedLearningandDevelopmentTrainingProgram("GOLDTrainingProgramme"),furtherimprovingtheconsultationskillsandclinicaltechnologyofdoctors,andprovidingalargenumberofonlineuserswithmedicalhealthconsultationserviceswhichareofhigherqualityandinlinewithinternationalstandards.Inthefuture,doctorswhohavebeenthroughthemedicaltrainingandpassedthe"GOLDTrainingProgram"willbeabletoprovideefficientandhigh-qualitytelemedicineconsultationservicesontheplatformtomeetthegrowingdemandofonlineconsultations.

Inthemeantime,PingAnGoodDoctorandUMPwillimprovetheclosedloopofonlineandofflinemedicalservicesthroughthesharingofmedicalresources.PingAnGoodDoctorisaleadingone-stophealthcareecosystemplatforminChina,whileUMPhasanetworkofmorethan600familydoctors/generalpractitionersclinicsacrossChina.Thetwopartieswilljointlyprovideuserswithhighqualityonlineandofflinemedicalservices.

Inthefuture,onlineusersofPingAnGoodDoctorwillbeabletoenjoyqualityface-to-faceofflineprimarycareservicesthroughUMP'sownedandmanagedclinics(includingpubliccommunityhealthcenters)locatedacrossBeijing,ShanghaiandtheGreaterBayArea(includingHongKong);PingAnGoodDoctor'sgloballeadingmobilemedicaltechnologywillalsoenableusersofUMP'sofflinemedicalcentersandclinicstomanagetheirhealthandbookingbeforetheconsultationandalsoengagesuchusersforfollowupaftertheconsultationthroughtheirmobilephone,helpingallthreepartiestoexpandandengagemorenewonlineandofflineusers.

Intermsofexpandingthenetworkofofflineclinics,PingAnGoodDoctorandUMPwillworkcloselywithvariousregionalgovernmentstoestablishmorehighqualityclinicsandservicelocationsacrossthecountry,providinguserswithonlineandofflineintegratedmedicalservices.Atpresent,theGreaterBayAreaandotherregionsareintroducingnewtechnologieswithapositiveandopenattitude,withtheaimofimprovingthecapacityandcapabilitylevelofprimaryhealthservices.Accordingtothe"Guangdong Provincial ActionPlantoPromote'Internet +'MedicalHealth(2018-2020)",by2020,thetopthreehospitalsinGuangdongwillfullyutilize"Internet

+"medicalservices,andmedicalhealthartificialintelligence(AI)technologywillcovercounty-levelhospitals,townshiphospitalsandcommunityhealthservicecenters.

Inthelong-term,thethreepartieswillmakefulluseoftheiradvantagesandfurtheroptimizeandimprovethe"GOLDTrainingProgramme",aswellastoprovideonlineandofflinecomprehensiveconsultationandclinicalservices.PingAnGoodDoctorhastheworld'sleadingmobilemedicaltechnologyandAItechnology,alargenumberofonlineconsultingcasesanddata;UMPownsandmanagesmorethan600offlineclinicsinChina(includingHongKong)aswellasoveralldeliveryandmanagementofthetrainingplan"GOLDTrainingPlan",withtheaimofdevelopingmorehighqualityfamilydoctors;ZhengHehasrichresourcesinmedicaltechnologyinNorthAmerica.

Regardingthestrategiccooperation,Mr.WangTao,ChairmanandCEOofPingAnGoodDoctor,said,"UMPhasrichexperienceinfamilydoctorservices,andthecooperationwiththeGreaterBayAreacommunityhospitalandclinicnetworkisimpressive;ZhengHehasrichexperienceandaplethoraofglobalmedicaltechnologyresourcesinthemedicalhealthindustry.Throughthisstrategiccooperation,PingAnGoodDoctorwillfurtherimprovetheservicelevelandefficiency,establishalargernetworkofofflineprimaryclinics,improvetheclosedloopofonlineandofflineintegratedservices,andprovideconvenientandpremiummedicalandhealthservicesforbothdomesticandoverseasconsumers."

Dr.SunYiuKwong,ChairmanandCEOofUMP,stated,"UMPisalwaysactinginlinewiththenationalpolicyofdevelopingmoregeneralpractitionersandpatienttriagethroughprimarycare.UMPdoessobyprovidingtheGOLDTrainingProgrammetofamilydoctorswhoarepracticinginpubliccommunityhealthcenters,improvingtheclinicalskillsofthesefamilydoctorsandempoweringthemtobetterimplementthegovernment'spoliciesofcontractingadedicatedfamilydoctorforeachcitizenorfamily.UMPhasbeenveryactiveinsettinguppublic-privatepartnershipcommunityhealthcenters,therebyexpandingitsgeographicalreachofclinicsandalsoclinicalservicecapabilities.ThecooperationwithPingAnGoodDoctorandZhengHebringsthethreepartiestogether,allowingeachpartytosharetheirresources,needsandbenefitswitheachother.PingAnGoodDoctorcanimproveUMP'sinformationtechnologycapacityandempowerUMPtoadoptamoreaggressiveexpansionstrategy,enableUMPtodevelopnewcorporatehealthcaremanagementplansanddevelopnewandinnovativecommercialhealthinsuranceproducts.Ontheotherhand,ZhengHewillbeusingitsresourcesandnetworktoassistUMPtodevelopprecisemedicalsolutionsthataremostsuitableforthethreeparties'usersandpatients.Workingtogether,thethreepartiesshallstrivetocreateacomprehensivemedicalecosystem."

ZhengHe'sCEO,Mr.LawSiuWah,Eddie,said,"WeareveryexcitedtocooperatewithPingAnGoodDoctorandUMP.ZhengHe'svisionistobecometheultimateandmostcrucialservicelinkbetweenpatientsandhighqualitymedicalserviceprovidersinthemarket.ZhengHeisastrategicshareholderofPingAnGoodDoctor,aswellasofUMP,andwillcontinuetoseekoutinnovatorsindifferentfieldstocreateanecosystemtogether.Inthisway,wecanworktogetherwithcustomersandpatientstofindoutthemedicalsolutionsthatbestsuittheirneeds.WewillworkcloselywithPingAnGoodDoctorandUMPtorealizethisvision.Welookforwardtocontributingourexpertise,capitalandinsightstootherpartnersinthemarket."

About Ping An Good Doctor (1833.HK)

PingAnGoodDoctoristheleadingone-stophealthcareecosystemplatforminChina.Bycombining"mobilehealth+AItechnology",theCompanystrivestoprovideeveryfamilywithafamilydoctor,everypersonwithane-healthprofileandeveryonewithahealthcaremanagementplan.PingAnGoodDoctorhasestablishedacomprehensive,one-stophealthcareecosystemcoveringfamilydoctorservices,consumerhealthcareservices,ahealthmallaswellashealthmanagementandwellnessinteraction.

AsoftheendofJune2018,therewere228millionregisteredusersandtheCompany'sMAUreached48.6million.PingAnGoodDoctoristodaythelargestmobilemedicalapplicationinChinaintermsofuserscale.PingAnGoodDoctoremploysmorethanathousandmedicalpersonnel(AssistantSupervisorLevelorabovefromClassIIIGradeAHospitals)initsin-housemedicalteamandcontractswith4,650renownedexternaldoctors.Thisin-housemedicalteam,empoweredbyourproprietaryAItechnology,providesuserswith24x7onlineconsultationservices.Initsofflinepartnershipnetwork,PingAnGoodDoctorcollaborateswithapproximately3,100hospitals(includingmorethan1,200ClassIIIGradeAhospitals)toprovideservicessuchashospitalreferral,appointmentandinpatientarrangements.PingAnGoodDoctoralsopartnerswithmorethan2,000healthcareinstitutions,includingphysicalexaminationcenters,dentalclinics,cosmeticsurgeryinstitutionsandmorethan10,000pharmacyoutlets,toproviderelevanthealthandwellnessservicestoourusers.ByintegratingitsAI-empoweredmedicalteam,externaldoctorsandofflinenetwork,PingAnGoodDoctorhasestablishedaclosed-loophealthcareecosystemwhichenablesitsuserstoenjoyonlineconsultationsandonlinedrugpurchases,aswellasonlineconsultationsandofflinefollow-uptreatment,therebyprovidingconvenient,high-qualityandefficientfamilydoctorservices.

InApril2015,theApp"PingAnGoodDoctor"wasofficiallylaunched.InMay2016,PingAnGoodDoctorcompletedanAroundfinancingandraisedUS$500million.InDecember2017,PingAnGoodDoctorcompletedthepre-IPOfinancingfromSoftbankVisionFund,duringwhichitraisedUS$400million.On4May2018,PingAnGoodDoctorbecametheNo.1listedinternethealth-techcompanyintheworldwhenitjoinedtheHongKongStockExchange,stockcode01833.HK.PingAnGoodDoctor'sIPOcornerstoneinvestorsincludeBlackrock,CapitalGroup,GIC,CanadaPensionPlanInvestmentBoard,KhazanahNasionalBerhad,SwissReandCPGroup.

About UMP (722.HK)

UMPisapeople-centrichealthcareservicesprovider.UMPwasfoundedin1990byagroupofmulti-disciplinaryphysiciansandhealthcareprofessionalswhowerefilledwithenthusiasmandasenseofmissiontoprovideprofessionalhealthcareservices.

UMPprovidescustomizedhealthcaresolutionstoover3,000corporations,institutionsandinsurancecompaniesacrossHongKong,MacauandtheGreaterChinaregion.Equippedwithover28yearsofprofessionalexperience,UMPoffersacomprehensiverangeofhealthcareservicesthroughanetworkofmorethan600self-operatedandaffiliatedmedicalcentresandclinicslocatedacrossHongKong,Macau,Zhuhai,Beijing,Shanghai,GuangzhouandShenzhen.UMPadministersover10,000healthmanagementplans,serving1.5millionpatientvisitsannually.

UMPisalsoquicklyexpandingitsclinicnetworkacrossChinathroughacombinationofowned,managedandinvestedprimarycareclinics.UMPisbenefitingfromvariousGreaterBayAreagovernmentpoliciesandisexportingitsgeneralpracticedoctortraining programmes to family doctors in community health centers in China, thereby empowering thesefamilydoctorstoenhancetheirqualityofservices,withtheaimofservingUMP'sgrowingcorporatemembersanditscommercialhealthinsurancepartners.

About Zheng He

OneoftheinvestmentprioritiesofZhengHeisthefuturetechnologyofthemedicalandhealthcareecosystem,whichprovidesqualitymedicalservicestopatientsincollaborationwithdifferentinnovatorsinthemarket.ZhengHehasextensiveexperiencesinthemedicalservicesindustry,avastnetworkhomeandabroad,includingrenownedoverseasmedicalschoolsandHongKongandinternationalmedicaladvisoryorganizations.