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.
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