NF Energy Saving Corporation Announces Company Name Change To BOQI International Medical Inc.
December 20 2019 - 7:30AM
NF Energy Saving Corporation (NASDAQ: BIMI) (“BIMI” or the
“Company”) today announced its company name change to BOQI
International Medical Inc. effective Dec. 16, 2019. The Company’s
ordinary shares will continue to trade under the symbol “BIMI”.
On November 15, 2019, the shareholders of the Company approved
an amendment to the Company’s certificate of incorporation to
change the Company’s name from NF Energy Saving Corporation to BOQI
International Medical Inc. Accordingly, on December 16, 2019, the
Company filed a Certificate of Amendment to the Company’s
certificate of incorporation with the Secretary of State of the
State of Delaware.
“The name change marks a significant step in our company’s
evolution,” said Mr. Tiewei Song, Chief Executive Officer and
President of BOQI International Medical Inc. “By rebranding
ourselves as BOQI International Medical Inc, we are developing a
strong corporate identity that will accurately represent our
company and its services to both our customers and shareholders.
Most Importantly, we are continuing to improve our healthcare
ecosystem and providing our customers with the best medical and
health service.”
About BOQI International Medical Inc.
BOQI International Medical Inc. (formerly known as NF Energy
Saving Corporation) (NASDAQ: BIMI) was founded in 2006. In February
2019, the Board of Directors of the company was reorganized
following efforts led by Mr. Yongquan Bi, the company’s new
Chairman, with a renewed focus on the health industry. The company
is now transforming from a provider of integrated energy
conservation solutions utilizing energy-saving equipment, technical
services and energy management re-engineering project operations to
a medical and health service provider. The Company has
approximately 300 retail locations and a pharmacy benefits system
with more than 30,000 members. The pharmacies owned by BOQI
International Medical Inc. typically sell about 6,000 types of
drugs, of which more than 600 are under exclusive sales
arrangements. BOQI International Medical Inc. offers a broad range
of consumer-directed health products and related services,
including medical, pharmacy and behavioral health plans, chronic
disease management services, and health information technology
products and services. BOQI International Medical Inc. is
community-based and locally focused, engaging consumers with more
affordable, accessible, simple and seamless care they need when and
where they need it.
Safe Harbor Statement
The statements contained herein that are not historical facts
are considered “forward-looking statements.” Such forward-looking
statements may be identified by, among other things, the use of
forward-looking terminology such as “believes,” “expects,” “may,”
“will,” “should,” or “anticipates” or the negative thereof or other
variations thereon or comparable terminology, or by discussions of
strategy that involve risks and uncertainties. In particular,
statements regarding the efficacy of investment in research and
development are examples of such forward-looking statements. The
forward-looking statements include risks and uncertainties,
including, but not limited to, the effect of political, economic,
and market conditions and geopolitical events; legislative and
regulatory changes that affect our business; the availability of
funds and working capital; the actions and initiatives of current
and potential competitors; investor sentiment; and our reputation.
We do not undertake any responsibility to publicly release any
revisions to these forward-looking statements to take into account
events or circumstances that occur after the date of this report.
Additionally, we do not undertake any responsibility to update you
on the occurrence of any unanticipated events, which may cause
actual results to differ from those expressed or implied by any
forward-looking statements. The factors discussed herein are
expressed from time to time in our filings with the Securities and
Exchange Commission available at http://www.sec.gov.
IR Contact:Dragon Gate Investment Partners
LLCTel: +1(646)-801-2803Email: BIMI@dgipl.com
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