On May 20, 2020, CRYO Company and a domestic medical equipment technology listed company (hereinafter referred to as "Company A") completed the signing ceremony for the Mengqi Stem Cell Bank project at Foshan Chancheng District Central Hospital (hereinafter referred to as "Foshan Chanyi"). In the future, the two parties will cooperate to provide comprehensive services such as biological container tanks and liquid nitrogen transportation for the Mengqi Stem Cell Bank at Foshan Chancheng District Central Hospital.

In recent years, CRYO Company has vigorously developed the research and development, production, installation, and commissioning of biological container tanks, and has reached a cooperation agreement with Company A. Company A purchases biological container tanks and vacuum pipelines from CRYO Company, and CRYO Company is responsible for the design, production, installation, commissioning, and maintenance of biological container tanks and liquid nitrogen vacuum pipeline systems. Both parties will work together to explore the market for biomedical stem cell banks.

The provision of biological container tanks to Chancheng District Central Hospital in Foshan City this time is the result of strong cooperation between the two parties. The Mengqi Stem Cell Bank of Chancheng District Central Hospital in Foshan City plans to purchase a batch of biological containers and liquid nitrogen delivery systems required for stem cell storage. The storage conditions for biological stem cell samples are high, and the technical requirements for low-temperature cryogenic equipment are very strict. Even small problems can lead to serious accidents.

In order to meet the requirements of Foshan Zen Medicine, CRYO Company and Company A conducted several technical discussions, discussed feasible technical solutions, and fully simulated possible problems. Finally, a set of suitable biological container tank application plans for Foshan Zen Medicine was developed. Foshan Zen Medicine is very satisfied with the design proposal provided by both parties. After on-site investigation and debugging, the three parties finally reached an intention to sign the contract and completed the signing of the biological container tank project for Foshan Zen Medicine's Mengqi Stem Cell Bank.