AIX Inc. and BGM Group Collaborate to Transform Healthcare

AIX Inc. and BGM Group Collaborate to Transform Healthcare

In a significant development within the healthcare and pharmaceutical industries, AIX Inc. (Nasdaq: AIFU), a prominent financial services provider, and BGM Group Ltd. (Nasdaq: BGM), renowned for its premium pharmaceutical products, have forged a strategic partnership. This collaboration marks a pivotal move for both companies, aiming to leverage advanced technologies and resources to enhance their market positions.

Key Details of the Strategic Agreement

The agreement between AIX and BGM entails AIX transferring equity in its intelligent platform, which includes RONS Intelligent Technology (Beijing) Co., Ltd. and Shenzhen Xinbao Investment Management Co., Ltd., valued at around $140 million. In return, AIX will receive approximately 69,995,661 Class A ordinary shares of BGM, with each share valued at $2.00. This transaction is projected to close by the end of the year, subject to certain conditions.

Post-transaction, AIX will acquire around 72% equity interest in BGM, enabling it to influence the company's decision-making process significantly. Meanwhile, BGM will oversee RONS Technology and Xinbao Investment, thus broadening its footprint in digital and intelligent technologies.

Benefits of the Partnership

This strategic alliance is anticipated to yield myriad advantages for both companies. AIX is poised to diversify its expansions in the pharmaceutical and healthcare sectors, capitalizing on the burgeoning opportunities stemming from an aging population. The collaboration is expected to unlock new growth avenues, given BGM's extensive resources and expertise in these areas.

Innovation Through Synergy

CEO of AIX, Mr. Yinan Hu, emphasizes the importance of AI-driven solutions in evolving the insurance landscape. According to him, while AIX's platform has exhibited significant potential within the insurance sector, this partnership with BGM is integral for widespread impact beyond its current scope.

Hu believes that the merger of AIX’s cutting-edge technology with BGM’s industry experience will not only broaden the reach of their services but also propel innovation within both sectors. Mr. Hu acknowledges that this collaboration is an important milestone for AIX, as it positions the platform to tackle challenges and seize opportunities in the vibrant silver economy.

Focus on Technological Advancements

BGM's CEO, Mr. Chen Xin, expressed his admiration for AIX's achievements in digital transformation and its potential to contribute immensely to BGM's strategic objectives. BGM's deep-rooted experience in the pharmaceutical sector, combined with AIX's innovative technological prowess, is regarded as a powerful formula for accelerating growth and boosting competitiveness in the global market.

Background on BGM Group

BGM boasts a legacy of excellence that dates back to 1969. The company has demonstrated remarkable proficiency in the pharmaceutical industry, leveraging over 50 years of experience in biotechnological production and innovation. Through its subsidiary Gansu Qilianshan Pharmaceutical Co., Ltd., BGM is well-positioned to navigate and excel in the international pharmaceutical landscape.

Having developed a diverse portfolio of premium products and services, BGM focuses on enhancing health outcomes worldwide, capitalizing on its expertise in bio-fermentation, extraction, and formulation.

About AIX Inc.

AIX Inc., founded in 1998, has emerged as a leader in intelligent technology-driven financial services in China. With its innovative approach, AIX has been committed to providing millions of families with comprehensive financial solutions and insurance protection. Their utilization of advanced AI technologies contributes significantly to the intelligent transformation in the financial sector.

Frequently Asked Questions

What is the nature of the partnership between AIX and BGM?

AIX and BGM have entered a strategic agreement where AIX will transfer equity interests in its platform to BGM in exchange for a significant number of shares, enhancing collaboration in healthcare and technology.

How will this deal affect AIX's market position?

The deal will bolster AIX's influence within BGM, providing it a substantial stake in BGM’s decisions, and facilitating expansion into the pharmaceutical sector.

What are the potential benefits for both companies?

This partnership enables both companies to innovate and grow their product offerings, especially focusing on the aging population and the healthcare industry, capitalizing on synergies in their operations.

What can we expect from the transaction’s completion?

Upon completion, AIX is expected to gain significant control over BGM and its resources, enhancing their strategic initiatives in healthcare and insurance.

When is the transaction expected to close?

The closing of this transaction is anticipated by the end of the year, pending the fulfillment of specific closing conditions.

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