What platform is Freda?

Shandong Freda Bio-Co., Ltd. (referred to as "Freda Bio" for short), a medical beauty platform under Shang Lu Group, is planning to expand its "circle of friends" through mixed ownership reform and further develop the health and beauty business based on "hyaluronic acid".

Freda Bio intends to introduce strategic investors in Shandong Property Rights Exchange Center through public listing, capital increase and share expansion. The proportion of newly-increased share capital in the increased share capital shall not exceed 65,438+07.58%, of which the subscription ratio of strategic investors shall not exceed 65,438+06.90%, and employees may subscribe for less than 0.68% according to the price agreement for introducing strategic investors.

Freda Bio was established in June, 1998 with a registered capital of 75 million yuan. Shang Lu Development and its wholly-owned subsidiary, Shandong Freda Pharmaceutical Group, hold 100% of the shares. Freda Bio is an important platform for the development of health and beauty industry in Shandong Province, and is known as the pioneer and leader of hyaluronic acid skin care products in China. Selected as Gazelle Enterprise in Shandong Province and "Newly-added Cultivation Enterprise of High-end Manufacturing Brand in Shandong Province in 20021Year".

In terms of health and beauty industry, Shang Lu Development owns Freda Bio, and shares in Iprhan (the only company protected by geographical indications of lavender essential oil in China), the first domestic product manufacturer integrating planting, production, sales and sightseeing, and owns many product brands such as Elaine, Shan Yan, Dr. Ai and Iprhan. In terms of raw materials and additives, the company mainly owns 420 tons of hyaluronic acid raw materials and Freda biotechnology engaged in biological fermentation technology.

Shandong Commercial Group Co., Ltd. (hereinafter referred to as "Shang Lu Group") is a large state-owned enterprise established by Shandong Provincial Department of Commerce at the end of 1992. Its business scope includes modern retail, real estate, biochemical pharmacy, hotel tourism, cultural media, products, education, automobile trade, micropayment and other fields. It owns two listed companies ("Ginza Shares" and "Shang Lu Real Estate") and. Now it is directly supervised by the State-owned Assets Supervision and Administration Commission of Shandong Provincial People's Government.