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Fujian Happiness Biotech Technology Co Ltd

Summarized by PlexPage
Last Updated: 02 July 2021

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The following summary is qualified in its entirety by, and should be read in conjunction with, more detailed information and financial statements included elsewhere in this prospectus. In addition to this summary, we urge you to read the entire prospectus carefully, especially the risks of investing in Our Ordinary Shares, discuss Under Risk Factors, before deciding whether to Buy Our Ordinary Shares. We are an innovative China-base Nutraceutical and Dietary Supplements producer focus on research, development, manufacturing and marketing of a variety of products made from Chinese herbal extracts and others. We categorize our products into six groups: Lucidum Spore Powder Products, Cordyceps Mycelia Products, Ejiao solution Products, Vitamins and Dietary Supplements Products, American ginseng Products, and others. Lucidum Spore Powder Products, Cordyceps Mycelia Products and Ejiao solution Products have been our primary revenue sources. Over the past 14 years, we have established a product portfolio consisting of 32 kinds of Nutraceutical and Dietary Supplements Products. We have a sales network covering 27 provinces in China, with over 400 distributors and more than 20 000 sales terminals. Further, our close relationship with our vendors has enabled US to negotiate better terms with our suppliers and purchasers. As in Administrative Measures for Nutraceutical Products promulgate by the National Health Commission of PRC, Nutraceutical and Dietary Supplements Products belong to the category of Food Products targeted at specific populations with general health benefits for daily wellness. According to AMNP, Nutraceutical and Dietary Supplements Products are not intended to treat any specific diseases and must not cause any acute, subacute or chronic harm to the human body. With requirements of Nutraceutical and Dietary Supplements being met and approved by the State Food and Drug Administration of PRC Under regulations for Nutraceutical and Dietary Supplements, herbal and animal extracts used as both nourishment food and Traditional Chinese Medicine can be used as ingredients for Nutraceutical and Dietary Supplements Products. We mainly use herbal and animal extracts as raw materials for Our Lucidum Spore Powder Products, Cordyceps Mycelia Products, Ejiao solution Products and others. These herbal and animal extracts have been used as both daily nourishment food and Traditional Chinese Medicine in China for a long time. Approve by SFDA Under regulations for Nutraceutical and Dietary Supplements, all our products are Nutraceutical and Dietary Supplements Products labelled with Blue Caps and produced in compliance with regulations of the Food Industry. Lucidum, commonly know as Ling Zhi in Chinese, is a therapeutic mushroom used in China as daily nourishment food for a long time. Lucidum contains polysaccharides, triterpenes, sterols, nuclein, protein, polypeptide and delspray, among which polysaccharides and triterpenes are the most important nutritious ingredients. Lucidum Spore is extremely small oval germ cells spread by Lucidum when they mature, which contain all of the active substance of Lucidum. There are two layers of rigid chitinic walls outside of the Spore, and since walls are hard to destruct, research and use of Lucidum Spore was limit.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

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* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

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