On April 29, 2025, Shenzhen Hybio Pharmaceutical Co., Ltd. (stock code: 300199, referred to as "Hybio"), Hybio Biotechnology (Dali) Co., Ltd. (referred to as "Hybio Dali") and Sinopharm Group Co., Ltd. (hereinafter referred to as "Sinopharm") held a strategic cooperation agreement signing ceremony in Shenzhen.