SHENZHEN, China, Jan. 17 /Xinhua-PRNewswire-FirstCall/ -- China Nepstar Chain Drugstore Ltd. (NYSE: NPD) ("China Nepstar" or "the Company"), the largest drugstore chain in China, today announced that it would join the Shenzhen Charity Federation to launch a significant charitable initiative to raise awareness of women's health issues among low-income working women residents in Guangdong province. The Company's contributions will include soliciting in-store customer donations and printing and distributing brochures containing health tips for women. The in-store donation period will run from January 18 to March 7, 2008, in over 700 participating China Nepstar outlets in Guangdong.
The slogan for this initiative is "With a penny donated by you, a working- class sister can better know and protect her own health." The Company and the Shenzhen Charity Federation will ask customers to donate their small change when they shop at Nepstar's stores. The over 700 Nepstar stores in Guangdong Province are expected to generate more than 3 million transactions during the 50-day period. Donation proceeds are expected to reach RMB80,000 to 100,000 (US$10,800 to $13,500).
Nepstar will use the proceeds from donations to print 160,000 to 200,000 copies of women's health brochure and distribute them to factories with a concentration of low-income working women in Shenzhen and Guangzhou on March 8, 2008, International Women's Day. The brochure will contain 20 pages of information on the causes, symptoms, treatment and prevention of common women's diseases such as vaginitis and chronic cervicitis, as well as information on early warning signs of breast cancer, birth control, female nutrition, and female psychological health.
The Company has chosen Guangdong province as the launching pad for its charitable initiative for low-income female workers, as it is estimated that the region accounts for 20% of the 50 million female workers in China and has nearly one-third of China Nepstar's 2,002 outlets, as of December 31, 2007. The Company plans to roll out similar events in the Yangtze Delta region and the Bohai Sea Bay region later this year.
Mr. Jiannong Qian, CEO of China Nepstar, said, "China Nepstar has been engaged in philanthropy since its founding and has organized or participated in many charitable events of this nature. As the largest directly operated drugstore chain with a leading position in the Chinese healthcare industry, we strive to help improve the health of all Chinese people. Our retail outlets prosper from the growth of many neighborhood residential communities and we feel it is our responsibility to give back to the communities and build long- term, mutually beneficial relationships with our customers. We will continue to spearhead charitable initiatives and do our part to promote health and caring among as many people as possible."
About China Nepstar Chain Drugstore Ltd.
China Nepstar Chain Drugstore Ltd. (NYSE: NPD) is China's largest retail drugstore chain. As of December 31, 2007, the Company had 2,002 stores in 62 cities and 11 regional distributional centers in China. It uses directly operated stores, centralized procurement and a network of regional distribution centers to provide customers with high-quality, professional and convenient pharmacy services and a wide variety of other merchandise, including over-the-counter ("OTC") drugs, nutritional supplements, herbal products, personal care products, family care products, and convenience products including consumables and seasonal and promotional items. China Nepstar's strategy of competitive pricing, customer loyalty programs and private label offerings has enabled it to capitalize on the robust demographic and economic growth trends in China to achieve a strong brand and leading market position. For further information, please go to http://www.nepstar.cn .
Safe Harbor Statement
This press release contains forward-looking statements. These
statements constitute "forward-looking" statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended, and as defined in the U.S.
Private Securities Litigation Reform Act of 1995. These forward-looking
statements can be identified by terminology such as "will," "expects,"
"anticipates," "future," "intends," "plans," "believes," "estimates" and
similar statements. Among other things, the expected number of visits by
customers during the charitable initiative period and the expected amount
of donation received from the charitable initiative, and the quotations
from management in this press release contain forward-looking statements.
Such statements involve certain risks and uncertainties that could cause
actual results to differ materially from those in the forward-looking
statements. Further information regarding these and other risks is included
in the Company's filings with the U.S. Securities and Exchange Commission,
including its registration statement on Form F-1. The Company does not
undertake any obligation to update any forward-looking statement as a
result of new information, future events or otherwise, except as required
under applicable law.
For more information, please contact:
China Nepstar Chain Drugstore Ltd.
Marketing and IR Director
In the United States:
The Global Consulting Group
The Global Consulting Group
|SOURCE China Nepstar Chain Drugstore Ltd.|
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