SHENZHEN, China, May 14 /Xinhua-PRNewswire-FirstCall/ -- China Nepstar Chain Drugstore Ltd. (NYSE: NPD) (''China Nepstar'' or the ''Company''), the largest drugstore chain in China based on the number of directly operated stores, today announced it is working with the Shenzhen Charity Federation to organize a program to provide relief for the victims of the recent earthquake in Sichuan province, China. Specifically, the program is designed to encourage the Company's employees to donate money and customers to donate their points earned in the Nepstar Loyalty Scheme. Nepstar will use the money and points donated to provide antibiotics and other pharmaceutical products for the earthquake relief efforts.
China Nepstar has 65 stores in Chengdu, the capital city of Sichuan province, out of more than 2,002 stores nationwide in China. All of these 65 stores were closed shortly after the earthquake, which took place around 2:30 pm Beijing time on May 12, 2008, and a majority of these stores remained closed on May 13 and May 14, due to earthquake aftershock warnings issued by the government. The stores will reopen as soon as the crisis has been overcome. The earthquake in Sichuan did not affect any other China Nepstar stores.
About China Nepstar Chain Drugstore Ltd.
China Nepstar Chain Drugstore Ltd. (NYSE: NPD) is China's largest retail drugstore chain based on the number of directly operated stores. As of December 31, 2007, the Company had 2,002 stores across 62 cities, one headquarters distribution center and 11 regional distribution centers in China. China Nepstar uses directly operated stores, centralized procurement and a network of 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. China Nepstar's strategy of centralized procurement, competitive pricing, customer loyalty programs and private label offerings has enabled it to capitalize on the robust economic growth in China and to take advantage of the demographic trend 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 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.|
Copyright©2008 PR Newswire.
All rights reserved