On February 27, 2020, KUNCHI Japan was formally approved of "Pharmaceutical Wholesale Sales License" in Japan. The license was approved and issued by the Tokyo Metropolitan Government in accordance with the laws and regulations related to Japanese medicines and medical devices. The license is one of the three types of qualifications in medical and pharmaceutical-related fields. The acquisition of this license will successfully promote KUNCHI's business to expand to medical and pharmaceutical-related fields, and will also stimulate KUNCHI Japan team to continue to dig deeper in Japanese market and continue to promote the globalization strategy of KUNCHI.