Business
Happiness Biotech Announced the Sales of Epidemic Prevention Products Have Exceeded RMB45 million
NANPING, China, May 7, 2020 /PRNewswire/ -- Happiness Biotech Group Limited (the "Company" or Nasdaq: HAPP), an innovative China-based nutraceutical and
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[{"type":"text","content":"NANPING, China, May 7, 2020 /PRNewswire/ -- Happiness Biotech Group Limited (the \"Company\" or Nasdaq: HAPP), an innovative China-based nutraceutical and dietary supplements producer, announced today that as of April 30, 2020, the Company's sales of epidemic prevention products have exceeded RMB45 million, approximately $6.5 million.\nAmong the epidemic prevention products, the sales of 75% Alcohol Disinfectant and Disposable Hand Sanitizer have reached over 9 million bottles in total, and the sales of Daily Protective Masks have reached over 2 million pieces. Due to the increasing demand for Disposable Hand Sanitizer both in domestic and foreign markets, the Company has switched its focus from producing 75% Alcohol Disinfectant to producing Disposable Hand Sanitizer since the beginning of April 2020.\n\"We know that many of our investors want to know more information about the sales of our epidemic prevention products, and we are glad to report what we have accomplished in the past three months. The COVID-19 has caused tremendous damage to the economy, and our Company is also affected. However, we have been able to recover the loss by timely transforming our manufacturing facilities and production lines to produce epidemic prevention products. We have also provided funding to development of more efficient testing kits. As announced in March, we have accomplished a breakthrough in developing testing kits for COVID-19. Although China has changed the approval policy for new testing kits in early April and required more information for new applications, we are still actively communicating with relevant government agencies and trying our best to push it forward as soon as possible. In the meanwhile, we are prepared for the recovered consumption from the customers for our nutritious products, as our stores starting to re-open all over the country.\" said Mr. Xuezhu Wang, CEO of the Company. \nAbout Happiness Biotech Group Limited\nHeadquartered in Nanping, China, Happiness Biotech Group Limited is an innovative China-based nutraceutical and dietary supplements producer focused on the research, development, manufacturing and marketing of a variety of products made from Chinese herbal extracts and other ingredients. The Company's goal is to provide high-quality products to our consumers. Over the past 14 years, the Company has establi...