China Jo-Jo Drugstores Completes Redomiciliation Merger

China Jo-Jo Drugstores, Inc., a leading online and offline retailer, wholesale distributor of pharmaceutical and other healthcare products and healthcare provider in China, announced  that the redomiciliation merger to redomicile the Company as a Cayman Islands company has been completed.

Pursuant to the Redomiciliation Merger, each outstanding share of the common stock of the Company was converted into the right to receive one ordinary share of China Jo-Jo Drugstores, Inc., a Cayman Islands company. The ordinary shares of CJJD Cayman are listed on the NASDAQ Capital Market under the trading symbol "CJJD," the same symbol under which the common stock of the Company was listed.

About China Jo-Jo Drugstores, Inc.

China Jo-Jo Drugstores, Inc. ("Jo-Jo Drugstores" or the "Company"), is a leading online and offline retailer and wholesale distributor of pharmaceutical and other healthcare products and a provider of healthcare services in China. Jo-Jo Drugstores currently operates an online pharmacy and retail drugstores with licensed doctors on site for consultation, examination and treatment of common ailments at scheduled hours. It is also a wholesale distributor of products similar to those carried in its pharmacies.