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Renshoutang

Shanghai RST Chinese Medicine Co. Ltd ("Renshoutang") is one of the pioneer and most established private integrated eldercare companies in China to successfully integrate eldercare, medical and pharmacy services. It is also the largest private eldercare operator in Shanghai with retirement, nursing and rehabilitation homes, day care centres, pharmacies and traditional chinese medicine ("TCM") clinics.

Founded in 1994, Renshoutang has a portfolio of 12 eldercare facilities and four pharmacies, each with a dedicated TCM clinic, and all of which are located predominantly in Changning District in Shanghai.

Renshoutang operates two renowned brands for its eldercare services, namely Yixian Eldercare and Retirement Home for the lower-to-middle income, and Xiehe Eldercare and Retirement Home for the middle-to-higher income.

Renshoutang also operates pharmacies under a well-known brand in Shanghai, Renshoutang Medicine, which has been awarded the China Time-honoured Brand Award. In addition to serving the general public, the pharmacies supply medicine to Renshoutang's portfolio of eldercare facilities. Physicians at the TCM clinics also provide treatments to the residents at the various homes.

With an existing portfolio of 3,577 beds, and access to a committed pipeline and potential pipeline of about 7,750 beds and 13,500 beds respectively, Renshoutang is well positioned to be one of the largest eldercare services operators in the affluent and populous Yangtze River Delta Region in the next few years.

Perennial owns an effective interest of 49.9% in Renshoutang and is its largest single shareholder.

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