Baird Medical Investment Inks Distribution Deal With China Resources Pharmaceutical Commercial Group Medical Devices To Serve As Exclusive Distributor For Baird's MWA Products In China

Baird Medical Investment Holdings Limited (NASDAQ: BDMD) ("Baird Medical" or the "Company"), a global leader in microwave ablation (MWA) technology, today announced that its PRC subsidiary, Nanjing Changcheng Medical Equipment Company Limited, has entered into a distribution agreement with China Resources Pharmaceutical Commercial Group Medical Devices Co., Ltd. ("China Resources Medical Devices"), a subsidiary of China Resources Pharmaceutical Group Limited (Stock Code: 03320.HK).

Under the agreement, China Resources Medical Devices will serve as the exclusive distributor for Baird’s specified MWA products in 19 key markets in the People’s Republic of China, with a focus on regions where Baird has historically had a limited direct commercial presence. On execution of the agreement, China Resources Medical Devices placed an initial order totaling approximately RMB 6 million ($900,000).