Lakeside Holding Enters Medical Logistics Sector with Acquisition of Hupan Pharmaceutical (Hubei) Co., Ltd.

Acquisition Strengthens Lakeside's Pharmaceutical Logistics Capabilities in China, Projected to Add US$7 Million in Annual Revenue

ITASCA, Ill., Nov. 11, 2024 /PRNewswire/ -- Lakeside Holding Limited ("Lakeside" or the "Company") (Nasdaq: LSH), a U.S.-based integrated cross-border supply chain solution provider with a strategic focus on the Asian market operating under the brand American Bear Logistics (ABL), is pleased to announce that through its wholly-owned subsidiary Sichuan Hupan Jincheng Enterprise Management Co., Ltd. ("Sichuan Hupan"), has entered into an equity transfer agreement to acquire Hupan Pharmaceutical (Hubei) Co., Ltd. ("Hupan Pharmaceutical"), gaining entry into the medical logistics sector. The acquisition, valued at RMB 4.0 million (US$0.6 million), is anticipated to deliver approximately US$7 million of annual revenues to Lakeside.

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