On August 10, Zencore Biologics signed a strategic cooperation agreement with Shanghai Pudong Development Bank (SPD Bank). The branch chief of SPD Bank Lin-gang Branch, Jihong Ni, associated branch chief, Hanfu Mao, President and CEO of Zencore Biologics, Jianxin Chen, SVP of Zencore Biologics, Zhiyong Shen, and the head of finance of Zencore Biologics, Chenbing Zhu, attended the signing ceremony. After the signing of this agreement, the two sides will initiate in-depth cooperation. The SPD Bank will leverage its advantages in providing comprehensive financial services to Zencore Biologics in areas such as project financing, cash management, foreign exchange and cross-border business services, etc. Additionally, the SPD bank will provide support to Zencore Biologics in the construction of commercial production facility in Lin-gang Special Area.

As the first biopharmaceutical company established in the Lin-gang Special Area, the establishment of the strategic cooperation with SPD Bank will not only enable Zencore Biologics to accelerate the construction progress of the commercial production facility in Lin-gang Special Area, but also enable ZhenGe Biotech to better serve any biopharmaceutical enterprise at home or abroad. This cooperation will further promote the synchronized development and advancement of biopharmaceutical companies in the Special Area. As a CDMO technical service provider for macromolecular drugs, Zencore Biologics is fully committed to providing each biopharmaceutical enterprise with the best one-stop services. " commented by Jianxin Chen, CEO of Zencore Biologics.

SPD Bank is focused on providing the best financial services to our customers, we strive to enhance our understanding of the CDMO business model and value chain in order to support the construction of the GMP production facility in Lin-gang Special Area with project focused loans and whole suite of financial services. Our services to Zencore Biologics will the support the  advancement in process development and production quality at Zencore Biologics. This cooperation will enable the creation of innovative technology brand, accelerate the pace of scaled production and internationalization in commercial production services. The signing of this cooperation agreement has far-reaching significance. With the best financial services, SPD Bank will fully support the improvement of technology prowess at Zencore Biologics, accelerate the research and development (R&D) and commercialization of macromolecular biopharmaceuticals. Our goal is to equip each of the biomedical companies in the Lin-gang Special Area with the financial "wings" for their synchronized flights to greatness, says, Jihong Ni, branch chief of SPD Bank.