On the morning of May 9, the investment signing ceremony for the Yinfeng Bio (Hubei) Industrial Park project was held. The successful signing of this project marks the official launch of the second phase of Yinfeng Biotechnology Group's investment in Hubei.

Ren Wei, deputy secretary of Party Committee in Yichang Xiling District, head of Xiling government,  Huang Hua Deputy District Mayor, Qin Jiayan, Deputy District Mayor, Yang Jun, secretary of party committee and dean of Yichang People's central Hospital, Sheng Dewei, chairman of Yinfeng Biotechnology Group, Qu Tingyu, Executive Director of Shandong Yinfeng Life Sciences Research Institution, Wang Xijun, General Manager of Hubei Yinfeng Dingcheng Biotechnology Engineering Co., Ltd., and other more than 20 representatives from relevant departments of Xiling District, Yichang People's central Hospital,, and Hubei Yinfeng Company attended the signing ceremony.

The Yinfeng Biotechnology (Hubei) Industrial Park project has settled down in the Xiling Economic Development Zone with a planned investment of 160 million yuan. The first phase plans to invest 60 million yuan to build a Hubei-based cell storage center, a regional cell preparation center, a regional molecular detection center, a regional biomedical transformation research center, and a hubei Biotechnology sample bank in national human genetic resources database   that can cover the western regions of Hubei Province and the eastern Chongqing, all of that will create the Hubei stem cell industry base. In the second phase, the company plans to invest 100 million yuan to focus on the life and health industry, and take advantage of leading technology of the Yinfeng Biotechnology Group in terms of stem cell applications, cryogenic freezing, and genetic testing, and build a genetic testing center, a cryopreservation research center, and a cryogenics medical center. At the same time, biopharmaceutical companies in upstream and downstream will be introduced to build a domestic first-class high-end bio-industrial park

At the scene, deputy secretary of the Xiling District Party Committee and the head of the Xiling district government Ren Wei congratulated the successful introduction of the Yinfeng Biotechnology (Hubei) Industrial Park project. He said that Xiling District is a national demonstration city for promoting better cities. Our next step will take the bio-health industry as the top priority for the development of Xiling District, and do a good job of follow-up services for the company and seek common development together.

Yang Jun, Secretary of the Party Committee and Dean of Yichang Central People's Hospital delivered a speech at the signing ceremony. He highly praised the integrity cooperation between Yinfeng Biotechnology Group and Yichang Central People's Hospital in the past five years, and made a objective interpretation from professional perspective on the future development of the bio industry. He expressed high hopes for the development of Yinfeng Bio (Hubei) Industrial Park.

Sheng Fengwei, chairman of Yinfeng Bio Group, represented the investor and thanked the leaders at various levels in Yichang and Yichang Central People's Hospital for their support to Hubei Yinfeng for five years. He said that in the future, Yinfeng Biotechnology will continue to uphold the idea of “Yinfeng, the guarantee of integrity and quality!”The company will make bigger and stronger Yinfeng Biotechnology (Hubei) Industrial Park project with professional quality, to contribute to the development of stem cell industry in Hubei Province, dedicated medical technology, for the benefit of the people!