NF Energy Saving Corporation Announces Company Name Change To BOQI International Medical Inc.

New York, Dec. 20, 2019 (GLOBE NEWSWIRE) -- NF Energy Saving Corporation BIMI ("BIMI" or the "Company") today announced its company name change to BOQI International Medical Inc. effective Dec. 16, 2019. The Company's ordinary shares will continue to trade under the symbol "BIMI".

On November 15, 2019, the shareholders of the Company approved an amendment to the Company's certificate of incorporation to change the Company's name from NF Energy Saving Corporation to BOQI International Medical Inc. Accordingly, on December 16, 2019, the Company filed a Certificate of Amendment to the Company's certificate of incorporation with the Secretary of State of the State of Delaware.

"The name change marks a significant step in our company's evolution," said Mr. Tiewei Song, Chief Executive Officer and President of BOQI International Medical Inc. "By rebranding ourselves as BOQI International Medical Inc, we are developing a strong corporate identity that will accurately represent our company and its services to both our customers and shareholders. Most Importantly, we are continuing to improve our healthcare ecosystem and providing our customers with the best medical and health service."

About BOQI International Medical Inc.

BOQI International Medical Inc. (formerly known as NF Energy Saving Corporation) BIMI was founded in 2006. In February 2019, the Board of Directors of the company was reorganized following efforts led by Mr. Yongquan Bi, the company's new Chairman, with a renewed focus on the health industry. The company is now transforming from a provider of integrated energy conservation solutions utilizing energy-saving equipment, technical services and energy management re-engineering project operations to a medical and health service provider. The Company has approximately 300 retail locations and a pharmacy benefits system with more than 30,000 members. The pharmacies owned by BOQI International Medical Inc. typically sell about 6,000 types of drugs, of which more than 600 are under exclusive sales arrangements. BOQI International Medical Inc. offers a broad range of consumer-directed health products and related services, including medical, pharmacy and behavioral health plans, chronic disease management services, and health information technology products and services. BOQI International Medical Inc. is community-based and locally focused, engaging consumers with more affordable, accessible, simple and seamless care they need when and where they need it.

Safe Harbor Statement

The statements contained herein that are not historical facts are considered "forward-looking statements." Such forward-looking statements may be identified by, among other things, the use of forward-looking terminology such as "believes," "expects," "may," "will," "should," or "anticipates" or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. In particular, statements regarding the efficacy of investment in research and development are examples of such forward-looking statements. The forward-looking statements include risks and uncertainties, including, but not limited to, the effect of political, economic, and market conditions and geopolitical events; legislative and regulatory changes that affect our business; the availability of funds and working capital; the actions and initiatives of current and potential competitors; investor sentiment; and our reputation. We do not undertake any responsibility to publicly release any revisions to these forward-looking statements to take into account events or circumstances that occur after the date of this report. Additionally, we do not undertake any responsibility to update you on the occurrence of any unanticipated events, which may cause actual results to differ from those expressed or implied by any forward-looking statements. The factors discussed herein are expressed from time to time in our filings with the Securities and Exchange Commission available at http://www.sec.gov.

IR Contact:
Dragon Gate Investment Partners LLC
Tel: +1(646)-801-2803
Email: BIMI@dgipl.com