China Jo-Jo Drugstores (CJJD) Reports 100% Growth in Q4 Prelim. Online Phamacy Sales

China Jo-Jo Drugstores, Inc. (Nasdaq: CJJD) announced preliminary Q3 fiscal 2016 online pharmacy sales estimates, including its official branded online pharmacy through www.dada360.com. The Company's e-pharmacy growth as compared to the same year ago period continues to show strong growth, trending positively as expected with the prolific adoption of online shopping practices in China.

Preliminary Q3 fiscal 2016 sales estimates:

• Total online pharmacy sales grew over 100% to more than 54 million RMB (US$8.7 million)

• Official branded online store sales grew over 500% to more than 26 million RMB (US$4.2 million)

Mr. Lei Liu, Chairman & CEO of China Jo-Jo commented, "We expect a strong close to fiscal 2016, boosted by a supportive regulatory framework created by the Chinese government in order to expand large chain pharmacies and promote internet plus economy in China, as well as the proliferation of drug benefit coverage in both the government sponsored Social Health Insurance (SHI) program and private insurance program. E-pharmacy sales within the Company's strategic businesses is positioning China Jo-Jo as one of the leading players and innovators in this fast growing industry. With renewed support from a favorable healthcare reform framework, we believe that China Jo-Jo will stand to benefit greatly from this wave of change and has quickly adjusted its growth strategy to capitalize on this opportunity."

"As one of the early pioneers of the large chain drugstore models in China, China Jo-Jo's logistics infrastructure and means for product procurement has taken root, developing into a mature platform supporting both China Jo-Jo's retail and online businesses. As such the Company is also transforming into a partner of choice for commercial health insurance providers who also continue to develop alongside China's nascent healthcare industry. Recently the Company relocated its online pharmacy division to central Hangzhou, a growing hub for internet companies in China as a means for attracting the best technologist to help in its ecommerce expansion efforts," concluded Mr. Liu.

The e-pharmacy business continues to meet strong demand from Chinese consumers looking for novel ways to shop in addition to competitively priced shopping alternatives. The Company now carries over 10,000 products, across its retail and online businesses further developing the Company's brand for safe, high quality products that are competitively priced. Looking ahead to calendar year 2016, China Jo-Jo will continue to execute its management strategies capitalizing on China's growing market for both online and retail pharmacy needs as outlined by the secular trends which call for additional growth and expansion of large chain pharmacies in the country.

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