Peijia Medical announced that its wholly-ownedsubsidiary, Achieva Medical Limited ("AchievaMedical"), entered into an exclusive distributionagreement with Jiangsu NowYon Medical Limited("NowYon Medical") on August 28, 2024. Under theterms of the agreement, Achieva Medical has beenappointed as the exclusive distributor for NowYonMedical's innovative YonFlow® flow diverter for aperiod of eight years from the date of the agreement.YonFlow® flow diverter is the core product of NowYonMedical and is also the world's first fully retrievableblood flow guiding stent system. In January 2023, theproduct passed the innovative medical device reviewand was accepted into the special approval procedurefor innovative medical devices by the NMPA. Inaddition, the registration approval application for thisproduct has been submitted to the NMPA and isexpected to be approved in the near future.