Shanghai Pioneer Holdings(01345.HK)S subsidiaries sign exclusive distribution agreement with Swiss Labo to introduce anti-hair loss scalp serum products

Gelonghui March 30丨Shanghai Pioneer Holdings (01345.HK) announced that recently, a subsidiary of Shanghai Pioneer Holdings Co., Ltd. entered into an exclusive distribution agreement with its sister company LABO INTERNATIONAL S.r.l (the “Labo”) of Switzerland, Labo Cosprophar AG. Pursuant to this, the Company will serve as Labo’s exclusive long-term cooperation partner to sell and promote Labo’s “LABO HAIR LOSS” anti-hair-loss scalp essence in the Mainland of the People’s Republic of China (the “PRC”).

Labo is a Swiss skincare brand focused on skin and hair care, founded in Basel, Switzerland in 1986. The product is a topical hair-care cosmetic treatment ampoule built around multiple proprietary active complex compounds. It can help reduce physiological and non-pathological hair loss. The product was approved by the China National Medical Products Administration in December 2025 as a special cosmetic product upon listing, and its efficacy and safety were verified through clinical trials.

Against the backdrop of increasingly common hair loss issues in China and sustained growth in consumer demand for highly effective anti-hair-loss and hair-fixing products, the Company believes that obtaining the exclusive distribution rights for this product in China is strategically significant. The Company’s beauty and cosmetics business division will carefully develop and implement a series of promotion strategies, expand the product sales channels, and expects to provide Chinese consumers with a better experience, while creating favorable returns for the Company and its shareholders.