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Stock impact report

Golden Sun Health Technology Group Limited Announces Strategic Transition into the Wellness Industry in China

Golden Sun Health Technology Group Limited - Class A Ordinary Shares (GSUN) 
Company Research Source: GlobeNewswire
Shanghai, China, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Golden Sun Health Technology Group Limited, formerly known as Golden Sun Education Group Limited (the “Company” or “Golden Sun”) (Nasdaq: GSUN), a provider of tutorial services in China, today announced its strategic transition into the wellness industry in China. Since 2023, the Company has been endeavoring to establish its own wellness brands and an e-commerce platform that will be used to promote and sell wellness products, through a number of business initiatives. In August 2023, the Company established a subsidiary, Shanghai Jinheyu Biotechnology Co., Ltd., which has developed Fuding White Tea (????) brand white tea oral health products, including toothpaste, mouth freshening spray, and mouthwash. These products contain Fuding white tea (a specialty white tea produced in Fuding City, a village in Fujian province, China) and other Chinese traditional medicines that are believed may have the ability to alleviate certain oral h Show less Read more
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