Partnership with Lung Fung Pharmaceutical (Group) Ltd in usage of ACD Coin in Hong Kong

ACD INC. (Head Office: Koto Ward, Tokyo, Mr. Yasuhiro Sonoda, Representative Director, hereinafter referred to as “ACD”) has decided to form partnership with Lung Fung Pharmaceutical (Group) Ltd,(hereinafter referred to as “Lung Fung Group” ), one of the largest drug store chain operator in Hong Kong and agreed to offer service to enable its customers to use “ACD Coin”, crypto currency (utility coin) issued by ACD as a method of settlement at all of its drug stores as a part of trial to enhance user-friendliness of stores and improve the sales and commence such service in sequence from early 2019.

Lung Fung Group is engaged in business of distribution and retailing covering medical goods, health and health supplement foods, skin care and personal care products with 27 year business track record. Lung Fung Group is currently operating 18 drug stores in New Territory region and aims at expand proactively its business in Mainland China and Macau market in addition to Hong Kong.

Moreover, ACD Coin is crypto currency (utility coin) which has been developed to enhance the convenience of cross-bordering service especially for overseas holders of coins through tie-up with BCH (Bitcoin Cash) platform.

We plan to make use of ACD Coin to enhance synergy effect at a maximum in inbound business with worldwide off-line stores including drug store chains and plan to improve its convenience and utilization ratio hereafter.

Through such engagement described above, we would like to further enhance the tie-up with Lung Fung Group in the future and make an effort to encourage broad use of ACD Coin in Hong Kong and expand its use all over the world.

Marketing Management Department: Kota Morimoto