Raily Aesthetic Medicine is a leading aesthetic medical service provider in Zhejiang Province, the PRC. The Group offers a broad range of aesthetic medical services to the clients to meet their different aesthetic and anti-aging objectives. The aesthetic medical services of the Company principally include (i) aesthetic surgery services, comprising aesthetic surgical procedures performed on various parts of the face or body; (ii) minimally-invasive aesthetic services, primarily comprising aesthetic injection procedures; and (iii) aesthetic dermatology services, primarily comprising various aesthetic energy-based procedures.

Raily Aesthetic Medicine has grown the network since its operation commenced in August 2008. As at 8 December 2020, the Group owned and operated a network of four private for-profit aesthetic medical institutions in the PRC, while three of them were located in Zhejiang Province and one of them was located in Anhui Province. All aesthetic medical institutions of the Group are operated under its trade names, ‘‘瑞麗’’ and ‘‘瑞麗整形’’, together with the registered trademark ‘‘Raily’’. According to the Frost & Sullivan Report, the Group ranked fourth and fifth in terms of aesthetic medical service revenue in 2019 among all private aesthetic medical service providers in Hangzhou City and Zhejiang Province, respectively.