China Jo-Jo Drugstores Receives 2021 China ESG Golden Awards- Sustainability Award from Sina Finance

HANGZHOU,China,Dec. 29,2021 --China Jo-Jo Drugstores,Inc. (NASDAQ: CJJD) ("Jo-Jo Drugstores" or the "Company"),a leading online and offline retailer,wholesale distributor of pharmaceutical and other healthcare products and healthcare provider in China,today announced that the Company has received 2021 China ESG Golden Awards - Sustainability Award (the "Award") from Sina Finance,indicating that industry experts have acknowledged the Company's awareness and actions of developing sustainability,and they have praised the Company's contributions to corporate social responsibility.

Sina Finance hosts the China ESG Golden Awards to recognize companies with outstanding contributions to sustainability and ESG (ESG stands for "Environment,Society and Governance") performance. The committee of Sina Finance reviews companies through professional and transparent ESG performance evaluation,online voting,and expert review to select and award companies with exceptional ESG performance. The Company is one of the ten notable companies that Sina Finance picked for Sustainability Award in 2021,among well-known companies including COSCO Shipping Holdings,Industrial and Commercial Bank of China,China Life Insurance Company and Shanghai Fosun Pharmaceutical Co.,Ltd.

Mr. Lei Liu,Chairman and CEO of Jo-Jo Drugstores,commented,"We are very proud to receive the 2021 China ESG Golden Awards - Sustainability Award from Sina Finance,which recognizes our efforts in sustainability and responsible business. The Award is the testimonial of our actions to uphold a higher value in our business as our goal is to continue to deliver long term values to all stakeholders. We have a responsibility to embrace and tackle with the rising environmental,social,and governance challenges. We are committed to promoting and practicing high standards with our actions and aiming to contribute to the development of a sustainable future."

About China Jo-Jo Drugstores,Inc.

China Jo-Jo Drugstores,Inc. ("Jo-Jo Drugstores" or the "Company"),is a leading online and offline retailer and wholesale distributor of pharmaceutical and other healthcare products and a provider of healthcare services in China. Jo-Jo Drugstores currently operates an online pharmacy and retail drugstores with licensed doctors on site for consultation,examination and treatment of common ailments at scheduled hours. It is also a wholesale distributor of products similar to those carried in its pharmacies. For more information about the Company,please visit http://jiuzhou360.com. The Company routinely posts important information on its website.

Forward-Looking Statements

This press release contains information about the Company's view of its future expectations,plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including,but not limited to,risks and uncertainties associated with its ability to raise additional funding,its ability to maintain and grow its business,variability of operating results,its ability to maintain and enhance its brand,its development and introduction of new products and services,the successful integration of acquired companies,technologies and assets into its portfolio of products and services,marketing and other business development initiatives,competition in the industry,general government regulation,economic conditions,dependence on key personnel,the ability to attract,hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients,and its ability to protect its intellectual property. The Company's encourages you to review other factors that may affect its future results in the Company's annual reports and in its other filings with the Securities and Exchange Commission.

For more information,please contact:

Company Contact:

Frank Zhao

Chief Financial Officer

+86-571-88077108

frank.zhao@jojodrugstores.com

Investor Relations Contact:

Tina Xiao

Ascent Investor Relations LLC

+1-917-609-0333

tina.xiao@ascent-ir.com

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