The Board of SSY Group Limited (SEHK:2005) announced that it is considering a spin-off of Jiangsu Best New Medical Material Co., Ltd. on October 18, 2021. The Board of SSY Group Limited is also considering separate quotation and/or listing of the shares of Jiangsu Best New Medical Material Co., Ltd. on a stock exchange in Mainland China. Possible Spin-off is subject to, amongst other things, market conditions and approvals from the relevant regulatory authorities.