Through its operating subsidiaries, established in 2008, ShengQuan Aged Care Service Ltd is a well-established aged care operator in Weihai in China’s Shandong Province with a strong operating history and growth profile. It operates in an emerging industry sector of significant scale in China with predicted future demand offering significant opportunities for further growth.

It operates a well-established and diverse portfolio of residential aged care facilities in Shidao Town, Hushan Town and XiekouDao Village in Weihai in the Shangdong Province, China. These residential facilities range from Hushan Happiness Home, a low-care facility located in Hushan Town with 720 beds, the ShengQuan Shidao Happiness Apartment providing mid-range care services currently providing 1,068 beds and soon to be expanded with the addition of a further 864 places, to the Rongcheng BinHai Technology Park A & B located in Rongcheng, offering 762 beds with high-care service.

All ShengQuan’s facilities are accredited with the China’s Aged Care Standards and Accreditation Agency and offer a mix of aged care services including accommodation, personalised care and various recreational, social and wellbeing activities.

While the Company’s major market is China, it has future strategies to expand its operations into the Australian aged care services sector. As a first step in this strategy, ShengQuan, through its Australian subsidiary company, Sino Australia Aged Care Consulting Management Pty Ltd, commenced aged care training with an Australian Registered Training Organisation (RTO),  to provide Australian Certificate III in Individual Support qualifications to local Chinese aged care support workers.