Aesthetic Medical International Holdings Group Limited (NASDAQ:AIH) Q3 2022 Earnings Call Transcript

Operator: Our next question comes from from Lumiere Capital.

Unidentified Analyst: And we just learned from that you guys have a plan to further dispose centers in Shenzhen. But I mean, Shenzhen is our core area, and why should we make this such a decision to — for the two potential centers to be divested? We want to know apart from these, do we have other targets to further dispose other assets?

Derrick Shi: Eva, thank you for your question. Yes, we have disclosed that, we are planning to divese one of our clinic in Shenzhen. And we think the main reason is that the clinic is located in Futian district, where it is frequently affected by COVID-19 lockdown. And we are unable to waive the rental from our private landlord. So in consideration of the cash flow and the healthy development of our financial aspects, we decide to divese it in the next few months. And we do not have further disposal plan. And that’s it. Thank you.

Unidentified Analyst: Okay. Just one question. So how many clinics and hospitals do we have as of like today?

Derrick Shi: Thank you. We have 10 clinics and hospitals in total as of today.

Operator: Right. Seeing there are no further questions, let me turn the call back once again to Mr. Derrick Shi to repeat his closing remarks.

Derrick Shi: Okay. Thank you, operator. Thank you, everyone, for joining the call today. And thank you, Jesper and Eva for your helpful questions. And I think that’s it for today’s call. And operator, please go ahead.

Operator: Thank you, everyone, for attending Aesthetic Medical International’s third quarter of 2022 earnings conference call. This concludes our call today. We thank you for — thank you all for listening. Goodbye.