Achiko launches Covid-19 testing pilot program in Indonesia

- Launch of pilot program in Indonesia for Achiko's proprietary, low-cost rapid Covid-19 diagnostic test, AptameX, alongside its sister digital passporting service, Teman Sehat ("Health Buddy").

- Purpose of the pilot program is to confirm unit economics, train staff and to showcase the service.

Zurich, 7 October 2021: Ad hoc announcement pursuant to Art. 53 LR - Achiko AG (SWX: ACHI, ISIN CH0522213468) ("Achiko", the "Company") today launched a pilot program in Indonesia of its proprietary non-invasive, saliva-based Covid-19 diagnostic test, AptameX^TM, combined with its digital health passporting app Teman Sehat^TM ("Health Buddy") as one integrated platform.

"We expect that Covid-19 will be present for years to come and pose an ongoing threat to people's health and wellbeing and the economies for many countries", said Steven Goh, CEO of Achiko AG. "Against this backdrop, the cost of testing and the ease of managing test results become a key success factor in the fight against the ramifications of the pandemic. The combination of Aptamex and Teman Sehat can make testing affordable to workplaces and communities and bring the cost of frequent testing down to around the cost of a simple lunch while the reliable day-to-day management of the test results becomes a simple process."

The first stage of the pilot will be held in three sites starting with a location east of Jakarta, Indonesia. The objective of the pilot is to confirm service delivery economics and showcase the service as a precursor to sales. Teman Sehat ("Health Buddy") is approved and listed on the Indonesian government purchasing list.

The Company is currently hiring and training staff, establishing production and distribution channels in Indonesia and completing a CE mark with a view of sales in Europe and using the CE mark in sales elsewhere.

ABOUT ACHIKO AG
Achiko creates and develops new innovations in healthcare technology through its biotechnology division, AptameX^TM, and its sister digital mobile health technology division, Teman Sehat^TM. The Company has created a unique healthtech capability that provides user-friendly diagnostic testing integrated with a digital passport solution for the management of Covid-19.

AptameX comprises of DNA aptamer-based technology that is cost-effective, chemically synthesised and widely applicable to the evolving diagnostic field of healthcare. Together with the digital mobile health app Teman Sehat, Achiko is developing potential technologies that seek to deliver rapid, affordable diagnostic testing for a range of pathogenic diseases and therapeutic indications. The AptameX technology is licensed from Regenacellx.sl and Achiko has exclusive commercialisation rights.

Headquartered in Zurich, Achiko has offices in Hong Kong, Jakarta, Seoul and Singapore.

Further information can be found at www.achiko.com.

Media contacts:

ACHIKO AG
Investor Relations
E: ir@achiko.com

Switzerland & Global
Marcus Balogh
Farner Consulting Ltd.
E: achiko@farner.ch
T: +41 44 266 67 67

U.S. & Global
Jeanene Timberlake
RooneyPartners
E: jtimberlake@rooneypartners.com
T: +1 646 770 8858

Disclaimer
This communication expressly or implicitly contains certain forward-looking statements concerning Achiko AG and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of Achiko AG to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Achiko AG is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.