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The company's chief executive Billy Boyle said Owlstone's partnership in China will be useful given the size of the trials they will be able to design.

The company's newly appointed executive chairman, Andrew Khoo Boo Yeow, confirmed to the Press Association that the company will close a quarter of its 160 UK stores, having already shut eight this year.

The company said it has started to sell its YoyiC liquid yogurt in Indonesia, the most populous country in Southeast Asia with more than 200 million people. In five years, the company is expected to offer 1,000 jobs to Indonesians.

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The company hopes to accelerate its global expansion more quickly and efficiently, even though it is facing severe challenges from domestic internet giants in the overseas market, Sun said.

The company runs 21 offices, six factories, five labs and an innovation center in China, supplying analytical instruments, lab equipment, chemical reagents, consumables and software.

The company is increasing its penetration of lower-tier cites in China and has introduced a number of value-added products and services.

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The competition will move on to San Juan de Marcona, also in Peru, on Monday.

The company secured an extension until 2020 from a former vice-chairman of Guangzhou Pharmaceutical, Li Yimin, who was later convicted of taking bribes from JDB.

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The company wants its buildings to be landmarks in the downtown area of Moscow and wanted a "top general constructor with the best construction technology".

The company will continue to coordinate with plants in 58 regions in the country to resume the production of medical supplies. The first batch of 3.3 million masks will be sent to Wuhan through three "green passages".