Sep. 12, 2018
Kiwa Bio-Tech Products Group Corp. (OTCQB: KWBT) ("Kiwa Bio-Tech" or "the Company"), a leading agricultural biotechnology company that develops and manufactures microbial fertilizers for use in the multi-billion agricultural industry announced that the Company has signed a strategic cooperation agreement with Techand Ecology & Environment Co., LTD ("Techand"). Pursuant to the agreement, Kiwa Bio-Tech will cooperate with Techand to develop an integrated planting and breeding program in Tianshui City, Gansu Province.
In 2017, the Ministry of Finance of China launched budget appropriation for capital construction investment for supporting the development of an integrated planting and breeding program. In June 2018, the Ministry of Agriculture and Rural Affairs of China and the Ministry of Finance of China further provided further promotion of green agriculture, including programs and policy interpretation and financial support.
Kiwa Bio-Tech's CEO Ms. Wang states, "The government of China provides significant financial support and vigorously promotes the integration of farming and breeding programs in rural areas, aiming to further develop green agriculture, restore the farmland and alleviate rural poverty by focusing on utilizing the wastes of breeding and planting industry. Kiwa Bio-Tech is currently in a lead position to provide eco-friendly planting techniques and fertilizer utilization methods, which will contribute to the development of the program. Kiwa Bio-Tech and Techand anticipate enhancing local farmers' income."
For Gansu Province, the investment budget is up to 34,300,000 RMB (approximately $ 5 million dollars). The integrated planting and breeding program is an ecological agricultural model. In accordance with the model, the wastes and by-products generated from the breeding industry can be utilized as the sources of fertilizers, and the planting industry provides fodders for livestock and poultry breeding industry.
"Kiwa Bio-Tech is establishing the eco-friendly agricultural manufacturing base and operational headquarters in Yangling Free Trade Zone, to develop the integrated planting and breeding program and to also open up the market in Gansu province. The cooperation with Techand provides an excellent opportunity for Kiwa Bio-Tech to upgrade its soil restoration techniques and further its strategic cooperative initiatives with respect to eco-environmental protection and eco-friendly agriculture," added Wang.