Oct. 17, 2018
Kiwa Bio-Tech Products Group Corp. (OTCQB: KWBT) (“Kiwa Bio-Tech” or “the Company”), an emerging agriculture technology company that develops and manufactures microbial fertilizers in China, announces that the Company has signed a three-party strategic cooperation agreement with Yangling Living Green Agriculture Development Co., Ltd. (hereafter as “Living Green”), and Shenzhen Huaguoshan “Fruits Mountain” Technology Co., Ltd. (hereafter as “Fruits Mountain”). Pursuant to the agreement, the strategic cooperation is focused on promoting Kiwa Bio-Tech’s microbial fertilizers to the regional supreme grade fruits growers, increasing the fruits’ quality and quantity and raising the economic returns for fruits growers. Fruits Mountain will become one of the major fruits distribution platforms for the growers who use the Company’s microbial fertilizers.
Shenzhen Huaguoshan “Fruits Mountain” Technology Co., Ltd is a leading Fruits Supply Chain and Supply Chain Technology Company in China. In 2017, Fruits Mountain sold approximately $70 million dollars of supreme quality fruits. Fruits Mountain’s revenues have increased more than 10 times over the past three years, which has made it one of the fastest growing companies in the supreme grade fruits distribution industry in China. Fruits Mountain has successfully integrated its online and offline fruits supply chains and flat marketing model, which benefit both fruits growers and the end consumers the most throughout the nation.
Yangling Living Green Agriculture Development Co., Ltd. is a high-quality agricultural products sales company that has had a long-term cooperative relation with Kiwa Bio-Tech. Kiwa Bio-Tech has set up 4 retail outlet stores in the supreme grade fruits planting areas, covering approximately 233,333 hectares of farmlands with approximately $412 million USD fruits supply annually. By Fruits Mountain’s joining, now the retail outlet stores not only promote and sell Kiwa Bio-Tech’s bio-fertilizers, but also purchase back the supreme grade fruits from the growers that use Kiwa’s fertilizers and better sell those high grade fruits to the domestic market in China.
Yangling is currently the only Agricultural Free Trade Zone in China. It is also the first Agricultural High-Tech Industrial Demonstration Zone in China. There are over 300 planting bases covering approximately 4.4 million hectares of farmlands in Yangling, which will demand over $3.6 billion USD chemical fertilizers and $7.8 billon USD microbial fertilizers every year. Kiwa Bio-Tech will significantly tap this fertilizer market in the next several years.
Kiwa Bio-Tech’s CEO Ms. Yvonne Wang states, “Relying upon Fruits Mountain’s well established national online and offline market channels, we believe that we will be able to support the growers who have purchased our fertilizers in the sale of their supreme quality fruits, which should also support increasing their income.”