LISHUI, China, Sept. 30, 2019 /PRNewswire/ -- Farmmi, Inc.
(NASDAQ: FAMI), an agriculture products supplier in China, today announced it has signed a
five-year cooperation agreement with Jiangsu Changdang Lake Aquatic
Technology Co., Ltd. ("Changdang Lake Aquatic"). Under the
agreement, Farmmi has obtained rights to use the popular Su Biao
brand of crabs.
Changdang Lake Aquatic is a specialized crab breeding,
production and export base backed by multiple patents, approved for
export by the State Administration of Entry-Exit Inspection and
Quarantine, and led by Chairman Jianguo
Shen, an expert with more than thirty years in crab
farming. The company is located in the southwest of
Jiangsu Province's Changdang Lake,
a lake with favorable geographical and environment characteristics
and superior water quality. Changdang Lake Aquatic is one of
China's largest producers of crab
with 2,750 acres of green farming and Consumers annual output of
more than 300 tons of high-quality crabs. Its popular Su Biao brand
crab has won "China's Top Ten
Famous Crabs" and has passed the ISO9001 quality management system
certification. It has received numerous awards, including Jiangsu
Famous Brand Products, Jiangsu Famous Brand Agricultural Products
and Changzhou Famous Trademarks.
Changdang Lake Aquatic Chairman Jianguo
Shen, commented, "More than 80% of our production volume is
exported to Japan, Singapore, Hong
Kong, Macao, Taiwan and other regions given high consumer
demand for our delicious Su Biao brand crab. In addition to
having the scale to meet required volume levels, we are able to
ensure the highest quality as required in the markets we are
serving. In Japan, for
example, 75 test criteria must be met. We are excited to now
partner with Farmmi as we work to leverage its platform and
expertise to develop our brand presence and reach in the Domestic
China market."
Yefang Zhang, Farmmi Chair and
CEO, stated, "We are very happy to be forming a key partnership
with Mr. Shen and his team. We share in our pursuit of
bringing high quality agricultural products to consumers. In
the case of crabs, the many compelling nutritional benefits, great
taste and ease of preparation make them a sought-after delicacy by
consumers everywhere. As we have successfully added on new
categories and brands in the past, it was important that with crabs
we secured a partner able to meet the required high production
volume levels and the extensive quality provisions. We look
forward to using our established commerce and distribution platform
to help Changdang Lake Aquatic expand into the domestic
China market and to ultimately
grow its profitable sales."
About Farmmi, Inc.
Headquartered in Lishui, Zhejiang, Farmmi, Inc. (NASDAQ: FAMI), is a
leading agricultural products supplier, processor and retailer of
Shiitake mushrooms, Mu Er mushrooms, other edible fungi, and many
other sought-after agricultural products. The Company's
Farmmi Liangpin Market is serves as a global trading platform for
Chinese geographical indication agricultural products and is a one
of the largest platforms for consumers to access locally sourced
agricultural products. For further information, please visit:
http://ir.farmmi.com.cn/.
Forward-Looking Statements
This announcement contains forward-looking statements within the
meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. All statements other than statements
of historical fact in this announcement are forward-looking
statements. These forward-looking statements involve known and
unknown risks and uncertainties and are based on current
expectations and projections about future events and financial
trends that the Company believes may affect its financial
condition, results of operations, business strategy and financial
needs. Investors can identify these forward-looking statements by
words or phrases such as "may," "will," "expect," "anticipate,"
"aim," "estimate," "intend," "plan," "believe," "potential,"
"continue," "is/are likely to" or other similar expressions. The
Company undertakes no obligation to update forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations, except as may be required by law.
Although the Company believes that the expectations expressed in
these forward-looking statements are reasonable, it cannot assure
you that such expectations will turn out to be correct, and the
Company cautions investors that actual results may differ
materially from the anticipated results.
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SOURCE Farmmi, Inc.