SHANGHAI, Feb. 17,
2023 /PRNewswire/ -- Nisun International Enterprise
Development Group Co., Ltd ("Nisun" or the "Company") (Nasdaq:
NISN), a provider of innovative comprehensive solutions through an
integration of technology, industry, and finance, today announced
that the Company's controlled affiliate, Fintech (Henan) Supply Chain Management Co., Ltd., has
entered into an agricultural trade management services agreement
with Jiaozuo Xinfeng Yinong Agricultural Materials Co., Ltd.
("JXY"), a company engaged in the purchase and sale of grain
planting, agricultural materials, seed breeding and other
businesses, and related purchase and sale framework agreements with
Jiyuan Pengjinxiang Planting Professional Cooperative ("JP"), an
organization that provides members with services related to the
purchase of agricultural production materials, the planting,
storage, and sale of agricultural products, and agricultural
production and operation. These agreements represent a significant
initiative of the Company's supply chain business strategy to
increase its presence and explore growth opportunities in the
market of commodity grain of wheat and corn.
The market of commodity grain of wheat and corn in China is huge and stable. According to the
National Bureau of Statistics of China, China's 2022 wheat output rose 0.6% from a
year earlier to 137.72 million tonnes and Corn output was up 1.7%
to 277.2 million tonnes.
These agreements were executed as part of Nisun's supply chain
trading operations. Nisun would purchase commodity grain of wheat
or corn from JP based on the order of JXY and arrange for delivery
of the products to the designated locations or customers. The
Company anticipates the transaction volume under these agreements
to reach RMB20 million (approximately
US$2.9 million).
Mr. Xiaoyun Huang, Chairman and
Chief Executive Officer of Nisun, commented. "We are excited to
step into the market of commodity grain of wheat and corn as
China is one of the biggest
producers and consumers of wheat and corn in the world. The
business cooperation this time provides us with opportunities to
enter into such a huge and high-potential market while facilitating
the development of our supply chain business. Looking forward, we
expect to continue to increase our presence in the commodity grain
market while optimizing our supply chain. We believe this
initiative will add our supply chain exposure to a highly promising
segment and create long-term value for our shareholders."
About Nisun International Enterprise Development Group Co.,
Ltd
Nisun International Enterprise Development Group Co., Ltd
(NASDAQ: NISN) is a technology-driven, integrated supply chain
solutions provider focused on transforming the corporate finance
industry. Leveraging its rich industry experience, Nisun is
dedicated to providing professional supply chain solutions to
Chinese and foreign enterprises and financial institutions. Through
its subsidiaries, Nisun provides users with professional solutions
for technology supply chain management, technology asset routing,
and digital transformation of tech and finance institutions,
enabling the industry to strengthen and grow. At the same time,
Nisun continues to deepen the field of industry segmentation
through industrial and financial integration, by
cultivating/creating an ecosystem of openness and empowerment.
Nisun has built a linked platform that incorporates supply chain,
banking, securities, trust, insurance, funds, state-owned
enterprises, among other businesses. Focusing on industry-finance
linkages, Nisun aims to serve the upstream and downstream of the
industrial supply chain while also assisting with supply-side
sub-sector reform. For more information, please visit
http://ir.nisun-nasdaq.com/index.html.
Cautionary Note Regarding Forward-Looking
Statements
This press release contains information about Nisun's view of
its future expectations, plans and prospects that constitute
forward-looking statements. Actual results may differ materially
from historical results or those indicated by these forward-looking
statements as a result of a variety of factors including, but not
limited to, risks and uncertainties associated with its ability to
raise additional funding, its ability to maintain and grow its
business, variability of operating results, its ability to maintain
and enhance its brand, its development and introduction of new
products and services, the successful integration of acquired
companies, technologies and assets into its portfolio of products
and services, marketing and other business development initiatives,
competition in the industry, general government regulation,
economic conditions, dependence on key personnel, the ability to
attract, hire and retain personnel who possess the technical skills
and experience necessary to meet the requirements of its clients,
and its ability to protect its intellectual property. Nisun
encourages you to review other factors that may affect its future
results in Nisun's registration statement and in its other filings
with the Securities and Exchange Commission. Nisun assumes no
obligation to update or revise its forward-looking statements as a
result of new information, future events or otherwise, except as
expressly required by applicable law.
Contacts
Nisun International Enterprise Development Group Co.,
Ltd
Investor Relations
Tel: +86 (21) 2357-0055
Email: ir@cnisun.com
Ascent Investor Relations LLC
Tina Xiao
Tel: +1 (917) 609 0333
Email: tina.xiao@ascent-ir.com
View original
content:https://www.prnewswire.com/news-releases/nisun-international-enterprise-development-group-co-ltd-to-increase-presence-in-the-market-of-commodity-grain-of-wheat-and-corn-301748605.html
SOURCE Nisun International Enterprise Development Group Co.,
Ltd
