SHANGHAI, April 21,
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.
("Fintech Henan"), has entered into an agricultural trade
management services agreement (the "Agreement") with Mengzhou
Houyuan Biotechnology Limited ("Mengzhou Houyuan"), the largest
company in Henan Province that
produces and sells alcohol products, such as food grade alcohol,
anhydrous ethanol, and feed. The Agreement represents an important
initiative of the Company's supply chain business strategy to
strengthen its presence and pursue growth opportunities in the
alcohol products market.
China has a long history of
alcohol beverage consumption, which has been an important part of
Chinese culture for special occassions and people's daily lives.
The country is the largest alcoholic drinks market in the world
with an estimated total revenue of US$336.4
billion in 2023. China's
alcoholic drinks market is still growing at an expected compound
annual growth rate of 3.47% during the forecast period of
2023-2027.
The Agreement was executed as a part of Nisun's supply chain
trading operations. Under the Agreement, Fintech Henan will
purchase products from designated suppliers based on orders from
Mengzhou Houyuan, with full payment for the products, while
Mengzhou Houyuan provides a 20% deposit to Fintech Henan. The
products will be delivered to Fintech Henan's designated warehouse,
and upon order completion and payment, Fintech Henan will arrange
for the products to be picked up by Mengzhou Houyuan.
Mr. Xiaoyun Huang, Chief
Executive Officer of Nisun, commented, "We are thrilled to
collaborate with Mengzhou Houyuan. This partnership marks a
significant milestone in our efforts to broaden our business
horizons in the alcohol products industry. With the promising
outlook of the market, we are confident that this collaboration
will yield positive outcomes. As we move forward, we will
capitalize on our supply chain advantages and actively seek
potential partners in the alcohol products market, so that we can
further amplify our impact and create greater 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-international.com/.
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
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SOURCE Nisun International Enterprise Development Group Co.,
Ltd
