SHANGHAI, July 15,
2024 /PRNewswire/ -- Nisun International Enterprise
Development Group Co., Ltd ("Nisun International" or the "Company")
(Nasdaq: NISN), a technology and industry driven integrated supply
chain solutions provider, today announced a significant milestone
in its grain supply chain business. The Company has secured a
supply of over 50,000 tons of corn from Beidahuang Group Co., Ltd.,
one of China's largest
agribusiness groups, in partnership with Rugao Port Group Co.,
Ltd., a leading port and harbor operator in China.
This strategic procurement marks a critical step in expanding
Nisun International's grain business, driving growth by increasing
the size and scale of its operations. The secured supply will
enhance the Company's ability to provide stable and efficient grain
solutions, positioning it for robust growth in the agricultural
sector.
Rugao Port Group Co., Ltd. is recognized as a National 5A
Logistics Enterprise, AAA Credit Enterprise, and National Supply
Chain Innovation and Application Pilot Enterprise. Operating Rugao
Port, a national first-class port, Rugao Port Group brings
significant logistical and operational expertise to the
partnership. Beidahuang Group Co., Ltd. manages over 53,600 square
kilometers of land, with 48.7 million acres of arable land. As a
national ecological and modern agricultural demonstration area, it
produces over 20 billion kilograms of grain annually, with a brand
value of RMB 201.9 billion.
"Nisun International's expansion into the grain supply chain is
a pivotal development for our company," said Mr. Xin Liu, CEO of Nisun International. "Securing
this substantial corn supply not only strengthens our business
capabilities but also supports our commitment to contributing to
global food security and agricultural development."
Nisun International's grain business aims to establish
integrated grain processing and distribution hubs in China's main grain-producing areas,
transforming resource advantages into significant economic
benefits. By enhancing the entire value chain, from procurement to
processing to distribution, the Company promotes regional economic
growth, increases operational efficiency, boosts farmer incomes,
and supports local economies.
Through this partnership and strategic expansion, Nisun
International is poised to achieve high-quality business
development, contributing to a stable global food security
environment and advancing its business strategy.
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 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. 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
Horizon Research Management Consultancy
Michael Wei
Email: hwey@horizonconsultancy.co
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SOURCE Nisun International Enterprise Development Group Co.,
Ltd