CLAREMONT, CA– (February 29, 2016) – Kiwa Bio-Tech Products Group Corporation (OTC: KWBT) today reported that it has signed a Strategic Cooperation and Confidentiality Agreement with CCOOP GROUP CO., LTD (“CCOOP”), pursuant to which the companies will work together in various area including investment, development of fertilizer sales and to open a chain of outlets in China to market safely planted agricultural products. The Companies agreed to investigate and consider the broadest range of potential financial transactions.
CCOOP was established by CHINA CO-OP GROUP and HNA GROUP and is one of the largest comprehensive agricultural enterprises in China. CCOOP manages and sells agricultural products including seeds, fertilizers, pesticides and agricultural machinery both online and through retail outlets.
Kiwa’s CEO, Mr. Jimmy Zhou stated that “…by establishing this cooperative venture, we will both benefit by and support CCOOP’s significant market network and capital strength. CCOOP has carefully examined Kiwa’s fertilizer products support the marketing of these products in its markets. This, in turn, should be of significant benefit to Kiwa in its future development.”
