Ontario, CA— (May 09, 2018) – Kiwa Bio-Tech Products Group Corp. (OTCQB: KWBT) (“Kiwa Bio-Tech” or the “Company”), a leading agricultural biotechnology company that develops and manufactures microbial fertilizers for use in the multi-billion agricultural industry is pleased to announce that the Company signed a strategic cooperation agreement with Groupama-AVIC Property Insurance Co., Ltd. (hereafter as “Groupama-AVIC”). Pursuant to the agreement, Kiwa Bio-Tech and Groupama will promote agricultural insurance and develop innovative agricultural insurance.
Groupama-AVIC Property Insurance Co., Ltd is a joint venture company between two multi-national corporations, Groupama S.A. and Aviation Industry Corporation of China (AVIC). As a general insurer, it offers clients with quality services of agriculture, commercial property, individual property, motor, cargo, health and accident insurance. The focus of the cooperation between Kiwa Bio-Tech and Groupama-AVIC is on the agricultural planting insurance.
The two parties will cooperate in the following fashion:
- Groupama will expand the coverage of traditional agricultural insurance and tailor agricultural insurance into local areas. In the areas where Kiwa Bio-Tech Products Group Corp. has retail outlet stores in Shanxi Province, Groupma will implement the traditional agricultural insurance and develop new innovative agricultural insurance for fruit, vegetables and tea planting.
- In order to benefit farmers, Groupama will develop new innovative agricultural insurance services, and both Kiwa Bio-Tech and Groupama will make an effort to mitigate the influence of agricultural disasters on the farmers. At the same time, Groupama will also steadily expand the agricultural insurance coverage from natural risks to market risks in order to achieve sustainable and healthy agricultural development.
The CEO of Kiwa Bio-Tech Products Group states, “The cooperation with Groupama will improve the agricultural insurance services and promote farmers’ income. Based on the cooperation, Kiwa Bio-Tech will be able to minimize the influence of any natural disaster and market risk. As a result, the Company could collect payment from the customers on time.”
On January 2018, Kiwa Bio-Tech also signed a strategic cooperation agreement with The People’s Insurance Company of China Limited. The focus of the agreement is also to provide agricultural insurance and financing for Kiwa Bio-Tech’s clients. Working with insurance companies, Kiwa Bio-Tech will further develop the eco-friendly agricultural industry chain.
About Kiwa Bio-Tech Products Group Corp.
Leader in Eco-friendly Agricultural Industry Chain
Kiwa Bio-Tech Products Group Corp. (KWBT) is a publicly traded company with corporate headquarters in the United States. The company develops, manufacture, markets and distributes innovative and environmentally safe bio-technological products for agriculture. Kiwa’s focus is to positively impact the environment by reducing the amount of chemicals that are being used by agricultural growers in China.
Kiwa Bio-Tech Products Group corp. products are covered by patent protection and are designed to enhance the quality of human life by increasing the value and productivity of agricultural crops.
For more information on Kiwa Bio-Tech Products Group Corp. or its bio-fertilizer products and smart soil remediation technology, please refer to the Company’s website at www.kiwabiotech.com or the Company filings with the United States Securities and Exchange Commission at www.sec.gov.
Forward-Looking Statements
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from any future results described by the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company’s reports filed with the U.S. Securities and Exchange Commission. The forward-looking information provided herein represents the Company’s estimates as of the date of the press release, and subsequent events and developments may cause the Company’s estimates to change. The Company’s actual results may differ materially from those anticipated in the forward-looking statements depending on a number of risk factors including, but not limited to, the following: general economic, business and environment conditions, development, shipment, market acceptance, additional competition from existing and new competitors, changes in technology, the execution of its ten-year growth plan, the foreign exchange risk amid the unexpected announcements by the PRC government and various other factors beyond the Company’s control. Kiwa Bio-Tech Products Group Corp. specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company’s estimates of its future financial performance as of any date subsequent to the date of this press release
Contact:
Kiwa Bio-Tech Products Group Corporation
Molly Han
Investor & Media Relations
Tel: 909-456-8828
