CLAREMONT, CA-（January 5, 2016） — Kiwa Bio-Tech Products Group Corporation (OTCBB: KWBT) report today Kiwa has commenced discussions with Joyvio (Beijing) Agricultural Investment Management Co., Ltd. (“Joyvio”) relative to the joint development of safe agricultural products in China. The two parties agreed to initial steps for the cooperative venture, including exchange of documentation, development of a strategic plan and financial projections.
Joyvio is a subsidiary of Joyvio Group, an agricultural group company which has financial backing of the Lenovo Group. Joyvio has already joined hands with Beidahuang Group for the to cultivation and sale of safely-produced rice to the high-end consumers. In this regard, Joyvio has already included Kiwa’s fertilizer products within their production chain and now plans to launch in-depth discussions with Kiwa concerning cooperation in additional areas.
Kiwa’s CEO, Jimmy Zhou said that Kiwa’s products were valued by Joyvio, and that this in turn provides an excellent opportunity for the use of Kiwa’s fertilizers in China’s large agricultural planting bases. With Joyvio entry into China’s agricultural industry, it intends to rapidly expand into the development of high-end commercial fruit products. The introduction of Kiwa’s fertilizer products into this production chain will improve the quality of Joyvio’s agricultural products and help Joyvio comply with the applicable food safety requirements. The cooperation between Joyvio and Kiwa should not only benefit Joyvio, but also support the implementation of Kiwa’s business strategy.