Ontario, CA— (January 10, 2017)- Kiwa Bio-Tech Products Group Corporation (OTCQB: KWBT) (“Kiwa Bio-Tech” or the “Company”), a Company promoting eco-friendly biological fertilizer products, today announced that the Company signed a strategic cooperative agreement with the administration committee of Yangling Area of China (Shaanxi) Pilot Free Trade Zone (hereafter referred to as “Yangling”).
The agreement provides for cooperation of the two parties in the following:
- Kiwa Bio-Tech will establish a subsidiary company in Yangling to further develop its eco-friendly agriculture business.
- Establish a Research Institute of Kiwa Bio-Tech Agricultural Biological Technology (“Research Institute”) that would be designed to include, among other functions, a Research and Development Center, International Cooperation Center, Project Laboratory, Data and Information Center, a Special Committee for Eco-friendly Agricultural Standard System Establishment and Staff Training Center. Yangling shall provide support in the fields of agricultural technology innovation and policy coordination.
- Establish Kiwa Bio-Tech Fermentation Factory for fertilizer products.
The Fermentation Factory, which is currently in the planning stage would cover approximately 24.7 acres with the factory is designed to produce 300,000 tons of microorganism bacterium agent series products annually.
- Establish a Comprehensive Trading and Logistics Center for International Agricultural Materials, Agricultural Products, Agricultural Machinery and Traditional Chinese Medicine.
- Establish an Agriculture Standard System.
Kiwa Bio-Tech will work with the various governmental departments which will specify agricultural standards applicable to Yangling, with a view to establishment of an agricultural industry standard system with respect to microbial fertilizer, biocide, agricultural planting, agricultural products processing, and agricultural products market.
Kiwa Bio-Tech CEO Ms. Yvonne Wang stated “Kiwa Bio-Tech’s concept of eco-friendly agriculture can contribute to the development of the agricultural industry system standard in the Free Trade Zone, while the Company can also benefit from the policy supports, agricultural technology innovation, mature agricultural industry system, and international platform.”
About Yangling Pilot Free Trade Zone
Located in Shanxi Province, Yangling Area of China (Shanxi) Pilot Free Trade Zone (“Yangling Area”) is the only free trade zone in China with a special focus on agricultural development.
With the initiation of the “Belt and Road” development strategy that focuses connectivity and cooperation between Eurasian countries and China, Yangling Area is geographically the center for “Belt and Road” international cooperation in modern agriculture. Covering a total area of 5.76 km2, Yangling Area focuses on the innovation, demonstration and promotion of agricultural technologies and aims to strengthen international agricultural cooperation and exchanges and facilitate trade in this field.
Yangling Area is designed to have four functional areas including comprehensive bonded area, international commerce area, processing trade area and financial innovation area, plus a center for international agricultural technology cooperation and exchanges. Near Yangling Area there will be supporting infrastructure and facilities such as modern agricultural cooperation park, plants and animals supervision and quarantine area and international agricultural tourism and leisure area. Effort will be made to develop bio-industry, agro-processing, rural finance and rural services and cultivate an export-oriented agricultural development cluster.
About Kiwa Bio-Tech Products Group Corporation
Leader in Eco-friendly Agriculture Industry Chain
Kiwa Bio-Tech Products Group Corporation develops, manufactures, distributes, and markets innovative, cost-effective and environmentally safe bio-technological products for agricultural and environmental conservation. The Company’s products are designed to enhance the quality of human life by increasing the value, quality and productivity of crops and decreasing the negative environmental impact of chemicals and other wastes.
Kiwa is dedicated to eco-agricultural development and environmental control by developing, producing, and selling bio-technological products with high technology, low-cost, and high productivity to satisfy the growing market demand. Kiwa’s development is creating a standardized and ecologically safe agricultural industry chain platform. The Company’s development effort is based in China, and has gradually expanded to the international market.
Kiwa uses new bio-technological skills at its core, with organic, ecologically sound, and “green” practices as its theme. The Company strives for customer satisfaction and continued development. Kiwa is dedicated to making safe food, further developing eco-agriculture and upholding a responsibility of contributing to China’s agricultural safety, food safety, and a healthy lifestyle. For more information on Kiwa and its products, please refer to the Company’s website at www.kiwabiotech.com or the Company filings with the United States Securities and Exchange Commission, available for free 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 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 INFORMATION
CONTACT:
Kiwa Bio-Tech Products Group Corporation
Molly Han
