Yangling, Shaanxi— (March 14, 2019)––Kiwa Bio-Tech Products Group Corp. (OTCQB: KWBT) (“Kiwa Bio-Tech” or “the Company”), an emerging agricultural company that develops, manufactures and sells bio-fertilizers is pleased to announce that the Company has won the bid for the project of Zhaoqing Dinghu Modern Agricultural Industrial Park in Guangdong Province. Kiwa’s microbial technology and products will now be entering the aquaculture market.
In early 2019, the Agricultural Bureau of Dinghu District, Zhaoqing City, Guangdong Province commissioned a professional tendering company to conduct an open bidding for the planning and project production and operation plan of Dinghu Modern Agricultural Industrial Park. The results of the bidding were recently publicly announced. The consortium formed by Kiwa Bio-Tech (Yangling) Co., Ltd. and the Institute of Agricultural Economics and Rural Development of the Guangdong Academy of Agricultural Sciences (the Institute) successfully won the bid and won the bid-winning notice.
The project of the Dinghu Modern Agricultural Industrial Park covers an area of approximately 5,994 hectare. Kiwa’s microbial core technology and eco-friendly agricultural marketing model have been highly recognized by the Dinghu District Government. The successful bid showed the outstanding achievements of Kiwa’s application of microbial technology in the field of agriculture in the past 19 years, and marked the application of microbial technology of Kiwa will now extend from the very mature planting industry to the aquaculture industry.
According to the requirements of the Agricultural Bureau of Dinghu District and the production and operation plan of the project of Dinghu Modern Agricultural (aquatic breeding industry) Industrial Park compiled in the bidding documents of the consortium, Kiwa Bio-Tech will continue to participate in the investment, construction, production and operation of the project after completing the overall planning of the park as required in the tender.
The total usage amount of Kiwa’s Water Purification & Water-Cleaning Bacteria, Boutique Spores and Duolijunbao products were 570,000 liters, 60 tons and 96 tons, respectively, with sales of approximately $1,529,494 USD, $1,878,326 USD and $1,574,216 USD respectively. The total sales amount is approximately $4,982,036 USD in this project by 2020.
China has a huge aquaculture market, with an annual output of more than 30 million tons of freshwater aquaculture and more than 20 million tons of mariculture. Due to the many negative impacts of environmental pollution on China’s aquaculture industry, the Guangdong Provincial Government has started the aquaculture environmental management with the Agricultural Bureau of Zhaoqing City as a starting point to promote the aquaculture environmental management in Guangdong Province.
Furthermore, Freshwater aquaculture in China covers an area of 5.365 million hectares, including 395,000 hectares in Guangdong Province and 5,220 hectares in Zhaoqing City.
“Kiwa’s microbial technology and products will quickly enter the aquaculture market through this successful bid, and expand the new market on the basis of the existing planting agricultural market to enhance financial performance.” Stated Kiwa’s CEO Ms. Yvonne.
There are nearly 650,000 hectare of aquaculture area in Guangdong Province, with a total market value of about 790 million USD, and nearly 10 million hectare of aquaculture area in the whole country, with a total market value of about 12.3 billion USD.
The successful bid for the project of Dinghu Modern Agricultural Industrial Park is the first time that Kiwa won the bid in the large agricultural field led by the South China government. During the implementation of the project of Dinghu Modern Agricultural Industrial Park, Kiwa will strive to build a “Modern Agricultural Industrial Park with the whole industrial chain of eco-friendly aquatic products” by providing a new model of eco-friendly aquaculture for the aquaculture industry in Dinghu District, which marked the application of microbial technology of Kiwa will extend from the very mature planting industry to the aquaculture industry.
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 Yangling, Shaanxi, China. 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 chemical fertilizers 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
ir@kiwabiotech.com
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