Ontario, CA– (September 05, 2017) – Kiwa Bio-Tech Products Group Corporation (OTCQB: KWBT) (“Kiwa Bio-Tech” or the “Company”), a Company focused on eco- friendly organic fertilizers promoting eco-friendly agriculture, announced today the investment objective of its newly established joint venture named Inner Mongolia Jingnong Investment Management Co. Ltd (“Jingnong”).
Under terms of the Joint Venture, Jingnong plans to invest in various Company projects of Kiwa, including but not limited to:
- Expansion of the existing production base in Shandong Province and the construction of 3 new Kiwa Bio-Tech bio-fertilizer manufacturing bases in Inner Mongolia Province, Xinjiang Province, and Guizhou Province. According to Kiwa’s projections, the annual production of each manufacturing facility will reach 1 million
- Establishment of a special fund to invest in the construction and operation of 2 Kiwa Bio- Tech fertilizer industry demonstration parks in Shenzhen, Guangdong Province and Penglai, Shandong
Kiwa’ CEO Yvonne Wang stated, “The investment projects were developed based on the agreement between Kiwa Bio-Tech and the China Agricultural Products Processing Industry Development Association. With the development of the new joint venture, Kiwa will promote the eco-friendly agriculture to take root in China.”