Ontario, CA— (June 28, 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 has established cooperative relations with the Tongchuan Branch of the Agricultural Bank of China (hereafter as “ABC”) to provide Preferred Agricultural Loans for agricultural growers in Tongchuan City.
As of the end of May 2018, the balance of the Preferred Agricultural Loans from the Agricultural Bank of China reached 38 billion RMB (approximately 5.7 billion USD).
“The agricultural loan program resulted from the promotion of the ‘Three-Part Marketing Model’ of Kiwa Bio-Tech. Now, our clients can apply for the loan to purchase Kiwa fertilizer products which helps their business and allows immediate payment to the Company,” stated Kiwa Bio-Tech Products Group Corp. CEO Ms. Wang.
The agricultural loan is offered as an online product aimed to help the farmers apply for the loan quickly and conveniently. Kiwa Bio-Tech is also pursuing cooperation with other branches of the Agricultural Bank of China in order to expand the Preferred Agricultural Loan program for Kiwa Bio-Tech clients in other Provinces of China.
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
