Ontario, CA— (March 19, 2018) – Kiwa Bio-Tech Products Group Corporation (OTCQB: KWBT) (“Kiwa Bio-Tech” or the “Company”), a Company promoting eco-friendly biological fertilizer products, announced today that the company has signed a strategic cooperation agreement with The Traditional Chinese Medicine Market Committee of The Chinese Association of Traditional Chinese Medicine (the “Committee”). Pursuant to the agreement, Kiwa Bio-Tech will support the establishment of standards for planting the Traditional Chinese Medicine Herbs by integrating the Company’s methods of fertilization into the standards.The committee accepted KIWA the deputy director unit, and Xiaoqiang Yu served as deputy director.
According to China’s Ministry of Agriculture (the “Ministry”), the total planting area of Traditional Chinese Medicine (“TCM”) reached approximately 2.2 million hectares in 2017, in comparison to approximately 1 million hectares in 2016. The Ministry is seriously promoting standardized planting and producing systems adopted by the TCM in order to improve the level of quality control in the industry. Under the cooperative agreement, Kiwa Bio-Tech will develop fertilization plans and utilize the Company’s biological fertilizer products in experimental bases designated by the Committee, covering a total area of approximately 3,300 hectares. Based on the soil conditions, the growth and the yield of the herbs and the other statistics, and after evaluating the effects of the Company’s bio-fertilizer, Kiwa Bio-Tech will provide criteria for developing standardized planting and fertilizing systems.
Kiwa Bio-Tech’s CEO Ms. Yvonne Wang states, “This collaboration offers a great opportunity for Kiwa Bio-Tech to expand into the Traditional Chinese Medicine industry. We will not only be able to promote our fertilizer products in the main herb planting areas, but we will also contribute to improving the quality and the reputation of Traditional Chinese Medicine nationally and internationally. We expect that these activities will enhance the growth of planting areas utilizing our fertilization methods area throughout China.”
About The Chinese Association of Traditional Chinese Medicine
The Chinese Association of Traditional Chinese Medicine (previously called the Chinese Society of Management of Traditional Chinese Medicine Enterprise) is the most prestigious entity representing the traditional Chinese medicine sector in China.
The Mission of the Association is to serve the Traditional Chinese Medicine industry, safeguard the legitimate rights of its members, promote the development and standardization of production of herbs, enhance the culture of Chinese medicine and to better satisfy the need of the people. In support of this Mission, the Chinese Association of Traditional Chinese Medicine actively studies the trend of its market development, develops ethical norms and standards for management for in sector, promotes quality service and adherence to its Code of Conduct and seeks to upgrade the morality and ideological posture for the sector.
About Kiwa Bio-Tech Products Group Corporation
Leader in Eco-friendly Agricultural 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.
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Molly Han
Investor & Media Relations
