YanGuFang International Group Collaborates with China's Industry-Leading R&D Institution to Promote Whole Grain Crop Breeding and Commercialization
May 22 2023 - 8:00AM
YanGuFang International Group Co., Ltd. (Nasdaq: YGF) (the
“Company”), a health food company primarily engaged in the
production, research, development, and sales of oat and grain
products, today announced the establishment of the Collaborative
Innovation Center for Whole Grain Seed Industry Technology (the
“Center") in partnership with the China Jilin Baicheng Academy of
Agricultural Sciences, an agricultural research institution in
China (the "JBC") pursuant to a strategic cooperation agreement the
parties entered into (the “Agreement”). Under the Agreement, JBC
agreed to contribute personnel with relevant technical expertise
and its resources, including its germplasm technology, research
capabilities, and its experimental fields. The Company agreed to
contribute its industry expertise and fund the expenses related to
crop breeding development and commercialization.
Mr. Junguo He, the Chairman and CEO of the
Company, commented, “We are excited to cooperate with JBC to
establish the Center, which is expected to enhance breeding
techniques and expedite the introduction of new and improved
varieties of whole grain products to the market. Over the years, we
have conducted a series of technological research and development
of seed sources from the seed breeding and planting stages. Looking
ahead, we anticipate the Center to actively engage in innovative
breeding and commercialization of special grain crops, such as oat,
buckwheat, and winter rye, in order to develop more products that
suit the needs of our customers.”
About JBC
JBC is the primary agricultural research
institution in the semi-arid special ecological zone in western
Jilin Province, China. Due to the region’s unique geographical
characteristics, JBC has established significant research
advantages in the study of oats, sunflowers, and mixed grains and
beans in China. It is recognized as a leading scientific and
technological group, focused on agricultural technology innovation
and promotion in western Jilin Province. JBC has established
scientific research cooperation and technology exchange
relationships with over 20 countries, including Canada, the United
States, Russia, Australia, Serbia, Norway, Sweden, the Netherlands,
Finland, and Japan. Its aim is to conduct research and promote
breeding that aligns with the international standards and brings
the institution closer to the forefront of global scientific
research.
About
YanGuFang International Group Co.,
Ltd.
YanGuFang International Group Co., Ltd. is an
integrated enterprise engaged in the production, research and
development, sales and marketing of natural oat and whole grain
products. The Company is committed to improving human health
through its research to explore the nutritional benefits of its
products. The Company has developed over 80 products in its natural
oat and whole grain series. For more information, visit the
Company’s website at http://ir.ygfang.com/.
Forward-Looking Statements
This press release contains forward-looking
statements as defined by the Private Securities Litigation Reform
Act of 1995. Certain statements in this announcement are
forward-looking statements. Investors can identify these
forward-looking statements by words or phrases such as “may,”
“will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,”
“plan,” “believe,” “is/are likely to,” “potential,” “continue” or
other similar expressions. These statements are subject to
uncertainties and risks including, but not limited to, the
following: the Company's goals and strategies; the Company’s
forecast on market trend; the Company's future business
development; the demand for and market acceptance for new products;
changes in technology; risks and uncertainties regarding lingering
effects of the Covid-19 pandemic on the Company’s businesses,
including disruptions to the Company’s supply chain; the Company’s
ability to attract and retain skilled professionals; client
concentration; and general economic conditions affecting the
Company’s industry and assumptions underlying or related to any of
the foregoing and other risks contained in reports filed by the
Company with the SEC. Although the Company believes that the
expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that such expectations will turn
out to be correct, and the Company cautions investors that actual
results may differ materially from the anticipated results and
encourages investors to review other factors that may affect its
future results in the Company's filings with the SEC, which are
available for review at www.sec.gov. The Company undertakes no
obligation to update or revise publicly any forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations that arise after the date hereof,
except as may be required by law.
For investor and media inquiries please
contact:
YanGuFang International Group Co.,
Ltd.Investor Relations DepartmentEmail:
ir@yangufang.com
Ascent Investor Relations LLCTina XiaoPhone: +1
917-609-0333Email: tina.xiao@ascent-ir.com
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