YanGuFang Expands Retail Presence in China's Supermarkets
November 24 2023 - 7:00AM
YanGuFang International Group Co., Ltd. (the “Company” or
“YanGuFang”) (Nasdaq: YGF), a health food company primarily engaged
in the production, sourcing, research and development, and sales
and distribution of oat and grain products across China and
internationally, today announced the continued expansion of the
Company’s presence in China’s supermarkets, including Yonghui,
Century Mart and RT-MART, bringing YanGuFang’s whole grain products
to a wider range of consumers. Since the beginning of 2023, the
Company has strategically expanded its footprint by establishing
new partnerships with supermarkets across China. Simultaneously,
the Company has continued to showcase and market its products in
supermarkets in China such as Yonghui, Walmart, Century Mart, and
RT-MART.
The Company’s diverse product portfolio, which
includes but is not limited to oat germ oatmeal, oat milk, and oat
germ rice, is currently available in multiple regions across China,
such as Jiangsu, Beijing, and Anhui. This selection is set to
expand further with the upcoming introduction of the Company’s
organic oat germ oatmeal series and low GI product series in
supermarkets including Yonghui, Century Mart and RT-MART.
YanGuFang’s success is built on a commitment to
innovation and technology. The Company has persistently pursued
independent research and development in the realm of whole grain
technology, resulting in 30 registered patents in China, one
registered patent in the United States, and 49 software copyrights.
Through strategic collaborations with prestigious institutions
including Jiangnan University and Cornell University, YanGuFang has
leveraged outstanding international research talents to drive
scientific advances and create whole grain food products that blend
nutritional benefits with great taste.
Mr. Junguo He, Chairman and Chief Executive
Officer of YanGuFang, commented, “As YanGuFang continues to expand
its presence in China’s major retail chains, the Company remains
dedicated to strengthening its position in the global market and
contributing to the advancement of the global whole grain industry.
With its strong commitment to innovation, strategic partnerships,
and high-quality products, YanGuFang is well-prepared to address
the growing demand in China and around the world for whole grain
options that are both nutritious and delicious.”
About YanGuFang International Group Co.,
Ltd.
YanGuFang is a health food company engaged in
the production, sourcing, research and development, sales and
distribution 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, please 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. Forward-looking statements include statements
concerning plans, objectives, goals, strategies, future events or
performance, and underlying assumptions and other statements that
are other than statements of historical facts. Investors can
identify these forward-looking statements by words or phrases such
as "approximates," "assesses," "believes," "hopes," "expects,"
"anticipates," "estimates," "projects," "intends," "plans," "will,"
"would," "should," "could," "may" or similar expressions. These
forward-looking statements are not guarantees of future performance
and involve known and unknown risks and uncertainties and are based
on the Company's current expectations and projections about future
events that the Company believes may affect its financial
condition, results of operations, business strategy and financial
needs, which may cause the actual results to differ materially from
the Company's expectations discussed in the forward-looking
statements. The risks and uncertainties relating to these
statements include, but are not limited to, risks and uncertainties
regarding the Company's ability to develop and sell new or improved
products and services, raise capital, deliver customer orders
timely, execute its business plans, and attract and retain
customers and skilled professionals; risks and uncertainties
regarding fluctuations in earnings, fluctuations in foreign
exchange rates, and general economic conditions affecting the
Company's industry and other risks contained in reports filed by
the Company with the U.S. Securities and Exchange Commission (the
"SEC"). 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,
except as may be required by law. 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, free of charge, on the SEC's website at www.sec.gov.
For investor and media inquiries please contact:
YanGuFang International Group Co., Ltd.
Investor Relations Department
Email: ir@yangufang.com
Christensen Advisory
Jenny Lam
Assistant Vice President
Phone: +852.2232.3928
Email: yangufang@christensencomms.com
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