CHONGQING, China, Dec. 17, 2020 /PRNewswire/ -- China Xiangtai Food
Co., Ltd. (NASDAQ: PLIN) ("PLIN" or the "Company"), an emerging
growth company engaged in the food processing business, today
announced that the Company has signed a sales agreement (the
"Agreement") with Chongqing Yongyaoge Technology Co., Ltd. ("CYT")
on November 23, 2020 to supply CYT
products worth RMB23.072 million
(approximately US$3.5 million).
Ms. Zeshu Dai, Chairwoman and Chief Executive Officer of the
Company commented, "We are pleased to sign the Agreement with CYT
and start our partnership after over half year's negotiation and
due diligence, which demonstrates our capability, stability and
reliability as an industry recognized company. We expect to
continue expanding our business scale through maintaining existing
partnerships and proactively seeking to establish new partnerships
by leveraging our brand awareness advantage at the same time. We
are confident that we will expand our market share quickly and
create more value for our shareholders by adopting such
approach."
About China Xiangtai Food Co., Ltd
Headquartered in Chongqing, China, China Xiangtai Food Co.,
Ltd, is a food company primarily engaged in pork processing. The
Company's operations span key sections of the pork processing value
chain, including slaughtering, packing, distribution, and wholesale
of a variety of fresh pork meat and parts. Primarily focused on
pork products, the Company also offers other fresh and processed
products, including beef, lamb and poultries. Through the recent
acquisition of Chongqing Ji Mao Cang Feed Co., Ltd, the Company has
also expanded into the business of feed raw material and feed
formula solutions. Through its core values, the Company is
committed to maintaining the highest standards of food safety,
product quality, and sustainability to provide high-quality,
nutritious, and tasty food in a responsible manner through its
portfolio of trusted brands. For more information, please
visit http://ir.plinfood.com/.
Safe Harbor Statement
This announcement contains forward-looking statements within
the meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. All statements other than statements
of historical fact in this announcement are forward-looking
statements. These forward-looking statements involve known and
unknown risks and uncertainties and are based on current
expectations and projections about future events and financial
trends that the Company believes may affect its financial
condition, results of operations, business strategy and financial
needs. Investors can identify these forward-looking statements by
words or phrases such as "may," "will," "expect," "anticipate,"
"aim," "estimate," "intend," "plan," "believe," "potential,"
"continue," "is/are likely to" or other similar expressions. The
Company undertakes no obligation to update 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.
Company Contact
China Xiangtai Food Co., Ltd.
Email: ir@plinfood.com
Investor Relations Contact
Ms. Tina Xiao, President
Ascent Investor Relations LLC
Phone: +1-917-609-0333
Email: tina.xiao@ascent-ir.com
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SOURCE China Xiangtai Food Co., Ltd.