Nisun International Secures Major Corn Supply to Propel Grain Business Expansion and Drive Growth
SHANGHAI, July 15, 2024 /PRNewswire/ -- Nisun International Enterprise Development Group Co., Ltd ("Nisun International" or the "Company") (Nasdaq: NISN), a technology and industry driven integrated supply chain solutions provider, today announced a significant milestone in its grain supply chain business. The Company has secured a supply of over 50,000 tons of corn from Beidahuang Group Co., Ltd., one of China's largest agribusiness groups, in partnership with Rugao Port Group Co., Ltd., a leading port and harbor operator in China.
This strategic procurement marks a critical step in expanding Nisun International's grain business, driving growth by increasing the size and scale of its operations. The secured supply will enhance the Company's ability to provide stable and efficient grain solutions, positioning it for robust growth in the agricultural sector.
Rugao Port Group Co., Ltd. is recognized as a National 5A Logistics Enterprise, AAA Credit Enterprise, and National Supply Chain Innovation and Application Pilot Enterprise. Operating Rugao Port, a national first-class port, Rugao Port Group brings significant logistical and operational expertise to the partnership. Beidahuang Group Co., Ltd. manages over 53,600 square kilometers of land, with 48.7 million acres of arable land. As a national ecological and modern agricultural demonstration area, it produces over 20 billion kilograms of grain annually, with a brand value of RMB 201.9 billion.
"Nisun International's expansion into the grain supply chain is a pivotal development for our company," said Mr. Xin Liu, CEO of Nisun International. "Securing this substantial corn supply not only strengthens our business capabilities but also supports our commitment to contributing to global food security and agricultural development."
Nisun International's grain business aims to establish integrated grain processing and distribution hubs in China's main grain-producing areas, transforming resource advantages into significant economic benefits. By enhancing the entire value chain, from procurement to processing to distribution, the Company promotes regional economic growth, increases operational efficiency, boosts farmer incomes, and supports local economies.
Through this partnership and strategic expansion, Nisun International is poised to achieve high-quality business development, contributing to a stable global food security environment and advancing its business strategy.
About Nisun International Enterprise Development Group Co., Ltd
Nisun International Enterprise Development Group Co., Ltd (NASDAQ: NISN) is a technology-driven, integrated supply chain solutions provider focused on transforming the corporate finance industry. Leveraging its industry experience, Nisun is dedicated to providing professional supply chain solutions to Chinese and foreign enterprises and financial institutions. Through its subsidiaries, Nisun provides users with professional solutions for technology supply chain management, technology asset routing, and digital transformation of tech and finance institutions, enabling the industry to strengthen and grow. At the same time, Nisun continues to deepen the field of industry segmentation through industrial and financial integration. Focusing on industry-finance linkages, Nisun aims to serve the upstream and downstream of the industrial supply chain while also assisting with supply-side sub-sector reform. For more information, please visit http://ir.nisun-international.com/
Cautionary Note Regarding Forward-Looking Statements
This press release contains information about Nisun's view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. Nisun encourages you to review other factors that may affect its future results in Nisun's registration statement and in its other filings with the Securities and Exchange Commission. Nisun assumes no obligation to update or revise its forward-looking statements as a result of new information, future events or otherwise, except as expressly required by applicable law.
Contacts
Nisun International Enterprise Development Group Co., Ltd
Investor Relations
Tel: +86 (21) 2357-0055
Email: ir@cnisun.com
Horizon Research Management Consultancy
Michael Wei
Email: hwey@horizonconsultancy.co
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SOURCE Nisun International Enterprise Development Group Co., Ltd
