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Tuesday, 18 June 2019, 17:56 HKT/SGT

Source: Tianyun International Holding Limited
Tianyun International Signed a Strategic Co-operation Memorandum with the Qingbaijiang District Government of Chengdu, Sichuan and SC Foods
To Invest in the Largest specialty Fruit and Vegetable Deep Processing Center, Sorting and Grading Center and International Trade Center in Western China

HONG KONG, June 18, 2019 - (ACN Newswire) - Tianyun International Holdings Limited ("Tianyun International", together with its subsidiaries, the "Group") (Stock code: 6836.HK), a leading seller and manufacturer of processed fruits products in China, is pleased to announce that it signed a Memorandum of Strategic Co-operation with Sichuan Development International Holding Company Limited (Sichuan Development International) and SC Foods Co., Ltd.("SC Foods"). According to the agreement, the three parties will carry out strategic cooperation on the trade and processing of agricultural products such as fruits and vegetables in Sichuan, China. SC Foods will use its own market and technical advantages to assist Tianyun International with the implementation and operation of food deep-processing and international trade center project.

SC Foods Co., an influential global economic and business group and has more than 400 years of history. It is also a comprehensive multinational company ranked among the top 500 in the world. Through the cooperation, all three parties will build a close strategic partnership to promote Sichuan's specialty agricultural products and food to a wider international market, and to promote more possible international cooperations.

According to the "Agreement on Sichuan Special Agricultural Food Deep Processing and International Trade Center Project Investment" signed by Tianyun International and Qingbaijiang District, Chengdu, an investment of US$110 million is expected to establish a joint venture with the aim of beoming the largest specialty fruit and vegetable deep-processing, sorting and grading as well as international trade center. Tianyun International will fully exploit its advantages of deep processing of specialty agricultural products and international trade channels for overseas high-end markets, and will be built into leading domestic food processing and trade leading enterprises. The project, after complete, will become a leading domestic food processing and trade leader in fruit and vegetable deep-processing with capacity of 80,000 tons/year, fruit and vegetable grading and sorting capacity of 60,000 tons/year, and fruit and vegetable products with an international trade volume exceeded RMB100 million.

Mr. Yang Ziyuan, Chairman and CEO of the Group, said, "Sichuan Province has excellent natural resources, unique geographical location, and rich varieties of fruits and vegetables. After the establishment of the joint venture, Qingbaijiang District, as the Chengdu International Railway Port, is believed to assist Sichuan Province to fully use the location advantage. SC Foods Co., Ltd is one of the three major economic groups in Japan and has maintained close business contacts with the Group. The tripartite cooperation is the icing on the cake, in line with our common development goals, and gives management more confidence to become one of the leading fruit product manufacturers in China and worldwide, in order to reward consumers and investors with better products and better performance."

About Tianyun International Holding Limited (Stock Code: 6863.HK)
Tianyun International Holdings Limited (the "Company") and its subsidiaries (collectively referred to as the "Group") are principally engaged in (i) the production and sales of processed fruit packaged in metal containers, plastic cups, glass containers and aluminium foil bags ii) trading of fresh fruit. Processed fruit products are sold both under our own brands and on an OEM basis.

The Group has been consistently committed to provide healthy and safe products to its customers. As one of the food enterprises with the most complete quality certifications, we have always been dedicated to following stringent international production standards and are accredited with BRC (A), IFS Food (High), FDA, HALAL, SC, KOSHER, BSCI and ISO22000 in respect of our production facilities, quality control and management. The Group has also passed the internal food production standard reviews and audits from some of the UK and US supermarket chains. At the same time, within China, as a "Equal production line; Equal standard; Equal quality" food production and export enterprise, the Group has been supplying products of equivalent quality to domestic and international markets. Since 2016, the Group's own brand processed fruit products have continued to obtain a high degree of market recognition, and have been awarded by a national institution the honour and qualification of "China Canned Product Quality Certification Label", become the first fruit processor in China's fruit processing industry to put the "Zero Added Preservative Canned Products" label for its products sold in China.

The Group was awarded 2017 China's Most Promising Listed Companies by the internationally renowned financial magazine Forbes and became the only integrated food production and sales enterprise in Linyi City, Shandong Province, which was awarded the "2017 Linyi Mayor Quality Award". The Group's newly researched and developed pure fruit snack food also received the "Certificate of Invention Patent" from the State Intellectual Property Office of the People's Republic of China in 2018.

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June 18, 2019 17:56 HKT/SGT
Topic: Press release summary
Sectors: Daily Finance, Daily News
From the Asia Corporate News Network

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