SHANGHAI, April 28,
2023 /PRNewswire/ -- Nisun International Enterprise
Development Group Co., Ltd ("Nisun" or the "Company") (Nasdaq:
NISN), a provider of innovative comprehensive solutions through an
integration of technology, industry, and finance, today announced
that the Company's controlled affiliate, Fintech (Henan) Supply Chain Management Co. Ltd.
("Fintech Henan"), has entered into a procurement agreement (the
"Agreement") with Tancheng County Yuxin Grains Trading Co. Limited
("Tancheng Yuxin"), a company primarily engaged in the purchase and
sales of grains and other agricultural products. The Agreement
represents a key initiative of the Company's supply chain business
strategy to respond to the national policy of rural revitalization
and explore growth opportunities in the corn market.
Corn is a widely used crop with diverse applications, including
the production of corn starch, animal feed, ethanol, sweeteners,
papers, and more. With a large population base, escalating
consumption structure, and the rapid development of China's farming and corn processing industry,
China's demand for corn is on the
upswing. Despite being the second largest corn producer in the
world, China is expected to import
18 million tonnes of corn in the 2022-23 marketing year and to
consume 290.5 million tonnes domestically. The China Corn Market is
projected to register a compound annual growth rate of 3.1% from
2023 to 2028.
The Agreement was executed as a part of Nisun's supply chain
trading operations. Under the Agreement, Fintech Henan will
purchase corn from Tancheng Yuxin based on orders from Xinyi Muyuan
Grains Trading Co. Limited ("Muyuan"). The products will be
delivered to Muyuan's warehouse in batches. Muyuan will make full
payment to Fintech Henan within seven days of receiving the invoice
from Tancheng Yuxin.
Mr. Xiaoyun Huang, Chief
Executive Officer of Nisun, commented, "We are excited to sign the
Agreement with Tancheng Yuxin. Tancheng Yuxin has a proven track
record of offering exceptional products, and we are confident that
this collaboration will enable us to further enhance our supply
chain services and deliver greater value to our supply chain
partners. We look forward to a fruitful and long-lasting
partnership with Tancheng Yuxin. In the future, we will continue to
pursue growth avenues in the agriculture sector and play an even
greater role in facilitating rural revitalization."
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 rich 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, by
cultivating/creating an ecosystem of openness and empowerment.
Nisun has built a linked platform that incorporates supply chain,
banking, securities, trust, insurance, funds, state-owned
enterprises, among other businesses. 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
Ascent Investor Relations LLC
Tina Xiao
Tel: +1 (917) 609 0333
Email: tina.xiao@ascent-ir.com
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SOURCE Nisun International Enterprise Development Group Co.,
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