SHANGHAI, March 30,
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 Supply Chain
Management (Shandong) Co., Ltd.,
has entered into a wheat flour sales and purchase agreement ("the
Agreement") with Shandong Binliang Industrial Development Co. Ltd.
("Binliang"), a company engaged in the purchase and sale of food
additives, feed ingredients, grain, edible agricultural products,
pre-packed food, primary agricultural products, and related storage
and warehousing services. The Agreement represents a significant
initiative of the Company's supply chain business strategy to
increase its presence and accelerate its business growth in the
market of commodity wheat flour.
The wheat flour market in China
has been an essential and dynamic sector due to the country's large
population and its growing demand for food. Wheat flour is a key
ingredient in various traditional Chinese dishes, such as noodles,
dumplings, and steamed buns, which makes it a staple food for
millions of people. China is also
one of the largest wheat producers in the world, with an annual
output surpassing 130 million metric tons in recent years, as
reported by Statista. With the increasing urbanization and changes
in dietary preferences, Chinese consumers are seeking more diverse
and higher-quality wheat flour products, which has led to a surge
in demand for various types of flour.
The Agreement was executed as part of Nisun's supply chain
trading operations. Based on the orders placed by supply chain
customers, Nisun would inform Binliang of the purchased quantity,
delivery date, and other requirements one day in advance and pay
the full amount for the goods within three business days of
receiving the delivery note.
Mr. Xiaoyun Huang, Chief
Executive Officer of Nisun, commented. "We are delighted to enter
into the sales and purchase agreement with Binliang. The
collaboration is expected to significantly bolster our business
footprint and drive the exploration of new expansion in the wheat
flour market. We believe that this partnership will provide us with
a competitive advantage and allow us to offer our customers an even
wider range of quality agricultural products and services. Looking
forward, we are confident to continue expanding our customer base,
strengthening our position in the market, , and yielding increased
value for our shareholders."
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.,
Ltd