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Jiangxi Taina Nanfeng Orange Co. Ltd. Announced 6,000 Tons S

时间:2018-10-05 编辑:AG88


NANFENG, China, April 3 /Xinhua-PRNewswire-FirstCall/ -- Jiangxi Taina Nanfeng Orange Co. Ltd. (OTC Bulletin Board: CHFR) ("CHFR" or "the company"), a Chinese company engaged in the planting and marketing of oranges and orange related products, announced that the minimum orange sales volume will exceed 6,000 tons this year according to the agreements signed with Liaoning Shenyang Yunpeng Fruits Limited ("Yunpeng Fruits") and Inner Mongolian Manchuria Menglin Fruits Limited ("Menglin Fruits"). Moreover, the company will provide red wine processing for Shenzhen Loulan Red Wine Company Limited ("Loulan Red Wine") and both sides agreed at least RMB 30 million (or USD 3.75 million) processing capacity.

As per the terms, the company and Yunpeng Fruits signed a sales agreement for selling the Taina-branded Nanfeng tangerine orange in 2007, and has recognized the Liaoning-based company as its general distributor in the three provinces in Northeast China and the contracted volume is 3,000 tons. The company also signed the agreement with Menglin Fruits that will deliver the products at an 8%-off prevailing market price and the contract size is 3,000 tons a year. The annual processing capacity to be based on the orders of the Loulan Red Wine, is a minimum yearly amount of no less than RMB 30 million (or USD 3.75 million). The Loulan Red Wine shall provide trademarks in three types, and the Jiangxi Taina shall print external packing cases and provide accessories, such as bottles, caps, plugs and labels, according to the requirements of the Loulan Red Wine.

"We will continue to strengthen our sales and marketing capacity, and hope to meet our market ratio target this year, that is nearly 5% of market ratio. We are pleased to see these agreements will help to develop the Northeast China market and our sales channel in the Russian market, also help to meet our target," says Mr. Chen Quanlong, Chairman of the Board of CHFR.

Liaoning Shenyang Yunpeng Fruits Limited is a Liaoning-based company which deals with fruits planting, processing and trading. Inner Mongolian Manchuria Menglin Fruits Limited is a Manchuria-based company, and its business covers fruits processing, fruitAAAAport and import. Shenzhen Loulan Red Wine Company Ltd was established on June 2002, and it is the subsidiary company of Xinjiang Loulan Wine Holding (HK 8039) focused on the sales and marketing in China.

About Jiangxi Taina Nanfeng Orange Co. LtAAAAAAAA> China Fruits Corporation, through its wholly-owned subsidiary in China, Jiangxi Taina Nanfeng Orange Co. Ltd. (formerly Jiangxi Taina Fruits Co., Ltd.), is engaged in the planting and marketing of Nanfeng tangerines; the production and sales of fruit wine and nonalcoholic beverages; and R&D in fruit biotech and deep-processing, event organization, management and consulting for fruit branding.

The company is located in Nanfeng country, Jiangxi province, an area considered by many to be the orange capital of China. China Fruits Corporation has registered capital of RMB2 million (or USD$250,000). The company is a good model for industrialized development of Chinese mandarin oranges. They have adopted traditional planting methods in combination with modern nascent technologies to build biological orchards, plant green and organic tangerine oranges, achieve fresh storage by means of hi-tech air-conditioned storehouses, employ hi-tech biological engineering for deep processing (of fruit wine and beverage), biologically abstract orange oil and essence, and to produce biological fertilizer out of orange residues for recycled use in orchards. They have created an entire chain of industries from their R&D, cross-breeding, preservation, and preserved sales processing. The company is considered by some to be one of the nation's leading enterprises for industrialized agriculture.

CHFR has developed a human-based and system-oriented business plan. They endeavor to create national brand recognition in China over the short-term and international brand recognition in the future. CHFR makes it a priority to maximize corporate profits and to bring ideal returns to their investors.

Forward-looking Statements

This report contains 'forward-looking' statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included in this report are forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, economic and political factors; developments of the Chinese, European and North American markets and changes in regulatory matters; our business strategies and future plans of operations; the market acceptance and amount of sales of our products and services; our historical losses; the competitive environment within the industries in which we compete; and our ability to raise additional capital, currently needed for expansion.

The Company cautions that forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements due to several important factors.

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