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Nisun International signs agreement to expand supply chain services in agriculture industry

Nisun International Enterprise Development Group Co., Ltd, a provider of innovative comprehensive solutions through an integration of technology, industry, and finance, today announced Fintech Supply Chain Management (Henan) Co., Ltd, a subsidiary of Fintech (Shanghai) Digital Technology Co., Ltd and a controlled affiliate of the Company, has signed a supply chain cooperative agreement with Haikou Jinlvguo Fruit Production & Marketing Cooperative ("Haikou Jinlvguo"). Under this agreement, the two parties will cooperate in the field of agriculture supply chain.

According to the agreement, utilizing its supply chain management capabilities, Nisun will help connect Haikou Jinlvguo at the upstream of the supply chain with reliable sales channels to increase Jinlvguo's sales volume and market shares. Through this cooperation, Nisun will apply its digital technologies to the agricultural supply chain, using Internet, Internet of Things, and other technologies to incorporate modern logistics and financial technology into supply chain. As such, Nisun will serve as a bridge between core enterprises and the market, helping to establish a comprehensive platform in the agricultural supply chain for sharing upstream and downstream information on product market supply and demand, transactions, prices and other information.

"The integration of digital technology and the agricultural industry will reshape the business model of the agricultural supply chain," commented Mr. Xiaoyun Huang, Chairman and Chief Executive Officer of Nisun International. "Nisun will explore the logistics, capital flow and information flow in the supply chain, using the relationship between the core enterprise and the principal supply chain to improve the credit capacity of other members, prevent misinformation, and improve the industrial chain, helping those in low credit groups obtain loans. This change will also promote further cooperation in the supply chain management and resource sharing among  Nisun and core enterprises in the upstream and downstream of supply chains."

Haikou Jinlvguo was established on March 10, 2009 as a professional cooperative economic organization for farmers. It operates under the Qiongshan City Supply and Marketing Cooperative Association and is a fully-funded institution directly under the Haikou Municipal People's Government. Haikou Jinlvguo was listed as a public institution with reference to Civil Servants Law in June 2007. From 2000 to 2003, according to deployment from the municipal government, Haikou Jinlvguo completed restructure of 10 state-owned enterprises under its administration, including those focused on local products, coal, construction, agricultural materials, production, recycling, trading, and supply and marketing.

 

For more information:
Nisun International Enterprise Development Group Co., Ltd
Tel: +86 (21) 2357-0055
Email: ir@cnisun.com

ICR, LLC
Tel: +1 203 682 8233
Email: nisun@icrinc.com


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