CHONGQING, China, Feb. 27, 2020 /PRNewswire/ -- China Xiangtai
Food Co. Ltd. (NASDAQ: PLIN) (the "Company" or the "PLIN"), an
emerging growth company primarily engaged in pork processing in
China, today announced that the
Company has launched online ordering service to communities in
Chongqing, China where residents
have limited outdoor access to food purchase due to the implemented
epidemic control regulations following the spread of COVID-19.
On February 1, 2020, the Company,
through its primary operating subsidiary Chongqing Penglin Food
Co., Ltd, entered into a business cooperation agreement (the
"Agreement") with Chongqing Casin Community Comprehensive Service
Co., Ltd., a wholly-owned subsidiary of Casin Smart Service Group
Co., Ltd. ("CSSG"), a leading property management service provider
in China.Pursuant to the Agreement, Company's products can be
ordered online through CSSG's e-commerce platform and get delivered
to homes within five apartment complexes managed by CSSG in
Chongqing, consists of
approximately 70,000 residents.
Ms. Zeshu Dai, Chairwoman and CEO of China Xiangtai Food,
commented, "We are excited to work with CSSG to launch a online
order and delivery service. It is a good start for us to serve five
communities managed by CSSG and benefit over 70,000 residents. We
hope to leverage the platform and deliver our products to more
communities and help more people in the epidemic."
About China Xiangtai Food Co., Ltd.
Headquartered in Chongqing,
China, China Xiangtai Food Co., Ltd, is a food company
primarily engaged in pork processing. The Company's operations span
key sections of the pork processing value chain, including
slaughtering, packing, distribution, and wholesale of a variety of
fresh pork meat and parts. Primarily focused on pork products, the
Company also offers other fresh and processed products, including
beef, lamb and poultries. Through its core values, the Company is
committed to maintaining the highest standards of food safety,
product quality, and sustainability to provide high-quality,
nutritious, and tasty food in a responsible manner through its
portfolio of trusted brands. For more information, please
visit http://ir.plinfood.com/.
Forward-Looking Statements
This announcement contains forward-looking statements within
the meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. All statements other than statements
of historical fact in this announcement are forward-looking
statements. These forward-looking statements involve known and
unknown risks and uncertainties and are based on current
expectations and projections about future events and financial
trends that the Company believes may affect its financial
condition, results of operations, business strategy and financial
needs. Investors can identify these forward-looking statements by
words or phrases such as "may," "will," "expect," "anticipate,"
"aim," "estimate," "intend," "plan," "believe," "potential,"
"continue," "is/are likely to" or other similar expressions. The
Company undertakes no obligation to update forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations, except as may be required by law.
Although the Company believes that the expectations expressed in
these forward-looking statements are reasonable, it cannot assure
you that such expectations will turn out to be correct, and the
Company cautions investors that actual results may differ
materially from the anticipated results.
For more information, please contact:
Company Contact
Mr. Xiaohui
Wu, President
China Xiangtai Food Co., Ltd.
Phone: +86-1860-117-0697
Email: ir@cqplinfood.com
Investor Relations Contact
Ms. Tina Xiao, President
Ascent Investor Relations LLC
Phone: +1-917-609-0333
Email: tina.xiao@ascent-ir.com
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SOURCE China Xiangtai Food Co. Ltd.