CHONGQING, China, Aug. 27,
2020 /PRNewswire/ -- China Xiangtai Food Co., Ltd. (NASDAQ:
PLIN) ("PLIN" or the "Company"), an emerging growth company engaged
in the food processing business, today announced that the grand
opening of its first hot pot restaurant will be held on
August 28, 2020 in Chongqing, China.
Ms. Zeshu Dai, Chairwoman and Chief Executive Officer of the
Company commented, "The grand opening of the first hot pot
restaurant is a significant milestone for our company as it is our
first step to explore a new market and reach out to more customers.
We plan to use a franchise model to open 200 restaurants with our
own brand by 2021. We take pride ourselves in our existing industry
resources and ability to provide consumers with a true
farm-to-table experience. In the future, we will expand our hot pot
chain and we believe it will become a key driver for our
Company."
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 the recent
acquisition of Chongqing Ji Mao Cang Feed Co., Ltd, the Company has
also expanded into the business of feed raw material and feed
formula solutions. 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/.
Safe Harbor Statement
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.
Company Contact
Mr. Xiaohui Wu, President
China Xiangtai Food Co., Ltd.
Phone: +86-1860-117-0697
Email: ir@plinfood.com
Investor Relations Contact
Ms. Tina Xiao, President
Ascent Investor Relations LLC
Phone: +1-917-609-0333
Email: tina.xiao@ascent-ir.com
View original
content:http://www.prnewswire.com/news-releases/china-xiangtai-food-co-ltd-announces-grand-opening-of-its-first-hot-pot-restaurant-in-chongqing-301119225.html
SOURCE China Xiangtai Food Co., Ltd.