SHANGHAI, July 22,
2022 /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, announced
Fanlunke Supply Chain Management (Shanghai) Co., Ltd. ("Fanlunke"), a subsidiary
of Fintech (Shanghai) Digital
Technology Co., Ltd. and a controlled affiliate of the Company, has
entered into a supply chain services agreement with Yunnan
Pinhutang Distillery, Co., Ltd. ("Pinhutang Distillery"). Under
this agreement, Fanlunke will provide procurement and supply chain
management services to Pinhutang Distillery to help meet
demand for Agricultural products.
Founded in 2012, Pinhutang Distillery is famous from its
Dendrobium liquor. Dendrobium has been used for thousands of
years as key herbs in traditional Chinese medicine. Dendrobium
contains several chemicals that may have health effects, such as
lowering blood pressure, increasing blood sugar, and reducing
pain.
Pinhutang Distillery focused on its Dendrobium-related
operations, integrating Dendrobium planting, processing, research
& development, and brand marketing since its establishment.
Pinhutang Distillery has 800 mu of Dendrobium organic planting
base, more than 140 mu of modern industrial factories for
Dendrobium product development and processing, as well as a
relatively large-scale rice-flavor liquor production base in
Yunnan province. Sales of
Dendrobium liquor have increased significantly in the past two
years.
"There is a long history of drinking medicinal liquor in
China. In ancient Egypt and China, alcohol was used in herbal medicine.
With more Chinese people exploring new health trends, we believe
Dendrobium and other traditional Chinese medicine products with
health-preserving and healthcare effects have significant growing
potential," said Mr. Xiaoyun Huang,
Chairman and Chief Executive Officer of Nisun International.
"Cooperating with Pinhutang Distillery gives Nisun
opportunities to enter into the Chinese medicinal products
industry. We will leverage our advantages to provide our clients
with effective and high-quality supply chain services."
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 industry experience, Nisun is dedicated to
providing professional supply chain solutions to Chinese and
foreign enterprises and financial institutions. Through its
subsidiaries and controlled companies, 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 and 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 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, and as defined in the
U.S. Private Securities Litigation Reform Act of 1995. 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
ICR, LLC
Tel: +1 203 682 8233
Email: nisun@icrinc.com
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SOURCE Nisun International Enterprise Development Group Co.,
Ltd