Farmmi Showcases Products at Asia's Largest Food Innovation Exhibition

LISHUI, China, May 23, 2023 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI), an agriculture products supplier in China, today announced Zhejiang Farmmi Biotechnology Co., Ltd. showcased its enhanced product line and growing global brand at Asia's largest food innovation exhibition, the 2023 China International Food and Beverage Exhibition (the "2023 SIAL China") in Shanghai on May 18-20, 2023 at the Shanghai New International Expo Center. This year's food industry summit theme – Bracing the World, Embracing Change – underscored Asia's prominent role in the global food production and supply chain.

Founded in 2000, SIAL China (www.sialchina.cn) is co-hosted annually by the China Commerce Development Centre and the Comexposium Group. The 2023 SIAL China was held at the Shanghai New International Expo Center. As the most important annual event in China's food and beverage industry, China Food Fair brings buyers from across the world together to jointly build the most influential food industry trade platform. The event sets the standard for the companies entering Asia, while providing the region's food industry with market insight and opportunities for innovation, making it a high-level, world-renowned international food and beverage event.

Ms. Yefang Zhang, Chairman and CEO of the company, said, "This was another highly successful event for Farmmi, as participants once again embraced the in-person format after a long pandemic hiatus. We are excited to be talking face-to-face with our partners and prospective partners, as we work to revitalize our sales and the overall industry. We received very positive feedback, as we discussed development of agricultural products and how to strengthen the supply chain. We are also very pleased with the sales buzz, including for our new mushroom gift box for domestic trade, which is one of many products we exhibited during the food industry summit.

Ms. Zhang continued, "At present, we are in the rapid recovery period of China and the world economy, and China has set its near-term focus of polices on strengthening trade, promoting market expansion, stabilizing and expanding the scale of import and export of key products, accelerating the innovative development of foreign trade, and optimizing the foreign trade development environment. We continue to execute on our Company's growth, expand our business and further enhance our brand, as we leverage years of export experience and the professionalism of our factory production services."

About Farmmi, Inc.

Established in 1998, Farmmi Inc. (NASDAQ: FAMI) is an agricultural products supplier, processor and retailer of edible mushrooms like Shiitake and Mu Er, as well as other agricultural products. Farmmi sells its products both online and offline. For further information about the Company, please visit Farmmi's website.

Forward-Looking Statements

No statement made in this press release should be interpreted as an offer to purchase or sell any security. Such an offer can only be made in accordance with the Securities Act of 1933, as amended, and applicable state securities laws. Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectations and intended to qualify for the "safe harbor" under the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding lingering effects of the Covid-19 pandemic on our customers' businesses and our end purchasers' disposable income, our ability to raise capital on any particular terms, fulfillment of customer orders, fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, our ability to realize revenue from expanded operation and acquired assets in China, our ability to attract and retain skilled professionals, client concentration, industry segment concentration, and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings. These filings are available at www.sec.gov. Farmmi may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. In addition, please note that any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of the date of this press release. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.

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SOURCE Farmmi, Inc.