Nisun International Enters Cooperative Supply Chain Agreement with Henan Shiwugu

Rhea-AI Summary

Nisun International Enterprise Development Group Co., Ltd (Nasdaq: NISN) has entered into a cooperative supply chain agreement with Henan Shiwugu Co., Ltd. This agreement aims to enhance Shiwugu's market share through the import of grain products and procurement services. Shiwugu, known for its nutritious food products, is currently facing supply challenges due to limited grain imports from Uzbekistan and Laos. Nisun will leverage its technological and financial resources to optimize Shiwugu's supply chain, reducing costs and fostering growth in the agricultural sector.

Positive

• Nisun's partnership with Shiwugu aims to enhance market share and address supply challenges.
• The agreement will optimize Shiwugu's supply chain, potentially leading to better efficiency.
• Nisun will use its technological and financial assets to support Shiwugu's growth.

Negative

• Shiwugu's demand for grains is currently unmet due to import limitations, impacting its growth.
• The reliance on imports from Uzbekistan and Laos poses risks to supply chain stability.

SHANGHAI, Jan. 7, 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, today announced that it has signed a cooperative supply chain agreement with Henan Shiwugu Co., Ltd. ("Shiwugu"). Under this agreement, Nisun will adhere to an open policy to import grain products, providing procurement and other services, to help Shiwugu broaden its market share.

Shiwugu engages in the processing and sales of pre-packaged foods, bulk foods and agricultural products. Shiwugu has earned a valuable market reputation as a result of its healthy, nutritious products and high-quality services. Despite this, due to the market restraints, the miscellaneous grains imported from Uzbekistan and Laos cannot meet Shiwugu's increasing demand, thereby limiting its plans for growth and expansion. 

Under this agreement, Nisun will leverage its technological advantages, fully mobilize and integrate market resources to improve efficiency and optimize resource integration in Shiwugu's supply chain. Simultaneously, Nisun will rely on its sufficient capital resources to further support Shiwugu by importing grains and other agricultural products from overseas markets, while reducing costs and developing a new development pattern. Nisun will continue using its advantages to support small and medium-sized enterprises, such as Shiwugu, by providing tailored 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, 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/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

FAQ

What is the recent agreement involving Nisun International (NISN)?

Nisun International has signed a cooperative supply chain agreement with Henan Shiwugu to enhance grain imports and optimize supply chain efficiency.

How will the agreement with Shiwugu affect Nisun's business?

This agreement is expected to leverage Nisun's resources to support Shiwugu's growth, potentially increasing Nisun's market presence.

What are the challenges faced by Shiwugu in the supply chain?

Shiwugu is currently facing limitations in grain supply from Uzbekistan and Laos, affecting its growth and market plans.

What financial resources will Nisun utilize in the agreement with Shiwugu?

Nisun will tap into its sufficient capital resources to import grains and support Shiwugu's operations.