SPO Global Inc. Provides Update on Shandong Fangyuan Huizhong's Attendance at the 108th National Sugar and Liquor Commodities Fair

Rhea-AI Summary

SPO Global Inc. (OTC PINK:SPOM) announced its participation in the 108th National Sugar and Liquor Commodities Fair held in Chengdu, Sichuan, from April 12-14, 2023. The exhibition attracted nearly 450,000 attendees, featuring 5,000 booths over an area of 320,000 square meters. Shandong Fangyuan showcased its automatic stretch film packaging machine, which gained significant attention from international and domestic buyers. The company also emphasized its ongoing efforts in brand building and improving product quality in the vacuum packaging sector. The global food packaging market is projected to grow from $338.34 billion in 2021 to $478.18 billion by 2028, driven by evolving consumer lifestyles. Despite positive market indicators, the company acknowledges the challenges that lie ahead for sustainable growth.

Positive

• Participation in a major industry fair, enhancing market visibility.
• Successful showcase of automatic stretch film packaging machine, attracting buyer interest.
• Strong potential for market growth in the food packaging sector, with projections indicating significant expansion.

Negative

• None.

SHANGDONG, CHINA / ACCESSWIRE / April 19, 2023 / SPO Global Inc, (OTC PINK:SPOM) ("SPO Global Inc" or the "Company"), which operates Shandong Fangyuan Huizhong Intelligent Equipment Co., Ltd., today provides an update regarding Shandong Fangyuan's participation in the 108th National Sugar and Liquor Commodities Fair held in Chengdu, Sichuan, China from April 12th to 14th. The company had signed up for the fair in early December 2022.

On April 14, 2023, the 108th National Sugar and Liquor Commodities Fair in Chengdu ended successfully. Shandong Fangyuan participated in the exhibition as scheduled, showcased information solutions tailored to the automation industry, consolidated existing cooperative relationships, explored a large number of potential customers, and laid the foundation for opening up new markets.
This year's conference was hosted at an exhibition area of 320,000 square meters which held 5,000 international standard booths, and nearly 450,000 domestic and foreign professional merchants participated during the event.

After careful preparation, and with exquisite technical level, the automatic stretch film packaging machine equipment has once again become a highlight in the industry. The ingenious design and precise production accuracy have attracted many Chinese and foreign businessmen to stop and watch, consult, and negotiate. Many buyers have encountered technical problems at their processing sites, but after the technical guidance and process optimization of engineers, many customers seemed greatly satisfied and had a high purchase intention.

This event was not only a feast for the industry, but also a harvest journey. At this exhibition, Shandong Fangyuan met many colleagues in different regions, accumulated a variety of food machinery and equipment manufacturing experience, enriched knowledge, and brought back the valuable opinions of many end users.

Automatic stretch film series equipment in the domestic vacuum packaging machine industry has achieved long-term development in recent years, with remarkable achievements, certain brand accumulation and, steady development. With good market operation ability, Shandong Dongguan has occupied a pivotal position in the field of vacuum packaging equipment. Nevertheless, Shandong Fangyuan knows that "the task is heavy and the road is long", and will continue to improve the management system, accelerate the process of brand building of Shandong Fangyuan, rationally face market demand, and create more high-quality products to serve the majority of users and friends.

The global food packaging market is projected to grow from $338.34 billion in 2021 to $478.18 billion in 2028 in forecast period. The growing demand for packaged products due to the shift in evolving lifestyles and eating habits is anticipated to impact the market, says Fortune Business Insights in its report titled, "Food Packaging Market Size, Share, Growth and Forecast 2021-2028".

We encourage our shareholders to visit our corporate Twitter account for more updates: https://twitter.com/spo_global

About SPO Global Inc. (OTC PINK:SPOM):

SPO Global Inc. recently signed a merger agreement with a leading food machinery company, Shandong Fangyuan Huizhong Intelligent Equipment Co., Ltd. (SFHI).

Company Disclaimers: As a Public Traded Company, within the guidelines of Federal and State Securities Law, SPO Global, Inc. may not avail itself of the Safe Harbor provisions as identified in the Private Securities Litigation Reform Act of 1995. However, SPO Global, Inc. provides the following disclaimer and warning to protect our shareholders, prospective investors and the public at large by alerting them to the risks and uncertainties involved with any investment, and the need to perform their own due diligence and assessment.

Forward-Looking Statements: This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the Company's business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in the Company's periodic filings with the Securities and Exchange Commission.

Company Contact:
Jeff Peng
liangjianpeng2018@gmail.com

SOURCE: SPO Global, Inc.

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FAQ

What was the outcome of SPO Global's participation in the 108th National Sugar and Liquor Commodities Fair?

SPO Global showcased its automatic stretch film packaging machines, attracting interest from numerous buyers and enhancing its market visibility.

What are the market projections for the food packaging industry according to SPO Global's press release?

The global food packaging market is projected to grow from $338.34 billion in 2021 to $478.18 billion by 2028.

What challenges does SPO Global acknowledge after the 108th National Sugar and Liquor Commodities Fair?

SPO Global recognizes the need to improve management systems and continue brand building to address future market demands.

What is the significance of the automatic stretch film packaging machine showcased by SPO Global?

The machine received positive attention for its design and technical capabilities, indicating high purchase intentions from visitors.

When was the 108th National Sugar and Liquor Commodities Fair held?

The fair took place from April 12 to April 14, 2023, in Chengdu, Sichuan, China.