YanGuFang Announces Business Development Updates
- Successful debut of 'Oriental Oats Valley' brand
- Positive reception at the Summer Fancy Food Show
- Expansion into Malaysia market
- None.
SHANGHAI, Aug. 18, 2023 (GLOBE NEWSWIRE) -- YanGuFang International Group Co., Ltd. (the "Company" or "YanGuFang") (Nasdaq: YGF), a health food company primarily engaged in the production, sourcing, research and development, and sales and distribution of oat and grain products across China and internationally, is pleased to announce the following business development and operational updates for the most recent months of June and July 2023.
"The Oriental Oats Valley" Brand Debut
On June 8, 2023, YanGuFang successfully participated in the International Whole Grains Traditional Chinese Medicine Agriculture Summit Forum and China's Wuchuan Oats Singapore Roadshow in Singapore, respectively, marking the official debut of the Company’s branded "Oriental Oats Valley" (“Oriental Oats”) product line. Leveraging its strong domestic supply chain and growing international presence, the Company’s goal is to cultivate Oriental Oats into becoming an internationally recognized brand of high quality whole-grain products that embody a healthy lifestyle while promoting mainland China as a reliable go-to destination for whole grains exports worldwide.
Participation in Food Show in New York City
From June 25th to the 27th 2023, YanGuFang was invited to attend the 67th Summer Fancy Food Show (the “Event”), the largest B2B specialty food industry conference in North America, held annually at the Javits Center in New York City. Throughout the Event, YanGuFang successfully showcased the breadth of its signature products, such as oat germ groats and new oatmeal categories, many of which received a warm and enthusiastic reception from attendees, including representatives from reputable American and Korean supermarket chain operators, the airline industry, and numerous consumer goods and food distributors.
Expansion into Malaysia Market
On July 25, 2023, YanGuFang sponsored and participated in launching the Southeast Asia (ASEAN) International Sugar Free Community Plan at the "International Whole Grains Traditional Chinese Medicine Agriculture (Southeast Asia) Summit Forum and Malaysia Whole Grains Health Public Welfare Initiative" in Kuala Lumpur. The forums focused on promoting whole grain products and their role in preventing the development of chronic diseases across all demographics. YanGuFang is pleased to connect with new distributors and jointly develop new overseas sales channels for its oats and whole grain product lines. The management of the Company anticipates that this will further enhance the YGF brand, drive adoption in an under-penetrated market and diversify its international revenue streams.
About YanGuFang International Group Co., Ltd.
YanGuFang is an integrated enterprise engaged in the production, research and development, sales and marketing of natural oat and whole grain products. The Company is committed to improving human health through its research to explore the nutritional benefits of its products. The Company has developed over 80 products in its natural oat and whole grain series. For more information, please visit the Company's website at http://ir.ygfang.com/.
Forward-Looking Statements
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. Investors can identify these forward-looking statements by words or phrases such as "approximates," "assesses," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may" or similar expressions. These forward-looking statements are not guarantees of future performance and involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs, which may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the Company's ability to develop and sell new or improved products and services, raise capital, deliver customer orders timely, execute its business plans, and attract and retain customers and skilled professionals; risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign exchange rates, the impact of COVID-19 on the Company's businesses, and general economic conditions affecting the Company's industry and other risks contained in reports filed by the Company with the U.S. Securities and Exchange Commission (the "SEC"). The Company undertakes no obligation to update or revise publicly any 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 and encourages investors to review other factors that may affect its future results in the Company's filings with the SEC, which are available, free of charge, on the SEC's website at www.sec.gov.
For investor and media inquiries please contact:
YanGuFang International Group Co., Ltd.
Investor Relations Department
Email: ir@yangufang.com
Ascent Investors Relations LLC
Tina Xiao
President
Phone: +1 917-609-0333
Email: tina.xiao@ascent-ir.com
