SHANGHAI, China, Nov. 24, 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, today announced the continued expansion of the Company's presence in China's supermarkets, including Yonghui, Century Mart and RT-MART, bringing YanGuFang's whole grain products to a wider range of consumers. Since the beginning of 2023, the Company has strategically expanded its footprint by establishing new partnerships with supermarkets across China. Simultaneously, the Company has continued to showcase and market its products in supermarkets in China such as Yonghui, Walmart, Century Mart, and RT-MART.
The Company's diverse product portfolio, which includes but is not limited to oat germ oatmeal, oat milk, and oat germ rice, is currently available in multiple regions across China, such as Jiangsu, Beijing, and Anhui. This selection is set to expand further with the upcoming introduction of the Company's organic oat germ oatmeal series and low GI product series in supermarkets including Yonghui, Century Mart and RT-MART.
YanGuFang's success is built on a commitment to innovation and technology. The Company has persistently pursued independent research and development in the realm of whole grain technology, resulting in 30 registered patents in China, one registered patent in the United States, and 49 software copyrights. Through strategic collaborations with prestigious institutions including Jiangnan University and Cornell University, YanGuFang has leveraged outstanding international research talents to drive scientific advances and create whole grain food products that blend nutritional benefits with great taste.
Mr. Junguo He, Chairman and Chief Executive Officer of YanGuFang, commented, "As YanGuFang continues to expand its presence in China's major retail chains, the Company remains dedicated to strengthening its position in the global market and contributing to the advancement of the global whole grain industry. With its strong commitment to innovation, strategic partnerships, and high-quality products, YanGuFang is well-prepared to address the growing demand in China and around the world for whole grain options that are both nutritious and delicious."
About YanGuFang International Group Co., Ltd.
YanGuFang is a health food company engaged in the production, sourcing, research and development, sales and distribution 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, 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: [email protected] Christensen Advisory Jenny Lam Assistant Vice President Phone: +852.2232.3928 Email: [email protected]
