Shanghai /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 https://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.