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.
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