Kiwa Bio-Tech Holds Annual Meeting and Its First Working Session of 2020 By Video Conference

Yangling, Shaanxi, Feb. 18, 2020 (GLOBE NEWSWIRE) -- Kiwa Bio-Tech Products Group Corp. (OTCQB: KWBT) (“Kiwa Bio-Tech” or “the Company”), an emerging agricultural company that develops, manufactures and markets bio-fertilizers for use in the multi-billion China agriculture and aquaculture markets and the developer of smart soil remediation technology for use in agriculture markets worldwide, is pleased to announce that on February 14, 2020, the Company held its 2020 annual meeting and the first working session meeting. Due to the severity in China of COVID-19, the annual meeting was held by video conference and was attended by the representatives of the company in Beijing, Shandong, Shaanxi China and the United State of America.

Kiwa Bio-Tech Products Group Corp. CEO Ms. Yvonne Wang summarized the company's milestones to date and provided insight regarding Kiwa plans for growth in the year ahead. “A total team effort allowed Kiwa to achieve all of our 2019 goals regarding R&D, manufacturing, sales and marketing.” The total 2019 sales and shipments of Kiwa’s various fertilizer products was over 164,000 tons.

Kiwa and the China Post Savings Bank have reached a mutual understanding to support commercial loans for Kiwa’s fertilizer clients. The loans from the Postal Savings Bank to Kiwa’s customers will help the Company in a variety of ways. The company expects sales to increase and also expects to collect payment from sales within a much quicker time frame in 2020.

The company also engaged Xibaokun, an agricultural company as a strategic partner. This relationship will help facilitate key agricultural projects in Shaanxi, Zhejiang and help to start our soil remediation business in 2020. We plan to utilize the company’s core technology products in future soil remediation projects throughout China.”

The company’s 2020 forecast includes an expected increase in revenues compared to 2019 from its base of clients in the Shaanxi province. In addition, Kiwa plans to launch two new products for fruit planting and soil remediation in 2020.

“We remain committed to growing our business throughout the Country of China and we are also focused on delivering increased shareholder value in 2020,” added Wang.

About Kiwa Bio-Tech Products Group Corp.
Leader in Eco-friendly Agricultural Industry Chain

Kiwa Bio-Tech Products Group Corp. (KWBT) is an emerging agricultural company that develops, manufactures and distributes innovative and environmentally safe bio-technological products for agriculture and aquaculture markets with corporate headquarters in the Yangling, Shaanxi, China. Kiwa’s focus is to positively impact the environment by reducing the amount of chemical fertilizers that are being used by agricultural growers in China.