YanGuFang International Group Collaborates with China's Industry-Leading R&D Institution to Promote Whole Grain Crop Breeding and Commercialization

Shanghai, China, May 22, 2023 (GLOBE NEWSWIRE) -- YanGuFang International Group Co., Ltd. (Nasdaq: YGF) (the “Company”), a health food company primarily engaged in the production, research, development, and sales of oat and grain products, today announced the establishment of the Collaborative Innovation Center for Whole Grain Seed Industry Technology (the “Center") in partnership with the China Jilin Baicheng Academy of Agricultural Sciences, an agricultural research institution in China (the "JBC") pursuant to a strategic cooperation agreement the parties entered into (the “Agreement”). Under the Agreement, JBC agreed to contribute personnel with relevant technical expertise and its resources, including its germplasm technology, research capabilities, and its experimental fields. The Company agreed to contribute its industry expertise and fund the expenses related to crop breeding development and commercialization.

Mr. Junguo He, the Chairman and CEO of the Company, commented, “We are excited to cooperate with JBC to establish the Center, which is expected to enhance breeding techniques and expedite the introduction of new and improved varieties of whole grain products to the market. Over the years, we have conducted a series of technological research and development of seed sources from the seed breeding and planting stages. Looking ahead, we anticipate the Center to actively engage in innovative breeding and commercialization of special grain crops, such as oat, buckwheat, and winter rye, in order to develop more products that suit the needs of our customers.”

About JBC

JBC is the primary agricultural research institution in the semi-arid special ecological zone in western Jilin Province, China. Due to the region’s unique geographical characteristics, JBC has established significant research advantages in the study of oats, sunflowers, and mixed grains and beans in China. It is recognized as a leading scientific and technological group, focused on agricultural technology innovation and promotion in western Jilin Province. JBC has established scientific research cooperation and technology exchange relationships with over 20 countries, including Canada, the United States, Russia, Australia, Serbia, Norway, Sweden, the Netherlands, Finland, and Japan. Its aim is to conduct research and promote breeding that aligns with the international standards and brings the institution closer to the forefront of global scientific research.