SOURCE: Kiwa Bio-Tech Products Group Corporation

Kiwa Bio-Tech Products Group Corporation

September 05, 2017 08:00 ET

Kiwa Bio-Tech Joint Venture Focused On The Development of Million-Ton Manufacturing Facilities in Three China Provinces

ONTARIO, CA--(Marketwired - Sep 5, 2017) - Kiwa Bio-Tech Products Group Corporation (OTCQB: KWBT) ("Kiwa Bio-Tech" or the "Company"), a Company focused on eco-friendly organic fertilizers promoting harmless agriculture, today announced the investment objective of its newly established joint venture named Inner Mongolia Jingnong Investment Management Co. Ltd ("Jingnong").

Under terms of the Joint Venture, Jingnong plans to invest in various Company projects of Kiwa, including but not limited to:

1. Expansion of the existing production base in Shandong Province and the construction of 3 new Kiwa Bio-Tech bio-fertilizer manufacturing bases in Inner Mongolia Province, Xinjiang Province, and Guizhou Province. According to Kiwa's projections, the annual production of each manufacturing facility will reach 1 million tons.

2. Establishment of a special fund to invest in the construction and operation of 2 Kiwa Bio-Tech fertilizer industry demonstration parks in Shenzhen, Guangdong Province and Penglai, Shandong Province.

Kiwa CEO Yvonne Wang stated, "The investment projects were developed based on the agreement between Kiwa Bio-Tech and the China Agricultural Products Processing Industry Development Association. With the development of the new joint venture, Kiwa will promote the harmless agriculture to take root in China."

About Kiwa Bio-Tech Products Group Corporation

Leader in Harmless Agriculture Industry Chain
Kiwa Bio-Tech Products Group Corporation develops, manufactures, distributes, and markets innovative, cost-effective and environmentally safe bio-technological products for agricultural and environmental conservation. The Company's products are designed to enhance the quality of human life by increasing the value, quality and productivity of crops and decreasing the negative environmental impact of chemicals and other wastes.

Kiwa is dedicated to eco-agricultural development and environmental control by developing, producing, and selling bio-technological products with high technology, low-cost, and high productivity to satisfy the growing market demand. Kiwa's development is creating a standardized and ecologically safe agricultural industry chain platform. The Company's development effort is based in China, and has gradually expanded to the international market.

Kiwa uses new bio-technological skills at its core, with organic, ecologically sound, and "green" practices as its theme. The Company strives for customer satisfaction and continued development. Kiwa is dedicated to making safe food, further developing eco-agriculture and upholding a responsibility of contributing to China's agricultural safety, food safety, and a healthy lifestyle. For more information on Kiwa and its products, please refer to the Company's website at www.kiwabiotech.com or the Company filings with the United States Securities and Exchange Commission, available for free at www.sec.gov.

This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from any future results described by the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the U.S. Securities and Exchange Commission. The forward-looking information provided herein represents the Company's estimates as of the date of the press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release.

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