[ET Net News Agency, 21 January 2022] China Finance Investment Holdings Limited (00875)
said Guangdong Cypress Jade Agricultural Group Co., Ltd, an indirect wholly-owned
subsidiary of the company, entered into a procurement agreement with Government Offices
Administration of Conghua District, Guangzhou City, Guangdong Province, the People's
Republic of China (the customer).
The customer will purchase grain and oil products, agricultural and sideline products
and other supplies from the Group starting from first quarter of 2022.
Also, Shenzhen Cypress Jade Food Holdings Limited, an indirect wholly-owned subsidiary
of the company, entered into a service agreement with Meituan Select, a business division
for community group purchase services established by Meituan (stock code: 03690) which
offers selected fresh produce and daily necessities for local consumers living in
different communities. Meituan Select now covers more than 90% of the cities and counties
in the PRC.
Based on the service agreement, the group can sell its agricultural and meat produce
through the platform of Meituan Select starting from the end of January 2022. (RC)