Just got the written report of the CC.
CHINA FRUITS CORPORATION TRANSCRIPTS OF CONFERENCE CALL
Conference Call Time: Wednesday, February 11, 2015 – 9:00 PM to 10:00 PM EST; Thursday, February 12, 2015 – 10:00 AM to 11:00 AM CST
Participants: Mr. Quanlong Chen, Chairman and Chief Executive Officer of China Fruits Corporation
Mrs. Hong Zhan, Secretary of the board of China Fruits Corporation
Mrs. Lijie Zhu, Managing Director of Dragon Gate Investment Partners LLC
Mr. Simeng Zhang, Investor Relations Representative of Dragon Gate Investment Partners LLC
Three Chinese Investors
Agenda:
1. Summarized China Fruits Corporation’s achievement in 2014
2. Stated the Company’s Plan in the Future
3. Question time and CEO, Mr. Quanlong Chen answered the questions
4. Closing statement from CEO, Mr. Quan
Conference Content:
1. Summarized China Fruits Corporation ‘s Achievement in 2014
1) By the end of 2014, the number of China Fruits franchise retail stores reached 64, increasing by approximately 914% compared to 7 stores in 2013. At present, there are 47 “Taina Fruits” franchise retail stores in Beijing, 3 in Hebei, 3 in Kunming, 4 in Nanchang and 7 in Hangzhou.
2) China Fruits generated approximately 16 million dollars revenue from exporting Nanfeng tangerines, increasing by approximately 698% compared to 6.36 million dollars in the same period of 2013.
3) Taina Fruits e-commerce section, which is a subordinate brand of China Fruits, also made a great progress last year. It cooperated with more than ten well-known e-commerce platforms, including Tmall (NASDAQ: BABA), JingDong mall (NASDAQ: JD), Taobao (NASDAQ: BABA), yhd.com, Gome.com.cn, and also built up its own official website for online sales. In 2014, Taina Fruits e-commerce generated approximately 1 million dollars revenue, representing an outstanding performance of 100% growth rate every month. It has been rated number one in online sales of fresh fruit in Beijing area since its launch in August 2014. For example, the sales of winter jujube reached 218 tons within only 39 days, which was number one in fruit industry e-commerce in China.
4) By the end of 2014, the total trading volumes are 28, 828, 825; the average closing price for 12 months has an increasing of 782% compared to the same period of 2013
5) Taina co-sponsored “2014 China Fruit Industry Development and Capital Operation Forum” and “2014 China Fruit Industry E-commerce Development Conference” with China Fruit Circulation Association at its new headquarter in Beijing, China. The discussion with industry elites about fruit industry layout and trend will help us in bringing company business to a higher level.
6) Taina First Nationwide Fruit-themed beauty contest took place at the China National Convention Center (CNCC). Yizhuo Wang became the fruit ambassador of Taina.
7) Mr. Quanlong Chen, Chairman and Chief Executive Officer of China Fruits Corporation, attended the 7th international roundtable of multinational corporation leaders conference during APEC.
2. Stated the Company’s Plan in the Future
1) The number of China Fruits franchise retail stores plans to reach 500 in 2017.
2) We plan to devote into developing e-commerce section and our own logistics system in 2015, which is going to be a significant component of our business expanding strategies.
3. Question Time and CEO, Mr. Chenquan Long Answered the Questions
1) What firm is the Independent Registered Public Accounting Firm for CHFR?
Answer: WWC P.C. CPA’s LLC
2) Does CHFR have a direct stock purchase plan?
Answer: No, CHFR does not currently offer a direct share purchase plan.
3) Does the company have a plan to switch the stock market from OTC to main board?
Answer: We are still moving in this direction. When the time is right, we are going to implement it.
4. Closing Statement From CEO, Mr. Quanlong Chen
We develop the following strategic in the future development.
* For the near term, the company needs to do the stock market switching work.
* For the mid-term, the company is going to be a leading company of franchise retail stores, Taina Fruits and e-commerce
* For the long term, the company needs to be first-class brand in fruit industry, bringing more profit to the investors.
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