Kiwa Bio-Tech Products Group Corp (fka KWBT)

[hugh_jackoman]

KIWA BIO-TECH TO RECEIVE $15 MILLION FOR SOIL RESTORATION IN CHINA

Ontario, CA— (February 13, 2018) – Kiwa Bio-Tech Products Group Corporation (OTCQB: KWBT) (“Kiwa Bio-Tech” or the “Company”), a manufacturer of eco-friendly biological fertilizers promoting safe agriculture practices, announced today that the Company has signed a five-year strategic cooperation agreement with the Yintai Bureau of Fruit Industry of Shaanxi Province (“Yintai Bureau”).

Under the agreement, Kiwa Bio-Tech will be granted for ?100 million yuan (approximately US$15.81 million) by the Jingnong Public Welfare Foundation to restore polluted soil in Yintai District.

Under this cooperative venture, the parties intend to establish an eco-friendly fruit production base covering a total of 30,000 mu (approximately 2,000 hectares) in Yintai district, Shaanxi Province. In addition, pursuant to the agreement, a Kiwa Bio-Tech Tongchuan Retail Outlet Store in Yintai District will be opened to establish channels to introduce Yintai fruit products into high-end markets and the international market. Kiwa Bio-Tech believes that this will facilitate the strategic adaptation of the fruit industry in Yintai, which in turn will increase the income of the local farmers.

http://kiwabiotech.com/kiwa/kiwa-bio-tech-to-receive-15-million-for-soil-restoration-in-china/