Kiwa Bio-Tech Products Group Corp (fka KWBT)

[hugh_jackoman]

MUTUAL BENEFIT, KANGTAN AND ABC TO EXPAND NEW MARKETS

Kangtan Biotechnology Co., Ltd. (hereinafter referred to as “Kangtan”) and the Agricultural Bank of China Tongchuan Branch (hereinafter referred to as “Agricultural Bank”) have reached a cooperation to provide local farmers with “Hui Nong e-loan” agricultural loans. At present, the branches and sub-branches of neighboring counties and cities are also interested in cooperating with Kangtan to expand new markets.

“Weinong e-loan” is an online, batch, convenient and inclusive loan product designed by the Agricultural Bank of China based on Internet big data technology. The loan funds can be used for production and operation and purchase of Kangtan products. In addition to securing a low loan annualized interest rate of only 5.65%, Kangtan will assist farmers in applying for loans, and will also provide discount or other preferential policies for farmers with good credit. At the same time, “Weinong e-loan” has flexible loan quotas and multiple repayment methods to provide convenience and good services for farmers.

Kangtan had previously joined the Postal Savings Bank and launched a “agricultural loan” in the workstation market area, which was very popular. The “Huinong e-loan” launched in cooperation with the Agricultural Bank of China has provided more channels and options for farmers' loans.

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