Kiwa Bio-Tech Products Group Corp (fka KWBT)

[Mick Tenbagger]

KIWA released a great 8K-filling today!

Highlights are:

- KIWA will receive 8,77 acres of land from administration committee of Yangling Agricultural High-Tech Industry Demonstration Zone for constructing a new manufacturing facility!

- KIWA will receive almost 500.000 $ in incentives!

- KIWA will receive tax preferences for the first 3 years of production!

- annual production will be around 65.000.000 $!


https://www.otcmarkets.com/filing/html?id=13016323&guid=v_uMUamhH0WdOth


Item 1.01 Entry into a Material Definitive Agreement.

On October 12, 2018, Kiwa Bio-Tech Products Group Corp. got the approval from the Administrative Committee of Yangling Agricultural High-tech Industry Demonstration Zone to obtain land to construct a new manufacturing facility to help meet the growing demand in China for bio-fertilizers. Yangling Free Trade Zone has agreed to offer Kiwa Bio-Tech approximately US$432,975 (3,000,000 RMB) in incentives and provide tax preferences for the first three years of production.

The manufacturing facility will specialize in developing and producing Kiwa Bio-Tech’s core microbes, the fundamental components for making high-quality bio-fertilizers. The total facility construction area is approximately 8.77 acres, and will include fermentation and production terminals, agricultural produce sorting facilities and storage, a research and development institute and corresponding ancillary facilities. The construction of the manufacturing facility is expected to be completed in 2020 and have a production capacity of 60,000 tons of Kiwa Bio-Tech’s core microbes. The annual production value is expected to be over US$65 million (approximately 462 million RMB).