Presently, the Chinese government has vigorously promoted the treatment and restoration of polluted land and water resources and plans to invest significant funding to implement remediation projects[/]. Through many experiments related to remediation and restoration of polluted agricultural land, the government has recognized the Company’s core microbial technology as one of the principal technologies for remediation of soil and water resources.
At this time, Yangling and Xibaokun has established Yangling Kangxi Agricultural Technology Development Co., Ltd. (Kangxi), with environmental protection as its main business strategy. Xibaokun holds 60% of the equity and Kiwa Bio-Tech (Yangling) Co. Ltd (“Yangling”) holds 40% of the equity of Kangxi.