nicely spotted.
I used a translator on the april 1st PR shown and it gives a description of things as of that date during more difficult times in the pandemic in China. The translation appears to show that Kiwa becomes "Kantan" in the translator and perhaps that is something that had you worried earlier.
"ELIMINATE THE PANDEMIC AND ENSURE THE USE OF FERTILIZER IN SPRING
You are here:HomePress ReleasesEliminate the epidemic situation...
During the tight period of epidemic prevention and control, in order to ensure the fertilizer demand of the farmer customers of the group company in spring, the Kangtan Shandong production base put into the production of Kangtan biological fertilizer as soon as it resumed production. As of March 15th, nearly 34,000 tons of Kangtan fertilizer products have been sent to customers in Xinjiang, Hainan, and Shandong, including 24,000 tons of bio-organic fertilizer, 8,800 tons of compound microbial fertilizer, and 800 tons of water-soluble fertilizer per mu. Today, the bio-organic fertilizer and compound microbial fertilizer to be sent to Zhouzhi, Shaanxi have been loaded and shipped.
Yu Xiaoqiang, vice president of the group in charge of products and production, said that due to the impact of the epidemic, production at the production base was delayed for nearly a month. It is relatively early for Shandong to resume work nationwide. The production line will be started immediately after the factory resumes, and the original plan will be changed. At the end of February, the orders for the traditional market for the first quarter were completed, and 80% of the shipments were completed before mid-March. The supply in the Shaanxi market also began to arrange shipments according to the needs of the Zhouzhi and Xunyi markets.
Regarding whether the sales plan formulated by the group can be completed, Yu Xiaoqiang said: The epidemic has really had a great impact on the first quarter. In this case, we still completed about 80% of the quarterly sales and shipments. Judging from the current situation of domestic epidemic prevention and control, if it can be fully liberalized in the second quarter, the sales and shipment plans for the next three quarters should be achievable. In order to ensure the farming and fertilization of farmers, the state has given some special policies for the transportation of agricultural materials, and there are basically no restrictions. Kantan will also overcome all difficulties and ensure that our farmer customers use Kantan fertilizer products in time."
The August PR translation is essentially the same as before but some wording differs.
"To investors:
After Kantan entered 2020, its business in the first and second quarters completed 60% of its sales plan due to the impact of the epidemic. However, as all sales revenues were commercial papers, the company was affected by China’s foreign exchange adjustments and bill discount policies. There is a serious shortage of cash. On July 22, the company signed a loan cooperation agreement with the Shaanxi Agricultural Credit Financing Guarantee Company. Because of the complicated loan process, it has not yet received a bank loan. In response to this situation, the company’s board of directors urgently initiated the reorganization of Kantan’s business organization and management structure in China, and has conducted cooperation negotiations with banks and Chinese investors for nearly two months. According to the results of the negotiations, the bank’s funds will be It is obtained before September 30, and the funds of Chinese investors will also complete the subscription of Kangtan shares around mid-September. The board of directors will also adjust the company's operating structure in the United States, and plans to release the 1-3 quarter audit reports together."
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