YanGuFang International Group Collaborates With China's Industry-Leading R&D Institution To Promote Whole Grain Crop Breeding And Commercialization

Author: Benzinga Newsdesk | May 22, 2023 08:03am

YanGuFang International Group Co., Ltd. (NASDAQ:YGF) (the "Company"), a health food company primarily engaged in the production, research, development, and sales of oat and grain products, today announced the establishment of the Collaborative Innovation Center for Whole Grain Seed Industry Technology (the "Center") in partnership with the China Jilin Baicheng Academy of Agricultural Sciences, an agricultural research institution in China (the "JBC") pursuant to a strategic cooperation agreement the parties entered into (the "Agreement"). Under the Agreement, JBC agreed to contribute personnel with relevant technical expertise and its resources, including its germplasm technology, research capabilities, and its experimental fields. The Company agreed to contribute its industry expertise and fund the expenses related to crop breeding development and commercialization.

 

Mr. Junguo He, the Chairman and CEO of the Company, commented, "We are excited to cooperate with JBC to establish the Center, which is expected to enhance breeding techniques and expedite the introduction of new and improved varieties of whole grain products to the market. Over the years, we have conducted a series of technological research and development of seed sources from the seed breeding and planting stages. Looking ahead, we anticipate the Center to actively engage in innovative breeding and commercialization of special grain crops, such as oat, buckwheat, and winter rye, in order to develop more products that suit the needs of our customers."

Posted In: YGF