YanGuFang International Group Collaborates with China's Industry-Leading R&D Institution to Promote Whole Grain Crop Breeding and Commercialization

Shanghai, China, May 22, 2023 (GLOBE NEWSWIRE) -- 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.

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