The Company aims to open 200 hot pot franchisees by the end of 2021

Chongqing, CN – August 13 2020 – China Xiangtai Food Co., Ltd. (NASDAQ: PLIN) (“PLIN” or the “Company”), an emerging growth company engaged in the food processing business, today announced that it plans to launch a hot pot franchise business and plan to open its first location in Chongqing by August 31, 2020. The launch will allow the Company to integrate its existing industry resources and leverage its strength to provide consumers with a farm-to-table experience.

The Company plans to expand the hot pot chain by applying a franchise model and increase the number of restaurants to 200 by the end of 2021. All restaurants will be operated under Company’s own brand “Xiangtai Fresh Beef Hot Pot”. The Company plans to recruit a team of seasoned restaurateurs with more than 20 years of professional experience to manage and operate the franchise chain.

Ms. Zeshu Dai, Chairwoman and Chief Executive Officer of the Company commented, “We are excited about the launch of our hot pot restaurant franchise. We hope to meet the robust demand by supplying fresh and flavorful meat products on the retail level, thus creating additional revenue channels. Being competitive in the hot pot  business requires high quality food supplies and extensive food industry experience, which are our strengths. We believe PLIN has tremendous potential and this new business will position the Company to create long-term value.”

About China Xiangtai Food Co., Ltd

Headquartered in Chongqing, China, China Xiangtai Food Co., Ltd, is a food company primarily engaged in pork processing. The Company’s operations span key sections of the pork processing value chain, including slaughtering, packing, distribution, and wholesale of a variety of fresh pork meat and parts. Primarily focused on pork products, the Company also offers other fresh and processed products, including beef, lamb and poultries. Through the recent acquisition of Chongqing Ji Mao Cang Feed Co., Ltd, the Company has also expanded into the business of feed raw material and feed formula solutions. Through its core values, the Company is committed to maintaining the highest standards of food safety, product quality, and sustainability to provide high-quality, nutritious, and tasty food in a responsible manner through its portfolio of trusted brands. For more information, please visit http://ir.plinfood.com/.

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.

Company Contact

Mr. Xiaohui Wu, President
China Xiangtai Food Co., Ltd.
Phone: +86-1860-117-0697
Email: ir@plinfood.com

Investor Relations Contact

Ms. Tina Xiao, President
Ascent Investor Relations LLC
Phone: +1-917-609-0333
Email: tina.xiao@ascent-ir.com

Source:  China Xiangtai Food Co., Ltd

Chongqing, China – July 22, 2020 – China Xiangtai Food Co., Ltd. (NASDAQ: PLIN) (“Xiangtai” or the “Company”), an emerging growth company engaged in the food processing business, today announced that the Company, through its primary operating subsidiary Chongqing Penglin Food Co. Ltd., has entered into a lease agreement (the “Agreement”) to expand hog breeding business in Guangxi Province. Pursuant to the Agreement, the Company has agreed to rent a 2,500-square-meter hog breeding farm (the “Farm”) with four hog breeding houses in Guangxi for five years until May 7, 2025.

“By combining the capacity of the Farm and business experience of our company, we will be able to have better control of the supply chain and thus our company to continue building our competitive advantages in the  market,” said Ms. Zeshu Dai, Chairman and Chief Executive Officer of China Xiangtai Food Co., Ltd.

Mr. Xiaohui Wu, President and Director of China Xiangtai Food Co., Ltd.  commented, “We are implementing our vertical integration strategy to seize development opportunities. The Farm can further optimize the deployment of PLIN’s production capacity while also increasing the quality of our offerings at fair and stable prices since we are able to control the supply end of our products. We believe this move will furthur enhance the Company’s profitability and realize our commitment to increase long-term shareholder value.”

About China Xiangtai Food Co., Ltd

Headquartered in Chongqing, China, China Xiangtai Food Co., Ltd, is a food company primarily engaged in pork processing. The Company’s operations span key sections of the pork processing value chain, including slaughtering, packing, distribution, and wholesale of a variety of fresh pork meat and parts. Primarily focused on pork products, the Company also offers other fresh and processed products, including beef, lamb and poultries. Through the recent acquisition of Chongqing Ji Mao Cang Feed Co., Ltd, the Company has also expanded into the business of feed raw material and feed formula solutions. Through its core values, the Company is committed to maintaining the highest standards of food safety, product quality, and sustainability to provide high-quality, nutritious, and tasty food in a responsible manner through its portfolio of trusted brands. For more information, please visit http://ir.plinfood.com/.

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.

Company Contact:
Mr. Xiaohui Wu, President
China Xiangtai Food Co., Ltd.
Phone: +86-1860-117-0697
Email: ir@plinfood.com

Investor Relations Contact

Ms. Tina Xiao, President
Ascent Investor Relations LLC
Phone: +1-917-609-0333
Email: tina.xiao@ascent-ir.com

Source:  China Xiangtai Food Co., Ltd.

New York, NY –  May 27, 2020 – China Xiangtai Food Co., Ltd. (NASDAQ: PLIN) (“Xiangtai” or the “Company”), an emerging growth company engaged in the food processing business, today provided a business update and reported on recent corporate developments.

The Company noted that the U.S. Senate passed the Holding Foreign Companies Accountable Act, which would require the Securities Exchange Commission to prohibit the trading of companies whose auditor has not been under the inspection of the Public Company Accounting Oversight Board (PCAOB). The Company assures that its consolidated financial statements were audited by a PCAOB-inspected public accounting firm and therefore would not be subject to proposed prohibition.

Although not affected by the Senate Bill so far, the Company remains committed to providing transparent disclosure to its shareholders. To protect the interests of investors, the Company will keep enhancing transparency and disclosure.

As the restaurants gradually reopen, overall pork demand in China is expected to recover. The Company has fully resumed manufacturing activities this month. All employees are required to adhere to applicable safety protocols including but not limited to appropriate social distancing measures, strict sanitization practices, the use of personal protection equipment, and daily employee health checks.

To maintain business continuity and stability, Xiangtai strategically develops towards the upstream of the food supply chain. Recently, the Company rented a 2,500 square meter hog farm in Guangxi Province, further expanded into hog breeding business and vertically integrated the food supply chain.

“Businesses are as usual for us and our operations are back to normal to meet the demand of our customers. As a company serving people’s essential needs, we are doing our best to provide healthy and safe products to our customers and to support our valued channel partners,” said Ms. Zeshu Dai, Chairman and Chief Executive Officer of China Xiangtai Food Co., Ltd. “While expanding into hog breeding business, we are producing our products in a more environmentally friendly way and ensuring higher quality. We expect to continue expanding the market share in the southwest area.”

“During 2020 we have continued to make significant progress on our strategic priorities, despite the unprecedented challenges posed by the global COVID-19 pandemic,” Said Mr. Xiaohui Wu, President and Director of China Xiangtai Food Co., Ltd. “We are confident that vertical integration strategy can benefit our stakeholder as the retail trends are progressing healthier.”

About China Xiangtai Food Co., Ltd

Headquartered in Chongqing, China, China Xiangtai Food Co., Ltd, is a food company primarily engaged in pork processing. The Company’s operations span key sections of the pork processing value chain, including slaughtering, packing, distribution, and wholesale of a variety of fresh pork meat and parts. Primarily focused on pork products, the Company also offers other fresh and processed products, including beef, lamb and poultries. Through the recent acquisition of Chongqing Ji Mao Cang Feed Co., Ltd, the Company has also expanded into the business of feed raw material and feed formula solutions. Through its core values, the Company is committed to maintaining the highest standards of food safety, product quality, and sustainability to provide high-quality, nutritious, and tasty food in a responsible manner through its portfolio of trusted brands. For more information, please visit http://ir.plinfood.com/.

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.

Company Contact

Mr. Xiaohui Wu, President

China Xiangtai Food Co., Ltd.

Phone: +86-1860-117-0697

Email: ir@plinfood.com

IR Contact:

Dragon Gate Investment Partners LLC
Tel: +1(646)-801-2803
Email: PLIN@dgipl.com

Source:  China Xiangtai Food Co., Ltd.

Palm Beach, FL – May 6, 2020 – The global protein ingredients market size is projected to grow from USD $49.8 billion in 2019 to USD 70.7 billion by 2025, at a CAGR of 6.0% through 2025. Plant-based protein ingredients are produced from crops such as wheat, canola, pea, and soy. Soy protein market has been expanding at a significant pace owing to health benefits offered by the product. Plant protein ingredients market is expected to grow significantly over the next few years on account of relatively inexpensive price than the animal-derived variants. Consumers are increasingly adopting plant protein ingredients as they are perceived to be healthier and more nutritious than their animal-based counterparts. A recent report from MarketsAndMarkets which projects continued growth, said: “The protein ingredients market is driven by factors such as the increasing demand for protein functionalities, awareness about healthy diet & nutritional food, new technological development in the protein ingredients industry, growth in demand for superior personal care and healthcare products, and increase in consumption of animal by-products, which are in turn supported by the economic growth, technological advancements, and consumer preference for functional products. However, factors such as stringent government regulations on animal-sourced protein are expected to restrain the market growth of animal protein.  Active stocks in news today include:  China Xiangtai Food Co. Ltd. (NASDAQ: PLIN), Mondelez International, Inc. (NASDAQ: MDLZ), Beyond Meat, Inc. (NASDAQ: BYND), Hormel Foods Corporation (NYSE: HRL), Archer-Daniels-Midland Company (NYSE: ADM).

The article continued with “The plant source of the protein ingredients market is projected to be the fastest-growing, in terms of value. The demand for plant sourced protein has increased due to changing consumer preferences from meat to plant-based protein. In addition, plant-based protein ingredients are a major source of protein for vegans worldwide. High nutritional profile, low carbon footprint, and low price of plant-sourced protein are driving the consumption of these proteins. It is also gaining an increasing level of importance due to its lower energy consumption, emissions, land usage, and water consumption; it also offers better input conversion efficiency.”

China Xiangtai Food Co. Ltd. (NASDAQ: PLIN) BREAKING NEWS – Goldman Small Cap Research Issues New Research Update On China Xiangtai Food Co., Ltd. – Goldman Small Cap Research, a stock market research firm specializing in the small cap and microcap sectors, announced today that it has released a new research update on China Xiangtai Food Co., Ltd., (NASDAQ – PLIN). The Company is a leading pork products and pork processing company in China. This report carries a price target. To view the new research update, along with disclosures and disclaimers, or to download it and the original full report in their entirety, please visit http://www.goldmanresearch.com.

In the Opportunity Research update, analyst Rob Goldman discusses the potential major financial impact of the Company’s recent acquisition and joint venture on the Company, along with drivers of the Company’s business model, and financial forecasts.

Goldman noted, “Since our initial report in late May, PLIN has not only executed a highly profitable and accretive complementary business acquisition, but closed on a major joint venture which provides the Company with unrivalled positioning through vertical integration. The Company PLIN acquired a 51% controlling interest in Chongqing Ji Mao Cang Feed Co., Ltd.(“JMC”), a private enterprise specializing in feed raw material sales and providing feed formula solutions. The deal enables PLIN to expand the southwest market in China but also adds roughly $70 million, or a 70% in annualized sales.”

“Meanwhile, the recently announced 10-year joint venture with Chongqing Fengjie County Rural Ecological Agriculture Development Co., Ltd. (“FEA”) increases PLIN’s vertical integration by immediately adding hog breeding capabilities,” commented Goldman. “Pork is a major food staple in China and PLIN is a leading provider throughout the food chain.”

“Given the recent events, we have raised our forecasts and our price target is under review for a potential upgrade as well. Plus, it appears additional business development opportunities are in the offing later this year, enabling PLIN to establish a stronghold in this sector. Publicly traded pork companies such as Hormel are near year highs as this category serves as a popular defensive group during these difficult economic and market conditions. As a US-traded pure play on this sector in China, PLIN could follow a similar path,” concluded Goldman.    Source:  Goldman Small Cap Research

In other industry news this week of note includes:

Mondelez International, Inc. (NASDAQ: MDLZ) recently reported its first quarter 2020 results.  “We had a strong first quarter, with record market share gains, and executed very well in challenging circumstances, thanks to the dedication and commitment of our colleagues, especially those on the front line, who are working tirelessly to provide food to consumers around the world,” said Dirk Van de Put, Chairman and Chief Executive Officer. “In the last month of the quarter, we saw a significant increase in consumer demand for our snacks in developed markets, particularly in North America, which more than offset a more challenging environment in several emerging markets.

“Our priority at this time is to protect our colleagues and maintain business continuity in service of our customers and consumers around the world. We remain confident that with our dedicated people, our portfolio of trusted global and taste-of-the-nation local brands, our strong balance sheet, access to significant liquidity and our clear strategic priorities, we have everything we need to manage through this pandemic and emerge stronger on the other side.”

Hormel Foods Corporation (NYSE: HRL) recently announced the launch of its virtual internship program to accommodate 60 college students from around the country. With internships in flux at many corporations due the effects of COVID-19, Hormel Foods believed it was imperative to not only honor its commitment to their inspired summer interns, but rethink and revolutionize its entire program.

“There is so much uncertainty facing college students today given remote study, as well as internship and job offers being rescinded,” says Amy Sheehan, director of talent acquisition at Hormel Foods “We wanted to take this worry away from our group of interns as we confirmed with them all that our internship program will be moving ahead with exciting virtual options and ways to collaborate in new and innovative ways this summer.”

Beyond Meat, Inc. (NASDAQ: BYND) recently announced that it has entered into a new $150 million five-year secured revolving credit facility (the “New Credit Facility”) to support its future growth initiatives. The New Credit Facility also includes an accordion feature for up to an additional $200 million.

“Our current cash and liquidity position is strong, and we are pleased to complete this New Credit Facility on terms that will provide Beyond Meat with a greater amount of financial flexibility and better position the Company for long-term success,” said Mark Nelson, Beyond Meat’s Chief Financial Officer and Treasurer. “We appreciate the support of our lenders as this transaction lowers our cost of capital, is expected to support our future global growth initiatives and enables greater strategic flexibility. We remain committed to providing consumers around the world with great-tasting plant-based meats, while contributing to important health, climate, natural resource, and animal welfare goals.”  The New Credit Facility matures on April 21, 2025 and replaces the Company’s existing secured credit arrangements.

Archer-Daniels-Midland Company (NYSE: ADM) recently announced an additional $800,000 in donations to organizations focused on addressing needs during COVID-19, including food assistance, hunger relief, and local support to hospitals and first responders.

“These are unprecedented times, and ADM is committed to doing our part to help address the tremendous need around the world right now,” said Chairman and CEO Juan Luciano. “We are proud to take part in Giving Tuesday’s efforts to unite companies, individuals and communities around the world to tackle the great challenges brought on by the global fight against COVID-19.”

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This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

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SOURCE Financialnewsmedia.com

Anticipated Annualized Revenue of $170,000,000 by Expanding into China’s Southwest Market

Chongqing, China – April 3, 2020 – China Xiangtai Food Co. Ltd. (NASDAQ: PLIN) (“Company” or “PLIN”), an emerging growth company primarily engaged in pork processing in China, today announced that the Company, through its subsidiary Chongqing Jinghuangtai Enterprise Management Consulting Co., Ltd., entered into a definitive agreement (the “Agreement”) to acquire a 51% controlling interest in Chongqing Ji Mao Cang Feed Co., Ltd. (“JMC”). JMC is a private enterprise specializing in feed raw material sales and providing feed formula solutions, and the acquisition is expected to help the Company expand its market in Southwest China.

As previously announced, the Company entered into a non-binding Memorandum of Understanding (the “MOU”) to acquire 51% controlling interest in JMC, one of the leading feed suppliers in southwest China. JMC has more than 200 customers in the farm industry and nearly 100 customers in the feed production industry. In 2019, JMC sold more than 200,000 tons of soybean meal, exceeding $70,000,000 (RMB 500 million) in sales. With the Company’s revenue of $102,545,152 in its last fiscal year, PLIN expects this acquisition to increase its gross revenue by 70% on an annual basis.

Pursuant to the Agreement, subject to certain milestones to be achieved by JMC, the Company agreed to issue to JMC a total of 2,000,000 shares of the Company’s ordinary share for consideration equal to $7,420,000 over the next two years.

Ms. Zeshu Dai, Chairwoman and CEO of China Xiangtai Food, commented, “We are thrilled to enter into a definitive agreement with JMC. Combining JMC’s capability in feed raw material and formula solutions with PLIN’s commercial strength as a leading provider of pork products will make a dramatic impact on our penetration and expansion into China’s southwest market. Looking ahead, we will continue to implement the Company’s growth strategy to create value for our shareholders.”

Mr. Xiaohui Wu, the President and Director of China Xiangtai Food, added, “The acquisition of JMC will further enable the Company to respond to the growing demand for pork in China. We believe that our business and profitability will benefit from this expanded vertical integration of the industry supply chain and network. Further, this transaction will accelerate our already impressive growth in this vital market.”

About Ji Mao Cang Feed Co., Ltd.

Founded in 2012, Chongqing Ji Mao Cang Feed Co., Ltd(“JMC”). is a private enterprise specializing in feed raw material sales and feed formula solutions. JMC has entered strategic alliances with large grain and oil companies such as Sinograin, COFCO, Cargill, Good Ocean, and Louis Dreyfus, and has obtained general distributorship in Chongqing, Sichuan and other places. JMC has more than 200 customers in the farm industry and nearly 100 customers in the feed production industry. In 2019, JMC had sold more than 200,000 tons of soybean meal and reported a revenue of RMB 525 million and a profit of RMB 15 million.

About China Xiangtai Food Co., Ltd.

Headquartered in Chongqing, China, China Xiangtai Food Co., Ltd, is a food company primarily engaged in pork processing. The Company’s operations span key sections of the pork processing value chain, including slaughtering, packing, distribution, and wholesale of a variety of fresh pork meat and parts. Primarily focused on pork products, the Company also offers other fresh and processed products, including beef, lamb and poultries. Through its core values, the Company is committed to maintaining the highest standards of food safety, product quality, and sustainability to provide high-quality, nutritious, and tasty food in a responsible manner through its portfolio of trusted brands. For more information, please visit http://ir.plinfood.com/.

Forward-Looking Statements

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.

For more information, please contact:

Company Contact

Mr. Xiaohui Wu, President

China Xiangtai Food Co., Ltd.

Phone: +86-1860-117-0697

Email: ir@plinfood.com

Investor Relations Contact

Ms. Tina Xiao, President

Ascent Investor Relations LLC

Phone: +1-917-609-0333

Email: tina.xiao@ascent-ir.com

Source:  China Xiangtai Food Co., Ltd.

Expected Increased Revenue of $70,000,000 USD to Expand China’s Southwest Market

Chongqing, China – March 26, 2020 – China Xiangtai Food Co. Ltd. (NASDAQ: PLIN) (the “Company” or the “PLIN”), an emerging growth company primarily engaged in pork processing in China, today announced that the Company, through its subsidiary Chongqing Jinghuangtai Enterprise Management Consulting Co., Ltd., entered into a non-binding Memorandum of Understanding (the “MOU”) to acquire 51% controlling interest in Chongqing Ji Mao Cang Feed Co., Ltd.(“JMC”), a private enterprise specializing in feed raw material sales and providing feed formula solutions, to expand the southwest market in China.

Pursuant to the MOU signed on March 23, 2020, PLIN proposed to acquire 51% controlling interest of JMC, one of the leading feed sales companies in southwest China. JMC has more than 200 customers in farm industry and nearly 100 customers in feed production industry. In 2019, JMC sold more than 200,000 tons of soybean meal, exceeding RMB 500 million (approximately $70,000 USD) in sales. Given the Company’s revenue of fiscal year 2019 was $102,545,152USD, PLIN is expected to increase 70% of revenue through this acquisition.

Ms. Jiaping Zhou, General Manager of JMC, commented, “We are pleased to have an opportunity to start a partnership with a Nasdaq listed company, and it is regarded as an essential milestone in JMC’s history. JMC stands to benefit greatly from PLIN’s senior experience and resources in the food industry, and values PLIN’s continued involvement as we look to further expand JMC’s profitability with the development of production capability and enhancements to our distribution channels.”

Ms. Zeshu Dai, Chairwoman and CEO of China Xiangtai Food, commented, “We are enthusiastic about partnering with JMC to continue accelerating the growth of the Company. This move is in line with our growing strategy of solidifying our industry position by gaining additional market share and expanding our product portfolio. With JMC’s capability in feed raw material and formula solutions, we can improve our industrial chain and our competitiveness to position well for the expansion.”

Mr. Xiaohui Wu, the President and Director of China Xiangtai Food, added, “The integration between the Company and JMC will further strengthen PLIN’s dedication in assuring people’s basic needs, as well as highlight both companies’ efforts to fight for respective industry leading position in Chongqing City and Sichuan Province. The robust marketplace not only creates a new business model for industry chain enterprises to unite and strategically increase profitability through maximizing capability allocation, but also boosts competitiveness by providing related supporting services throughout the industry chain.”

About Ji Mao Cang Feed Co., Ltd.

Founded in 2012, Chongqing Ji Mao Cang Feed Co., Ltd(“JMC”). is a private enterprise specializing in feed raw material sales and feed formula solutions. JMC has entered strategic alliances with large grain and oil companies such as Sinograin, COFCO, Cargill, Good Ocean, and Louis Dreyfus, and has obtained general distributorship in Chongqing, Sichuan and other places. JMC has more than 200 customers in farm industry and nearly 100 customers in feed production industry. In 2019, JMC had sold more than 200,000 tons of soybean meal and reported a revenue of RMB 525 million and a profit of RMB 15 million.

About China Xiangtai Food Co., Ltd.

Headquartered in Chongqing, China, China Xiangtai Food Co., Ltd, is a food company primarily engaged in pork processing. The Company’s operations span key sections of the pork processing value chain, including slaughtering, packing, distribution, and wholesale of a variety of fresh pork meat and parts. Primarily focused on pork products, the Company also offers other fresh and processed products, including beef, lamb and poultries. Through its core values, the Company is committed to maintaining the highest standards of food safety, product quality, and sustainability to provide high-quality, nutritious, and tasty food in a responsible manner through its portfolio of trusted brands. For more information, please visit http://ir.plinfood.com/.

Forward-Looking Statements

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.

For more information, please contact:

Company Contact

Mr. Xiaohui Wu, President

China Xiangtai Food Co., Ltd.

Phone: +86-1860-117-0697

Email: ir@plinfood.com

Investor Relations Contact

Ms. Tina Xiao, President

Ascent Investor Relations LLC

Phone: +1-917-609-0333

Email: tina.xiao@ascent-ir.com

Source:  China Xiangtai Food Co. Ltd.

Chongqing, China –  February 27, 2020 – China Xiangtai Food Co. Ltd. (NASDAQ: PLIN) (the “Company” or the “PLIN”), an emerging growth company primarily engaged in pork processing in China, today announced that the Company has launched online ordering service to communities in Chongqing, China where residents have limited outdoor access to food purchase due to the implemented epidemic control regulations following the spread of COVID-19.

On February 1, 2020, the Company, through its primary operating subsidiary Chongqing Penglin Food Co., Ltd, entered into a business cooperation agreement (the “Agreement”) with Chongqing Casin Community Comprehensive Service Co., Ltd., a wholly-owned subsidiary of Casin Smart Service Group Co., Ltd. (“CSSG”), a leading property management service provider in China.Pursuant to the Agreement, Company’s products can be ordered online through CSSG’s e-commerce platform and get delivered to homes within five apartment complexes managed by CSSG in Chongqing, consists of approximately 70,000 residents.

Ms. Zeshu Dai, Chairwoman and CEO of China Xiangtai Food, commented, “We are excited to work with CSSG to launch a online order and delivery service. It is a good start for us to serve five communities managed by CSSG and benefit over 70,000 residents. We hope to leverage the platform and deliver our products to more communities and help more people in the epidemic.”

About China Xiangtai Food Co., Ltd.

Headquartered in Chongqing, China, China Xiangtai Food Co., Ltd, is a food company primarily engaged in pork processing. The Company’s operations span key sections of the pork processing value chain, including slaughtering, packing, distribution, and wholesale of a variety of fresh pork meat and parts. Primarily focused on pork products, the Company also offers other fresh and processed products, including beef, lamb and poultries. Through its core values, the Company is committed to maintaining the highest standards of food safety, product quality, and sustainability to provide high-quality, nutritious, and tasty food in a responsible manner through its portfolio of trusted brands. For more information, please visit http://ir.plinfood.com/.

Forward-Looking Statements

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.

For more information, please contact:

Company Contact
Mr. Xiaohui Wu, President
China Xiangtai Food Co., Ltd.
Phone: +86-1860-117-0697
Email: ir@cqplinfood.com

Investor Relations Contact

Ms. Tina Xiao, President
Ascent Investor Relations LLC
Phone: +1-917-609-0333
Email: tina.xiao@ascent-ir.com

SOURCE China Xiangtai Food Co. Ltd.