Nisun International Lands $82M Corn Supply Deal with Chinese Agricultural Giant

Nisun International Expands into Agricultural Supply Chain with Strategic Cooperation Agreement

Shanghai, Dec. 2, 2024 /PRNewswire/

Nisun International Enterprise Development Group Co., Ltd. (“Nisun International” or the “Company”) (Nasdaq: NISN), a technology and industry-driven integrated supply chain solutions provider, has announced a significant expansion into the agricultural supply chain. This expansion is made possible through a strategic cooperation agreement with Henan Yingda Feng Agricultural Development Co., Ltd. (“Henan Yingda Feng”). The agreement involves the annual supply of 200,000 tons of corn products, with a value of approximately RMB 600 Million (approximately $82 million USD).

This agreement marks a major milestone for Nisun International as it diversifies its business and strengthens its position as a leading supply chain solutions provider. Building on its successful entry into the rubber supply chain industry, Nisun International is now leveraging its advanced supply chain capabilities to drive innovation and efficiency in the agricultural sector.

Strategic Highlights of the Agreement:

1. A Strategic Expansion in Agricultural Supply Chains: Nisun International’s move into corn supply chain solutions represents a significant breakthrough in its agricultural supply chain strategy. This expansion builds on the company’s foundation as a leading supplier of eggs and its successful entry into the rubber supply chain.
2. Recognition in Henan Province, China’s Agricultural Hub: Henan Province, one of China’s largest producers and consumers of agricultural products, recognizes the importance of Nisun International’s supply chain services. This collaboration demonstrates the growing recognition of Nisun International’s capabilities by key players in the agricultural sector.

“This agreement is a testament to our ability to deliver value to core users in critical industries,” said Xin Liu, CEO of Nisun International. “Our entry into the corn supply chain builds on our proven expertise in integrated supply chain services, highlighting our ability to support key agricultural regions like Henan Province. We are proud to contribute to the development of China’s agricultural supply chain ecosystem.”

About Nisun International Enterprise Development Group Co., Ltd.

Nisun International Enterprise Development Group Co., Ltd. (NASDAQ: NISN) is a technology-driven, integrated supply chain solutions provider focused on transforming the corporate finance industry. The company provides professional supply chain solutions to Chinese and foreign enterprises and financial institutions. Through its subsidiaries, Nisun International offers technology supply chain management, technology asset routing, and digital transformation services to tech and finance institutions. The company aims to strengthen and grow the industry through industrial and financial integration, focusing on industry-finance linkages and supply-side sub-sector reform. For more information, please visit http://ir.nisun-international.com/

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements regarding Nisun International’s future expectations, plans, and prospects. Actual results may differ materially from historical results or those indicated by these forward-looking statements due to various factors, including but not limited to risks and uncertainties associated with funding, business maintenance and growth, operating results, brand enhancement, product and service development, integration of acquired companies, technologies and assets, marketing initiatives, competition, government regulation, economic conditions, personnel recruitment and retention, and intellectual property protection. Nisun International encourages readers to review other factors that may affect its future results in its filings with the Securities and Exchange Commission. The company assumes no obligation to update or revise its forward-looking statements.

Source: Nisun International Enterprise Development Group Co., Ltd.

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SDGs, Targets, and Indicators Analysis

1. Which SDGs are addressed or connected to the issues highlighted in the article?

• SDG 2: Zero Hunger
• SDG 8: Decent Work and Economic Growth
• SDG 9: Industry, Innovation, and Infrastructure
• SDG 12: Responsible Consumption and Production

The article discusses Nisun International’s expansion into the agricultural supply chain, specifically in the corn supply chain. This aligns with SDG 2, which aims to end hunger, achieve food security, improve nutrition, and promote sustainable agriculture. Additionally, the company’s efforts to diversify its business and strengthen its position as a leading supply chain solutions provider connect to SDG 8, which focuses on promoting sustained, inclusive, and sustainable economic growth, full and productive employment, and decent work for all. The expansion also relates to SDG 9, which aims to build resilient infrastructure, promote inclusive and sustainable industrialization, and foster innovation. Finally, the emphasis on driving innovation and efficiency in the agricultural sector aligns with SDG 12, which promotes responsible consumption and production.

2. What specific targets under those SDGs can be identified based on the article’s content?

• SDG 2.3: By 2030, double the agricultural productivity and incomes of small-scale food producers.
• SDG 8.2: Achieve higher levels of economic productivity through diversification, technological upgrading, and innovation.
• SDG 9.2: Promote inclusive and sustainable industrialization and, by 2030, significantly raise industry’s share of employment and gross domestic product.
• SDG 12.3: By 2030, halve per capita global food waste at the retail and consumer levels and reduce food losses along production and supply chains, including post-harvest losses.

The article does not explicitly mention the specific targets under the SDGs. However, based on the content, we can identify relevant targets. Under SDG 2, the target to double agricultural productivity and incomes of small-scale food producers by 2030 is relevant as Nisun International’s expansion into the corn supply chain can contribute to improving agricultural productivity and potentially benefit small-scale food producers. For SDG 8, the target to achieve higher levels of economic productivity through diversification, technological upgrading, and innovation aligns with Nisun International’s efforts to diversify its business and leverage advanced supply chain capabilities. SDG 9’s target to promote inclusive and sustainable industrialization and raise industry’s share of employment and GDP is relevant as Nisun International’s expansion into the agricultural supply chain can contribute to the growth of the industry. Lastly, SDG 12’s target to reduce food losses along production and supply chains is relevant as Nisun International’s focus on driving innovation and efficiency in the agricultural sector can help reduce post-harvest losses.

3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?

The article does not mention specific indicators. However, potential indicators that can be used to measure progress towards the identified targets include:

• Percentage increase in agricultural productivity and incomes of small-scale food producers
• Percentage of economic productivity attributed to diversification, technological upgrading, and innovation
• Industry’s share of employment and gross domestic product in the agricultural sector
• Reduction in post-harvest losses in the corn supply chain

These indicators would help assess the impact of Nisun International’s expansion into the agricultural supply chain and its contribution to the relevant SDG targets.

SDGs, Targets, and Indicators Table

Source: stocktitan.net