Benzinga | Dec 31, 2021 08:01AM EST

Nisun International Signs New Grain Supply Chain Cooperative Agreement; Terms Not Disclosed

Nisun International Enterprise Development Group Co., Ltd ("Nisun" or the "Company") (NASDAQ:NISN), a provider of innovative comprehensive solutions through an integration of technology, industry, and finance, today announced it signed a cooperative supply chain agreement with Henan Huangchuan Biandijin AGRI-FOOD.,LTD ("Biandijin"). Under the agreement, Nisun will provide Biandijin with procurement services for grain and oil products, including rice, millet, mung bean, sesame and flour, among others.

Biandijin is a comprehensive grain processing enterprise that engages in the purchase, processing and sale of grain and oil products. It serves retail customers through grocery chains in Henan province and well-known domestic enterprises, such as Sanquan Food and Synear Food, through cooperation.

With the agriculture industry as one of its core service segments, Nisun implements a comprehensive digital management process from procurement, warehousing, logistics, sales to operations in providing solutions to the grain and oilseeds supply chain, a sub-sector of agri-food industry chain. Under the agreement, Nisun will leverage its advanced technology, equipped with risk control measures, to serve Biandijin with professional, high-quality, end-to-end supply chain products with a digitalized, networked and standardized operating model. Simultaneously, Nisun will help Biandijin address challenges attributable to increased demand for grain and oil products through centralized procurement. In addition, through Nisun's systematic management and effective control over core points in supply chain, Biandijin will be able to further expand, enhance competitiveness and achieve sustainable growth.