HONG KONG, Jul 5, 2022 – (ACN Newswire) – Tianyun International Holdings Limited ("Tianyun International", together with its subsidiaries, (the "Group") (Stock Code: 6836.HK), a leading seller and manufacturer of processed fruit products in the People's Republic of China ("PRC"), is pleased to announce that Shandong Tiantong Food Co., Ltd. ("Shandong Tiantong Food"), a wholly-owned subsidiary of the Group, was awarded the honorary titles of Thirteenth Five-year Plan "Social Responsibility Model ", "Advanced Enterprise of Outstanding Contribution " and "Top 10 Enterprises (Export)" in China's canned food industry in 2020 by the China Canned Food Industry Association ("CCFIA"). These awards confirmed the outstanding contribution made by Shandong Tiantong Food in China's canned food industry's three-year special action plan for brand building.

The China Canned Food Industry Development Conference and the Sixth Member Congress of the China Canned Food Industry Association were held in Beijing through both online and offline events. They discussed and analyzed the current state of and future trends for China's canned food industry as well as the role that canned foods play in promoting China's industrial development. The conference also recognized advanced enterprises that have made outstanding contributions to the industry. The council unanimously recognised Shandong Tiantong Food, awarding it with the "Social Responsibility Model" and two other honorary titles for its high-quality products, pragmatic and innovative spirit, conscientious adherence to food safety guidelines, and for being a role model to the entire industry.

Mr. Yang Ziyuan, Chairman and CEO of the Group, said, "We are honored to be recognized by the CCFIA and these awards confirm the Group's overall strength. Looking ahead, we will fully implement innovative development, increase R&D into more innovative products, enhance the food production process, continuously launch high-quality products within various categories and flavors, and improve our food safety management systems. Meanwhile, the Group will accelerate the upgrading of its production technology and break the technical barrier to more fully expand into domestic and international markets. Leveraging the Group's industry-leading position and meeting our social responsibility to drive high-quality development within the industry, we will strive to become one of Mainland China's leading fruit product & beverages companies and thereby contribute to society and give back to consumers for their support and trust."

About Tianyun International Holding Limited (Stock Code: 6836.HK)
Tianyun International Holdings Limited (the "Company") and its subsidiaries (collectively referred to as the "Group") are principally engaged in (i) the research and development, production and sales of processed fruit packaged in metal containers, plastic cups, glass containers and aluminum foil bags and beverages ii) trading of fresh fruit. Processed fruit products are sold both under their own brands "Bingo Times", "fruit zz" and "Tiantong Times" and on an OEM basis. The beverages are sold under their own brand Shiok Party "Shiok Party" and "Yao Gu Ji".

The Group has been consistently committed to providing its customers with healthy and safe products. As a food enterprise with one of the most complete quality certifications, we rigorously adhere to stringent international production standards and are accredited with BRC (A), IFS Food (High), FDA(FSMA), HALAL, SC, KOSHER, BSCI and ISO22000, etc. in respect of our production facilities, quality control and management. The Group has also passed the internal food-production standards reviews and audits from the several UK and US supermarket chains. At the same time, as a Chinese "Equal production line; Equal standard; Equal quality" food production and export enterprise, the Group has been supplying products of equivalent quality to domestic and international markets. Since 2016, the Group's own-brand processed fruit products have continued to achieve high market recognition, and have also been awarded the honor and qualification of "China Canned Product Quality Certification Label" by national associations.

The Group was awarded China's Most Promising Listed Companies by internationally-renowned financial magazine Forbes, and the "2017 Linyi Mayor Quality Award" by the PRC government in 2017. The Group's new and proprietary researched, developed and produced pure fruit snack food received a national "Certificate of Invention Patent" in 2018. The Group was awarded the national Hi-tech Enterprise Certificate in 2019. In 2020, the Group was recognised as one of the Most Valuable Chinese Brands for the fourth consecutive year.

For more information, please visit www.tianyuninternational.com

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HONG KONG, Jul 4, 2022 – (ACN Newswire) – Ausnutria Dairy (1717) issued an announcement yesterday to inform the Company's shareholders and potential investors that the Group expects to record a notable year-on-year ("YoY") decrease in revenue and net profits for the six months ended 30 June 2022.

The Group's revenue for the 1H 2022 is anticipated to achieve approximately RMB3,350 million to RMB3,500 million, representing a YoY decrease of 18.0% to 21.6%. The Group also expects to record the profit attributable to equity holders of the Company for the 1H 2022 in the range of RMB95.0 million to RMB160.0 million, representing a YoY decrease of 73.1% to 84.0%. Such decrease is mainly attributable to the decrease in revenue from the Own-branded Cow Milk Powder, owing to the Group's active adjustment of distribution channels in response to market changes as well as the macro-environmental factors.

Due to lower birth rate in Mainland China and stringent anti-epidemic measures in some regions, the infant formula industry faced unprecedented challenges in 1H 2022. According to AC Nielsen, the industry's sales level for the period from January to April 2022 decreased by 4.4% YoY, and the sales volume decreased by 6.2% YoY, showing an overall downward trend. However, benefiting from Hyproca 1897's outstanding product quality and successful brand-building efforts over the years, at the retail level, Ausnutria's market share in term of sales maintained a steady growth in 1H 2022. Data from the same market research revealed that the market share of Hyproca 1897 for the period ended 30 April 2022 increased YoY by 0.5 percentage points, and revenue generated from Kabrita still outperformed the market.

With a compound annual growth rate ("CAGR") of 34.1% for the last five years, the Group's Own-branded Cow Milk Powder has experienced significant growth since its establishment. The Hyproca 1897 business unit recorded an even sharper five-year CAGR of 61.7%. The estimated decrease in revenue for 1H 2022 is mainly due to the provision of products with better shelf life and of higher quality to customers, as well as the active adjustments made to reduce inventory pressure of major distributors and channel partners. Since the end of 2021, the Group has been enforcing more stringent control over the total inventory level of its distribution channel by slowing down the delivery of the Own-branded Cow Milk Powder to distributors. Indeed, our Own-branded Goat Milk Powder experienced a short-term and one-off proactive adjustments in its distribution channel in 2021. The results showed the Group's channel management, distributor co-operation and brand power are strengthening and becoming more resilient. The Own-branded Goat Milk Powder in the People's Republic of China (the "PRC") resumed double-digit YoY growth in 2021. Furthermore, the adjustment is expected to be completed in the third quarter of 2022. With the adoption of channel adjustments and overall improvement in products, branding and servicing, the Group is confident that Hyproca 1897 will fully return to solid growth in 2H 2022.

Regular improvements with foresight planning are the key to staggering long-term results. The Group prioritizes the long-term development principle in the Company's growth through carrying out business activities based on the needs of consumers and distributors while pursuing the development of a healthy industry ecosystem. The Group believes inventory pressure can be reduced by active adjustments and collaboration with distributors. Consumer rights and distributors' confidence can hence be protected and enhanced respectively, as the Company lays the foundation for long-term development and brings more far-reaching returns to shareholders.

About Ausnutria Dairy Corporation Ltd
Ausnutria Dairy Corporation Ltd is a leading infant milk formula company with production facilities principally based in the Netherlands, the PRC, Australia and New Zealand. The Company is engaged in the worldwide production, R&D, and sales of infant formula, adult milk formula and other dairy and nutrition products. It owns several famous infant formula brands, including "Kabrita", "Allnutria" and "Hyproca". Ausnutria's factories in the PRC were among the first batch of factories that had been granted with the National Infant Formula Enterprise Production Permit. The factories in the Netherlands and Australia of Ausnutria were also among of the first infant milk formula manufacturers to obtain import licenses for overseas products under the new policy in the PRC.


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HONG KONG, Jun 28, 2022 – (ACN Newswire) – China Wantian Holdings Limited ("China Wantian" or the "Group"; stock code: 01854.HK) is pleased to announce its audited annual results for the year ended 31 March 2022 (the "financial year" or the "year under review").

During the year under review, China Wantian continued to operate its business in Hong Kong. The Group is principally engaged in sourcing, processing and supplying food ingredients, with a focus on the provision of vegetables and fruit to food service operators in Hong Kong. It currently supplies in excess of 1,300 food ingredients to more than 480 customers. Leveraging the relaxation of social distancing measures and 2021 Consumption Voucher Scheme by Hong Kong government, the local consumer sentiment and operating environment in the catering industry gradually improved. Benefitting from an increase in orders with signs of revival in the food and beverage sector, the revenue of the Group recorded remarkable growth prior to the outbreak of the fifth wave of COVID-19 in Hong Kong. Total revenue of the year increased by approximately 19.7% year-on-year to approximately HK$127.7 million, with gross profit and gross profit margin of approximately HK$18.7 million (Year ended 31 March 2021: HK$13.2 million) and 14.6% (Year ended 31 March 2021: 12.4%) respectively. However, in support of its business development and expansion, higher operating expenses were incurred during the year under review, among which were legal and professional fees accrued in relation to the general offer. A provision for expected credit losses of approximately HK$5.4 million was recognised following the assessment of the credit history of its customers and market conditions during the year under review, loss for the year of approximately HK$11.0 million was subsequently recorded. The Board does not recommend the payment of a final dividend for the financial year (Year ended 31 March 2021: Nil).

In May 2022, the Group established its Greater Bay Area headquarters in Shenzhen's Nanshan district, marking its official debut in the high-potential Greater Bay Area market. At the same time, the Group announced that it will double its effort to develop three main businesses including fresh food supply, retail and catering, as well as environmental protection and technology, grasping opportunities and actively enhancing its brand recognition in the Greater Bay Area, in order to expand its customer base and market share while enhancing diversity in business and maintaining its competitiveness.

With regards to fresh food supply business, the Group will capitalise on its advantages in Hong Kong supply chain business, exercising superior task management in respect of procurement, orders, inventory, receipt and delivery, boosting efficiency to deliver fresh ingredients to customers in a safe, efficient and cost-effective manner. At the same time, the Group plans to replicate its successful experience in the local market in the Greater Bay Area market and also identify potential business partners and explore opportunities in this new market to expedite its development, by working with leading partners and efficiently sharing resources, in hopes of grasping the huge demand of the Greater Bay Area market and expanding income source.

In addition, the Group will actively grow its downstream business, including retail- and catering- related business. The Group strives to seize the business opportunities of the retail and catering industry in the Greater Bay Area, further expanding its restaurant network to other cities and its catering business territory in the Greater Bay Area. Leveraging its advantages of the having a whole-industry supply chain that includes upstream, midstream and downstream businesses, the Group will open more restaurants featuring fresh ingredients and gradually establish its food and beverage brand "Wantian Catering". Recently, the Group has strategically opened two restaurants named "Hong Kong Style Seafood Hot Pot Restaurant" and "Korean Seafood BBQ Restaurant" featuring fresh ingredients in Zhongshan city, Guangdong Province. The Group will actively enhance its brand recognition in the Greater Bay Area to expand its customer base and market share.

In environmental protection and technology business, the Group actively supports the national development approach of "modern agricultural technology and environmental protection", integrating agricultural technology and green environmental protection, utilising available rooftop for farming and increasing the urban green area. This enables the Group to promote the idea of green city with the supplies of "safe vegetables", and also promote the concept of green education to enterprises and schools in the Greater Bay Area, thus supporting the region's sustainable development.

The Group will continue to adopt its multi-pronged approach to accelerate the business development in the Greater Bay Area. Subsequent to the establishment of its headquarters in the Greater Bay Area, the Group officially opened its Zhongshan Branch this month. On 23 June 2022, a grand opening and unveiling ceremony was held in its Zhongshan Branch with the presence of Mr. HOOY Kok Wai, Chairman of the Board and Executive Director; and Mr. ZHONG Xueyong, Chief Executive Officer and Executive Director of China Wantian. The establishment of Zhongshan Branch signifies that Zhongshan, Guangdong province will become the Group's regional headquarters in the Zhuhai-Zhongshan-Jiangmen Economic Circle. The Group is also optimistic about the business prospects of Zhongshan, Guangdong Province, striving to embark its three main businesses from Zhongshan, Guangdong Province and gradually expand its businesses to the Greater Bay Area market.

Looking ahead, following the phased easing of social gathering restrictions by Hong Kong government, the catering business environment has improved significantly. The Group expects its business in the city to develop steadily. At the same time, the role of Group's Hong Kong headquarters as a financial centre can provide full support as a strong backing to its Shenzhen headquarters. As the Chinese economy is expected to recover rapidly in the post-pandemic era, the Group's Greater Bay Area business will become increasingly important. In the long run, the business in the Greater Bay Area is expected to bring stable and sustainable income to the Group and poised to become the key growth engine for the Group's business. The Group officially changed its Chinese and English name respectively to "China Wantian Holdings Limited" in December 2021, manifesting its adjustment in business strategies and proactive rejuvenation of corporate image, which fosters the future business development of the Group.

The Group's management expressed that the Greater Bay Area, being one of China's most open and economically vital regions, is of great importance for the nation's continued development. With its huge market, unique regional advantages, open trade environment and dynamic industry structure, the Greater Bay Area will create unprecedented development opportunities for the Group. The establishment of the Group's Shenzhen headquarters is the first part of its business development strategy for the Greater Bay Area. In the future, the Group will focus on developing three main businesses in this market, including fresh food supply, retail and catering, as well as environmental protection and technology. The Group will establish a whole-industry supply chain that includes upstream, midstream and downstream businesses in the Greater Bay Area, and boost its market share by leveraging its unique competitive advantages. The management believe that the three main business initiatives, with their strong synergies, will open up unique opportunities and facilitate the establishment of a leading green brand in the Greater Bay Area.

About China Wantian Holdings Limited
China Wantian (1854.HK) is principally engaged in sourcing, processing and supplying food ingredients, with a focus on the provision of vegetables and fruit to food service operators in Hong Kong. It supplies in excess of 1,300 food ingredients to more than 480 customers. In May 2022, China Wantian established its Greater Bay Area headquarters in Shenzhen, marking its official debut in the Greater Bay Area market. The Group will focus on developing three main businesses in this market, including fresh food supply, retail and catering, as well as environmental protection and technology and actively establish a leading green brand in the Greater Bay Area to provide customers with fresh, healthy and safe food.

For more details, please visit: chinawantian.etnet.com.hk


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HONG KONG, Jun 20, 2022 – (ACN Newswire) – Dynasty Fine Wines Group Limited ("Dynasty" or the "Group") (stock code: 00828), a premium grape winemaker in China, has upgraded its products in 2022, launching two smaller volume – 373ml and 180ml – wine series in screw cap bottles, and also the Pleasant Color gift box and "Chinese style" product series, offering consumers more new and fashionable products and also to capture share in the young consumer market.

The Group has launched the innovative 373ml and 180ml Dynasty dry red and semi-dry white series, sizes "disruptive" of the traditional wine market, to help it tap the young consumer market. Unlike the traditional 750ml bottles the Group offers, the new products come with the screw cap to make them more convenient to enjoy, and young people today like to enjoy their wines anytime, anywhere. Of the two new products, intending to snatch a piece of the market from beer, the 180ml comes in boxes of six, giving young people another choice of drinks in gatherings. As for the 373ml series, it promises added value to consumers. With O2O platform support, consumers can scan the product QR code and get rewards, not only helping foster interaction between consumers and the brand, but also giving consumers direct benefits and surprises, and ultimately allowing Dynasty's products to reach wider consumer groups.

A grape wine series of entry-level prices, Pleasant Color targets to appeal to young consumers and has been well received since its debut last year. This year, a gift box has been created for it, a gift option ideal for gatherings with family and friends and festive celebrations. In addition, the ready-to-drink series for young consumers, pairs well with hot pot, fusion and private kitchen dishes, thus is popular among young people. With such attributes and support of new media marketing on including Xiaohongshu, Douyin, Kuaishou and Weibo, the series has become a hot choice on the Internet.

Dynasty's products typically carry on the bottle the "DYNASTY" brand name. To strengthen brand awareness, the Group has launched a "Chinese style" edition showing its name in Chinese, to bring home its position as a domestic grape wine brand and also to attract mainstream e-commerce consumers who love what China makes and favors. Dynasty plans to promote the series via e-commerce channels and, on top of presence on mainstream e-commerce platforms, efforts will be made to exploit new retail channels using such supplementary promotional means as live streaming or videos.

In recent years, Dynasty has been actively pursuing innovation, embracing the "5+4+N" product strategy, with "N" standing for developing various customized products and continuously creating new products to meet the diverse needs of different Chinese consumer groups. The Group's product upgrade in 2022 entailing the launch of new products more convenient to enjoy, young and chic, and agreeing with the crave for all things China, can help invigorate the brand, strengthen the deployment of products for young consumers, as well as consolidate the image of Dynasty as a representative domestic grape wine brand.



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