Bon Natural Life Limited announced that its third production site – Yumen Plant has completed the building structure of the facility as scheduled and expects to remain on target for the first phase completion around September this year. On the backdrop of BON's recently reported record-setting growth, both in revenues and net income increasing 39.9% and 48.8%, respectively, for the fiscal year ended June 30, 2021 as compared to the same period in 2020, the Company expects that the Yumen Plant will increase the production capacity of fragrance compounds and bioactive food ingredients by 200%, representing an 150% annualized growth potential in overall revenue creating strong value growth for shareholders. The first-phase project of the Yumen Factory is to increase the production capacity of the fragrance compounds and bioactive food ingredients products to meet the existing market and customer demand; the second-phase of the expansion is for the company's new proprietary products including natural prebiotics and functional personal care.

Despite unprecedented challenges caused by the COVID-19 pandemic, the Company has made significant strides in advancing its Yumen plant construction by working closely with local authorities to comply with the COVID-19 control and prevention policies and actively coordinated with local government agencies and partners to solve logistic, construction material and labor shortage issues.