China Eco-Farming Limited Announces Cessation of Trading Business on Jinlongyu and Mengniu Brands
January 02, 2018 at 05:28 am
Reference is made to the announcements of China Eco-Farming Limited (the "company") dated 28 October 2015 and 30 November 2015, the board of directors of the company would update the shareholders and potential investors of the company that the exclusive distributorship agreement on "Jinlongyu" brand has expired on 30 June 2017 and that on "Mengniu" brand has expired on 31 December 2017 respectively. After series of negotiations, the company was unable to reach a new agreement with the respective counterparties under the exclusive distributorship agreements. Therefore these two trading businesses ceased from 1 January 2018.