Runfeng acquires Spanish agrochemical enterprises

Recently, Runfeng issued an announcement that it will acquire the Spanish agrochemical company Exclusivas in cash Sarabia, 100% equity
interest in S.
A.
After the completion of the transaction, Sarabia will become a wholly-owned subsidiary
of Runfeng Shares.

Founded in 1985 and headquartered in Fraga, Huesca, Spain, Sarabia specializes in the production and brand marketing
of crop protection products.
The factory is located in the province of Lleida, Spain, and has a good brand reputation and marketing network
in Spain and surrounding markets.

Runfeng said in the announcement that the EU belongs to the global crop protection market threshold and market value are high, entering the EU market takes a long time, investment is large, and the registration rules are complex and changeable
.
Since 2016, Runfeng Co.
, Ltd.
began to invest in the EU for the equivalent certification of original drugs, and has obtained the equivalent certification of about 80 active components in the EU, and continues to complete the EU equivalent certification
for more active ingredients.
At present, the active ingredient supply platform of agrochemicals in the EU market has been completed and continues to be enriched and improved
.

Runfeng said that after the acquisition of Sarabia, Runfeng will further integrate Sarabia's product system and marketing network based on the strategic planning of the EU market, give full play to the resource advantages of Runfeng Co.
, Ltd.
, and complement and develop synergically with Sarabia
.
The wholly-owned acquisition of Sarabia by Runfeng Co.
, Ltd.
aims to further improve the global marketing network and strengthen the global layout, which is in line with the strategic planning of Runfeng Co.
, Ltd.
and the interests of
all shareholders.