Farmmi Joins Local Business Executives and the China Democratic League on Poverty Alleviation Initiative

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LISHUI, China, Nov. 7, 2019 /PRNewswire/ -- Farmmi, Inc ("Farmmi" or the "Company") (NASDAQ: FAMI), an agriculture products supplier in China, today announced the Company's Chairwoman and CEO, Yefang Zhang, was taking an active role in an alleviating poverty initiative. Together with several other business executives from Lishui, Ms. Zhang recently accompanied Jilei Wu, Deputy Chairman of the Lishui Branch of the China Democratic League, to the Chishi Township of Yunhe County, Lishui, Zhejiang Province, to carry out the initiative and to conduct relevant research as a group.

During this trip, Yefang Zhang visited Yunhe County, the Chishi Township, Dianzi Village, Nandong Village and Danbukeng Village.  Working in conjunction with the village representatives, the group reviewed economic development, farm production, living conditions and safety of those villages. They also investigated how to best help the villages with long-term development planning and support so the group members can create and implement the action plans accordingly. 

Yefang Zhang, Farmmi's Chairwoman and CEO, stated, "This alleviating poverty initiative is one of my and Farmmi's priorities.  We have been fortunate to benefit from the support of our local resources.  Therefore, it has always been important for us to give back to the people of Lishui, where Farmmi was founded.  I am thankful to now have a more formal opportunity to work with the China Democratic League and other business executives in a coordinated effort to help communities to alleviate poverty and to create a sustainable, improved way of living.  As part of the initiative, we plan to provide job opportunities to the villagers, give technology advice to the farmers for free and purchase local agricultural products and sell them in our stores."   

About Farmmi, Inc.

Headquartered in Lishui, Zhejiang, Farmmi, Inc. (NASDAQ: FAMI), is a leading agricultural products supplier, processor and retailer of Shiitake mushrooms, Mu Er mushrooms, other edible fungi, and many other sought-after agricultural products.  The Company's Farmmi Liangpin Market serves as a global trading platform for Chinese geographical indication agricultural products and is one of the largest platforms for consumers to access locally sourced agricultural products. For further information about the Company, please visit: http://ir.farmmi.com.cn/.

Forward-Looking Statements

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.

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SOURCE Farmmi, Inc.

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