Summary of duties

Xinshui Marine Science and Technology is China's leading producer of algae and plant-based aquaculture systems. Raw water products include fat products, carrageenan products, konjac products and their respective duplicate products, which are derived from natural sources such as seaweed or plants. Seaweed and plant-based water products are commonly used in the food production and processing industries. In the food production process, waste water products can enhance the appearance and taste of the food, achieve the ideal stickiness and taste, and have the characteristics of condensation and thickening. Water products are used in dairy products, ingredients, confectionery snacks, meat products, fruits and desserts. According to the report, in 2018, it ranked first among fat producers in both Chinese and global markets in terms of volume and sales value. Our products are sold under its own brands or in large quantities and without our brands, and our products are sold in 48 countries and regions in China, North America, South America, Africa and Africa. The collection also provides a variety of blended products for different food applications.

Water products for non-food use have been launched, such as empty refreshing products since September 2013, fat sugars since August 2016, vegetarian food bags since November 2018, and beauty products since January 2019. There are four production houses in China, namely, Mianxin (Fujian) production house, Mianqi (Fujian) production house, Jianyuan (Quanzhou) production house and Shiyanhai production house in China and Hubei Province.

Thank you very much.

It is a leading producer of seaweed in the world and in China.

There is a fixed customer base and special quality management.

Negative factor

Depending on the supply of raw materials, it will be affected by the wave.

We have a fixed customer base, but we can get a long-term customer service.

The purpose of the income

About 11.0% will be used as part of the capital for the construction cost of new production houses.

About 33.8% will be used for the construction of new production houses in Xianhai City, Zhangzhou City, Fujian Province, China.

About 11.5% will be used to build new production houses in western Indonesia.

About 34.2% will be used for the construction of new production houses for fat products in Zhangzhou City, Fujian Province, China.

About 9.5% will be used for general financial assistance.