Guangdong Yuehai Feed Group aims to acquire 51% equity in Artemia producer I&V Bio Asia Co., Ltd.

I&V Bio Asia Co., Ltd. was established in 2013 with its core founding team members coming from INVE Aquaculture. The company has over 25 years of professional experience in the aquaculture field, specializing in brine shrimp nutrition and shrimp feed nutrition is internationally advanced. I&V Bio has subsidiaries, affiliates, and associated companies in Thailand, India, Indonesia, Vietnam, Bangladesh, Ecuador, and Belgium to produce and sell its products.

The transaction aims to leverage I&V Bio’s international leading advantage in Artemia and feed technology to promote its sales in the Chinese market, improve the quality of shrimp larvae in China, and fully utilize Yuehai Feed's network in aquaculture, funding, and advantages in the Chinese market. This will further improve the success rate of aquaculture for farmers, enhance Yuehai Feed's competitiveness, and increase the sales and market share of the company's products. I&V Bio’s international market layout will support Yuehai Feed's strategic development in regions such as Thailand, Ecuador, India, Indonesia, Vietnam, and Saudi Arabia, acting as a bridgehead for Yuehai Feed's international market expansion, enhancing its market competitiveness, fostering new profit growth points, and promoting sustainable development.

To date, the formal documents for this transaction have not yet been signed, and the Framework Agreement signed in this instance represents only a preliminary intention among the parties involved.