Nisun International Enterprise Development Group Co., Ltd to Increase Presence in the Chinese Medicinal Herbs Market

SHANGHAI, April 14, 2023 /PRNewswire/ -- Nisun International Enterprise Development Group Co., Ltd ("Nisun" or the "Company") (Nasdaq:NISN), a provider of innovative comprehensive solutions through an integration of technology, industry, and finance, today announced that the Company's subsidiary, Nisun Haiyuan (Qingdao) Supply Chain Management Co. Ltd ("Nisun Haiyuan"), a joint venture company established by NiSun Ocean (Qingdao) Supply Chain Investment Co., Ltd and Qingdao Haiyuan Daodi Chinese Medicinal Herbs Technology Co., Ltd ("Daodi"), has signed an agricultural trade management services agreement (the "Agreement") with Qingdao Shenghui Traditional Chinese Medicine Planting Professional Cooperative ("Shenghui"), an affiliate of Daodi primarily engaged in the cultivation of traditional Chinese medicinal herbs. The Agreement represents a significant initiative of the Company's supply chain business strategy to increase its presence and pursue growth avenues in the Chinese medicinal herbs products market.