HONG KONG, Dec. 6, 2016 /PRNewswire/ -- National Agricultural Holdings Limited ("National Agricultural" or "the Company", or together with its subsidiaries, the "Group"; stock code: 1236.hk) is pleased to announce that a press conference was held with Dalian Renewable Energy Exchange Company Limited ("Dalian Exchange") to highlight the joint establishment of Zhongxiao (Dalian) Data Processing Company Limited ("Data Processing Centre"), a joint venture enterprise of the Company and Dalian Exchange. A signing ceremony was also held at the press conference for the official launch of the "Tea and Ginseng Exchange Centre", which has been jointly developed by National Agricultural Tiancheng Supply Chain Company Limited and Shenzhen Agricultural Development Company Limited and operates on the Dalian Exchange's platform. The official launch of the Tea and Ginseng Exchange Centre will enrich the transaction segments of the Dalian Exchange and enhance the database of the Data Processing Centre.
Invited to join the press conference were the management team of Dalian Exchange and Board of Directors; the management team of National Agricultural also attended. Hebei Agricultural Means of Production Company Limited, the substantial shareholder of National Agricultural; Sichuan Agricultural Means of Production Group Company Limited, our major supply and marketing cooperatives; Guangdong Supply and Marketing Cooperative; as well as the representatives of the Company's major financial partners including China Everbright Bank, China Minsheng Bank, Agricultural Bank of China and the People's Insurance Company (Group) Of China, also sent representatives.
At the signing ceremony, the management of both parties praised the Data Processing Centre established by National Agricultural and Dalian Exchange. Mr. Kong Dechun, chairman of Dalian Renewable Energy Exchange Company Limited, pointed out: "The establishment of Zhongxiao (Dalian) Data Processing Company Limited is a great innovative step in the field of China's bulk commodity settlement. Dalian Exchange, established by China Co-Op Group Company Limited, is a national trading platform for renewable energy; while National Agricultural is the first and only overseas listed company under the All China Federation of Supply and Marketing Cooperatives. The cooperation is an important measure for Zhongxiao Group in its strategic deployment of services in the real economy, in providing services for 'agriculture, countryside and farmers' and build up the modern financial supply chain." He added, "The establishment of the Data Processing Centre will help improve the efficiency of online transaction data associated with the bulk commodity online trading platform of Dalian Exchange, so as to effectively reduce transaction costs of all platform trading parties, to enhance the overall operating efficiency of the commodity trading platform, and to improve the market credibility of the commodity trading platform. In the future, the Data Processing Centre will further explore and transform the intrinsic value (with over RMB1 trillion per year) of online real-time transaction data. In addition, a commodities price index, a corporate credit database and other top-grade data services will soon be launched."
Mr. Chen Li-jun, Chairman of National Agricultural, said at the meeting: "The core development strategy of National Agricultural is to firmly grasp rural finance and rural E-commerce business development opportunities. Taking the bulk commodity trading platform -- the most representative within the supply and marketing cooperatives -- as the breakthrough, National Agricultural will make ample use of its edge in overseas capital markets and investment banking to further exploit the room for value-added services in various aspects in the bulk commodity trading platform, as well as enriching comprehensive supporting features, so as to promote the intrinsic value of the platform." He added: "National Agricultural and Dalian Exchange are committed to exploring innovative business models and development approaches under the trend of 'Internet plus.' Through the establishment of a joint venture to set up Zhongxiao (Dalian) Data Processing Company we will take advantage of the immense edge in network and resources that the supply and marketing cooperatives have nationwide to give full play to the existing operational advantage and influence, so as to form a strong bond and cooperation. I firmly believe that strong momentum will be created that will allow the Data Processing Centre to grow and thrive."
About National Agricultural Holdings Limited
National Agricultural Holdings Limited (1236.HK) is the first and only overseas listed supply and marketing systems in China, dedicated to providing services for agriculture, countryside and farmers and capturing the opportunities arising from rural financial services and rural e-commerce development. Riding on the two core platforms developed by the Group -- the China agricultural products trading platform and "Agripay" -- to develop e-commerce and rural financial services and actively promote the online trading of the supply chain resources of the agriculture capital groups and supply and marketing cooperatives in various provinces to further strengthen its framework of the nationwide online finance industry chain. Since its backdoor listing in 2013, the Company's market value has increased more than tenfold. The Company has successfully been chosen to be one of the candidates for the Shenzhen-Hong Kong Stock Connect (ranked 71 in order of market value).
About Dalian Renewable Energy Exchange Company Limited
Dalian Renewable Energy Exchange Company Limited ("Dalian Exchange"), established by China Co-Op Group Company Limited, is a national trading platform for renewable energy. Focusing on renewable energy, agricultural by-products, agricultural fertilizer, tea and other fields, Dalian Exchange has set up a new, highly efficient and safe trading platform which provides all the online clients with the comprehensive support services including spot transactions, settlement, clearing, logistics supervision, informatics, commodity financing, transaction settlement, etc.
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