Farmmi, Inc. Provides Update on Status of Strategic Cooperation with Beijing Jiangqiao International Media Co., Ltd.

LISHUI, China, Aug. 2, 2018 /PRNewswire/ -- Farmmi, Inc. (the "Company") (Nasdaq: FAMI), a leading agriculture products supplier in China, today provided an update on the status of its strategic cooperation with Beijing Jiangqiao International Media Co., Ltd ("JQ Media"). In June 2018, the Company and JQ Media established a poverty alleviation station in Changning County, Yunnan Province to procure Changning black tea planted by local farmers and to call for donations.

As previously disclosed in the press release on June 4, 2018, the Company signed an agreement (the "Agreement") with JQ Media. JQ Media filmed and produced Tastes of China, a documentary introducing selected geographical indication agricultural products in China ("Tastes of China Products"). Pursuant to the Agreement, JQ Media is obligated to help the Company get access to the supply of 17 Tastes of China Products, and to assist with negotiation of supply agreements.

Changning black tea is a Tastes of China Product in Changning County, Yunnan Province. Mangshui Town is one of the production areas of Changning black tea, but its tea selling channels are limited. Through the poverty alleviation station established by the Company and JQ Media in Lianfu Village, Mangshui Town, the Company has built the relationship with local tea farmers to procure locally produced Changing black tea, and calls for donations to help with the local poor in need.

Ms. Yefang Zhang, Chairwoman and Chief Executive Officer of the Company, commented, "We are proud to announce this update on our cooperation with JQ Media. We have always been a socially responsible corporation, and we are thrilled to see how our business and our distribution channels can help society."

About Farmmi, Inc.

Headquartered in Lishui, Zhejiang, Farmmi, Inc. (the "Company") (Nasdaq: FAMI), is an agricultural products supplier and primarily processes and sells Shiitake mushrooms, Mu Er mushrooms, other edible fungi, and other agricultural products. In addition, Farmmi Liangpin Market, the Company's ecommerce platform, provides an opportunity for consumers to access locally sourced agricultural products. For further information regarding the Company, please visit: http://ir.farmmi.com.cn/.

About Beijing Jiangqiao International Media Co., Ltd.

Headquartered in Beijing, Beijing Jiangqiao International Media Co., Ltd. ("JQ Media") is an investment company specializing in the fields of film and television program planning and production. Since 2015, JQ Media has entered new media production areas and established strategic cooperative relations with Sohu, Tencent, Iqiyi, 360 Live and other mainstream network medias; and is involved in the investment and production of new media creative cultural products, including network film, network drama, animation production, app development and micro-channel public numbers.

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, including the expectation that JQ Media will perform its obligations under the Agreement and the cooperation with JQ Media will benefit the Company's customers and shareholders. 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.

For more information, please contact Investor Relations at:

Tina Xiao, President
Ascent Investor Relations LLC
Phone: +1-917-609-0333
Email: [email protected]

SOURCE Farmmi, Inc.