Farmmi Welcomes Reopening of China's Oldest and Largest International Exhibition

LISHUI, China, May 10, 2023 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI), an agriculture products supplier in China, today announced it recently participated in China's oldest and largest international exhibition, the 133rd China Import and Export Fair (www.cantonfair.org.cn) from May 1-5, 2023.

Popularly known as the Canton Fair and typically held in Guangzhou, China, the preeminent international exhibition is one of the first mass scale exhibitions to resume following a three-year COVID hiatus. Founded in 1957, the famed Canton Fair is typically held twice a year, in the spring and autumn. It is an all-around international trade platform, showcasing an exhaustive list of products, supplies, devices, equipment across three distinct phases. In prior years, the Canton Fair has featured over 60,000 exhibition booths, and nearly 25,000 exhibitors, with top global retailers actively participating.

Ms. Yefang Zhang, Farmmi's Chairwoman and CEO, commented, "We were very excited to participate in the 133^rd Canton Fair. Having high visibility, international commerce events like this resume are import to our growth strategy. As in the past, we were able to meet with new and existing customers from across the globe. We held successful talks with our Israeli customers, which praised our products and services. We are also very pleased with the productive meetings we held with customers from the U.S., Canada, Germany, Dubai, Japan and Korea, to name a few."

"The resumption of this major international exhibition is another positive precursor for our anticipated business growth moving into the second half of 2023. We thank the host organization for all of its efforts in making this event a resounding success. We look forward to now moving many of the discussions we had into more formal revenue generating opportunities."

About Farmmi, Inc.

Established in 1998, Farmmi Inc. (NASDAQ: FAMI) is an agricultural products supplier, processor and retailer of edible mushrooms like Shiitake and Mu Er, as well as other agricultural products. Farmmi sells its products both online and offline. For further information about the Company, please visit Farmmi's website.

Forward-Looking Statements

No statement made in this press release should be interpreted as an offer to purchase or sell any security. Such an offer can only be made in accordance with the Securities Act of 1933, as amended, and applicable state securities laws. Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectations and intended to qualify for the "safe harbor" under the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding lingering effects of the Covid-19 pandemic on our customers' businesses and our end purchasers' disposable income, our ability to raise capital on any particular terms, fulfillment of customer orders, fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, our ability to realize revenue from expanded operation and acquired assets in China, our ability to attract and retain skilled professionals, client concentration, industry segment concentration, and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings. These filings are available at www.sec.gov. Farmmi may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. In addition, please note that any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of the date of this press release. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.

SOURCE Farmmi, Inc.