HONG KONG SAR - Media OutReach Newswire - 30 September 2024 - On September 27, 2024, China Wantian Holdings Limited (1854.HK) ("Wantian") announced that it has signed a strategic cooperation agreement with Hin Sang Group (6893.HK) ("Hin Sang").
The partnership aims to jointly venture into the rapidly growing functional food and health market, leveraging resource integration and technological innovation to provide high-quality health products and services to consumers worldwide, while jointly exploring new market opportunities. Signing ceremony between listed companies for a collaborative entry into the Functional Food and Health Industry Strong Alliance to Create a New Landscape in Health With the rising global awareness of health, the health industry is experiencing unprecedented development opportunities. According to market forecasts from the China Consumers Association's "Health Industry Consumption Trend Development Report", by 2025, the market size of China's health industry is expected to reach 17.
4 trillion RMB, and it is projected to climb to 29.1 trillion RMB by 2030. The functional food industry, as a vital component of the health market, is attracting increasing capital and policy support.
As a listed company on the main board of the Hong Kong Stock Exchange, Wantian's collaboration with Hin Sang will further strengthen its presence in the health sector, paving the way for its vision to become a global leader in the full industry chain of green food services. Focu.