Farmmi Inc. (China)

The Company processes and sells agricultural products in China, the United States, Japan, Canada, Europe, and the Middle East.
Acting through its subsidiaries, the Company is engaged in processing and distributing dried edible mushrooms, mainly Shiitake and Mu Er mushrooms, and trading other agricultural products such as tea.
The Company processes and sells agricultural products in China, the United States, Japan, Canada, Europe, and the Middle East. The company offers shiitake and Mu Er mushrooms; and other edible fungi products, including bamboo fungi, agrocybe aegerila, pleurotus eryngii, grifola frondosa, coprinus comatus, and hericium erinaceus. It also trades in other agricultural products, such as tea. The company offers its products through distributors, as well as through an online store, Farmmi Liangpin Mall. Farmmi, Inc.
The Company s ordinary Shares are listed on the Nasdaq Capital Market since February 16, 2018 under the symbol “FAMI.”
Historical Timeline:
1994 November 1994: the Company s Chairwoman and CEO Ms. Yefang Zhang and her husband Mr. Zhengyu Wang founded Lishui Jingning Huali Co., Ltd. in China to start edible fungi business by selling dried edible fungi.
2003 May 2003: Forest Food was established in China
2006 December 2006: Passed ISO 22000 certification.
2008 December 2008: Passed QS certification.
2010 August 2010: Passed BRC certification.
2011 March 2011: FLS Mushroom was established in China.
2015 July 2015: Farmmi, Inc. was incorporated in the Cayman Islands. August 2015: Farmmi International was incorporated in Hong Kong. December 2015: Nongyuan Network was established in China. December 2015: Suyuan Agriculture was established in China.
2016 May 2016: Farmmi Enterprise was established in China. July 2016: Farmmi Technology was established in China. December 2016: Farmmi Liangpin Market (www.farmmi.com/www.farmmi88.com) began operating.
2018 May 2018: Farmmi Food started operation in China. August 2018: Farmmi Liangpin Market (www.farmmi.com/www.farmmi88.com) was restructured as two online stores: Farmmi Jicai (www.farmmi88.com) targeting centralized procurement and Farmmi Liangpin Market (www.farmmi.com) targeting direct retail for consumption.
November 2018: FAMI completed a 7.5 million private placement (the “Private Placement”) with an institutional investor.
2019 March 2019: Lishui Farmmi E-Commerce Co., Ltd. (“Farmmi E-Commerce”) was established under the laws of the PRC. Nongyuan Network and Suyuan Agriculture owns 98 and 2 of interests in Farmmi E-Commerce, respectively.
2020 May 2020: to clarify the legal effect of the Original VIE Agreements (as defined below) and to sustain the effective control over Nongyuan Network by the Company, Nongyuan Network and Suyuan Agriculture signed a series of documents with the effective date of December 10, 2019. December 2020: we closed Farmmi Liangpin Market, including the mobile application and the WeChat mini program.
2021 April 7, 2021, Farmmi incorporated Zhejiang Farmmi Biotechnology Co., Ltd. (“Farmmi Biotechnology”), through its former wholly-owned subsidiary Hangzhou Suyuan Agriculture Technology Co., Ltd. In May 2021, Farmmi Ecology incorporated Zhejiang Farmmi Agricultural Supply Chain Co., Ltd. (“Farmmi Supply Chain”) in China. On August 26, 2021, Suyuan Agriculture has changed its name to Zhejiang Farmmi Agricultural Science and Technology Group Co., Ltd., and its capital was increased to RMB50 million. The Company incorporated Zhejiang Yitang Medical Service Co., Ltd. on September 7, 2021, incorporated Zhejiang Yiting Medical Technology Co., Ltd. on September 17, 2021, incorporated Farmmi (Hangzhou) Health Development Co., Ltd. on September 17, 2021, incorporated Zhejiang Farmmi Medical Health Technology Co., Ltd. on September 18, 2021, incorporated Zhejiang Farmmi Holdings Group Co., Ltd. on September 18, 2021. On September 27, 2021, it acquired Jiangxi Xiangbo Agriculture and Forestry Development Co. Ltd. On September 27, 2021, it signed as a sale and purchase agreement to acquire 100 interest in an entity, Guoning Zhonghao (Ningbo) Trade Co., Ltd.., from a third party, Ningbo Guoning Zhonghao Technology Co., Ltd., for a total price of RMB5,000 (approximately 776). The acquisition transaction was completed on December 1, 2021. On September 27, 2021, Farmmi Agricultural and Hangzhou Dawo Software Co., Ltd., the only shareholders of Zhejiang Forest Food Co., Ltd. On November 5, 2021, it signed an Equity Transfer Framework Agreement to purchase 124,590,064 shares of Shanghai Jiaoda Onlly Co., Ltd.
2022 Lishui Yilong Enterprise Management Co., Ltd., a subsidiary of Nongyuan Network, was incorporated on January 10, 2022. Lishui Yifeng Medical Health Technology Co., Ltd., a subsidiary of Nongyuan Network, was incorporated on January 10, 2022. Lishui Yifeng Yilong Medical Technology Development Partnership (Limited Partnership) was formed on January 19, 2022. Lishui Yitang Shangke Medical and Health Technology Partnership (Limited Partnership) was formed on January 19, 2022. On January 27, 2022, Yitang entered into an agreement to assign its obligations and rights under the Equity Transfer Framework Agreement with respect to Jiaoda Onlly to Shanghai Shijie Decoration Design Engineering Co., Ltd. and Shanghai Yunjian Industrial Development Co., Ltd., two unrelated parties. The Company incorporated Zhejiang Farmmi Ecological Agricultural Technology Co., Ltd. on May 27, 2022, incorporated Zhejiang Suyuan Agricultural Technology Co., Ltd on July 25, 2022.