SunMoon Food Company says it has entered into an interest-free loan agreement with Jiangzhong Shiliao (Hubei) Technology Co on Oct 27.

The agreement was entered through Shanghai SunMoon Supply Chain Management.

In connection with the loan agreement, SunMoon Food has entered into a placement agreement with Jiangzhong Shiliao for the proposed allotment and issuance of a number of new ordinary shares that has yet to be determined.

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