On July 25, 2024, Ningshing Ubay and Nongshim Taekyung held a strategic cooperation signing ceremony in South Korea. This event marks the beginning of a new era of friendship, mutual trust, assistance and shared progress between the two companies.

Cheon Youngkyu, representative of Nongshim Taekyung, and Ivy Shi, Vice President of Ningshing Holdings and General Manager of Ningshing Ubay, signed the business cooperation agreement on behalf of their respective companies. The signing ceremony was also attended by Kim Youngho, Head of Operations Support Department at Nongshim Taekyung and Kim Minsoo, Head of Sales Department at Nongshim Taekyung, along with Tan Zhengguo, Vice President of Ningshing Holdings and Chairman of Ningshing Ubay, and other distinguished leaders.

Nongshim Taekyung, South Korea's largest food ingredient producer, is also a key business unit of the Nongshim Group. Committed to its founding vision, Nongshim Taekyung enriches culinary culture by meticulously selecting ingredients to ensure customer health and offering a diverse range of flavors. It is a company recognized for its integrity, responsibility and strong consumer trust.

At the signing ceremony, Chairman Tan Zhengguo of Ningshing Ubay extended warm congratulations on the successful conclusion of the signing ceremony and expressed strong confidence that the partnership between Nongshim Taekyung esteemed for its strong consumer trust and Ningshing Ubay known for its innovative and pioneering spirit—will achieve groundbreaking mutual success in the Chinese market.

Cheon Youngkyu, representative of Nongshim Taekyung, expressed strong confidence that through a deepened partnership with Ningshing Ubay, Nongshim Taekyung's plant-based alternative foods will make a successful entry into the Chinese market, leading to remarkable achievements together.

The collaboration between Ningshing Ubay and Nongshim Taekyung is more than just a business decision; it is a forward-looking investment in the future. The joint efforts reflect a shared commitment to global consumer priorities such as health, environmental sustainability, economic progress and social responsibility, making this partnership a strategically significant move.