SUIC’s IHart Collaborates with Taiwan’s Kong Yen Foods, One of Taiwan’s Largest Manufacturers of Vinegar, Boasting Over 80% Market Share, To Team Up with Other Prominent Catering Groups And Unveil A New Line of Food Products To Enter the US Market

Rhea-AI Summary

SUIC Worldwide Holdings Ltd. (OTC PINK:SUIC) announced a memorandum of understanding between SUIC's IHart and Tah An Kong Yen Foods Co. Ltd. to introduce a new line of innovative food products in the U.S. market. Kong Yen Foods is a prominent Taiwanese manufacturer of vinegar, sauces, and seasonings, with a century-long history and a wide range of high-quality products. The partnership aims to expand the distribution of healthy foods and scale production and logistics, marking a strategic alliance for both companies.

NEW YORK, NY and TAIPEI, TAIWAN / ACCESSWIRE / November 29, 2023 / SUIC Worldwide Holdings Ltd. (OTC PINK:SUIC) today announced that SUIC's IHart signed a memorandum of understanding with Tah An Kong Yen Foods Co. Ltd. (Taiwan), which is one of Taiwan's largest and most experienced manufacturers of vinegar, sauces and seasonings and a major agricultural and foods supplier. Kong Yen Foods will team up with other renowned catering groups and unveil a new line of innovative food products to enter the U.S. markets.

Established in 1941, Kong Yen Foods is founded by a renowned vinegar-making family in Taiwan a century ago. The main products include white vinegar, black vinegar, ready-to-drink vinegar, fruit vinegar, miso, curry, natto, cordyceps mycelium capsules, various sauces and more than 100 kinds of other products. Kong Yen Foods specializes in brewing research and owns Food GMP, CAS and TQF excellent product certification companies and has passed ISO22000, HACCP and Islamic Halal certification.

It worked with the Taiwan Monopoly Bureau factory to develop the technology of making vinegar from rice wine. Kong Yen Foods production of Mycelia of Cordyceps Sinensis was achieved through the collaboration with the Biotechnology Division of the Institute of Industrial Research. "Yishou Multicultural Center" was opened. It also cooperated with Japan's S&B Foods and developed instant curry products. In 2010, the company held a celebration event for its 70th anniversary and passed the Ministry of Economic Affairs' tourism factory evaluation. For more information, visit their website at https://www.kongyen.com.tw/

"SUIC's IHart and Kong Yen Foods are working together to grow the distribution of healthy foods and to scale both our production and logistics. This is a strategic alliance that will widen our product lines and expand our network. We are cooperating with several other prominent catering groups and are actively working on entering the U.S. market," said Hank Wang, CEO of SUIC.

About SUIC Worldwide Holdings Ltd., USA

SUIC Worldwide Holdings Ltd. provides research and development, venture financing for and investing in private enterprises and the public sector that develop products and services adopting core capabilities of the Internet of Things, cloud computing, mobile payment, Big Data, Blockchain, and Artificial Intelligence, to enhance and streamline existing processes, and establish new and exciting business models that will create revolutionary products and services. Shareholders of SUIC will be exposed to the diverse application of advanced services in various parts of the economy. Additionally, existing and potential customers can benefit from this company's diversified portfolio of technologies. As one of the pioneering publicly traded technology companies, SUIC will help build tech-enabled businesses of the future. To learn more, please visit www.sinounitedco.com

Forward-Looking Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminology. However, not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results and will not necessarily be accurate indications of the times at which such performance or results are achieved. This press release is considered considering all Company filings contained in the Edgar Archives of the Securities and Exchange Commission at www.sec.gov.

Contact

SUIC Worldwide Holdings Ltd.
New Release Department
929-391-2550

SOURCE: SUIC Worldwide Holdings Ltd.

View source version on accesswire.com:
https://www.accesswire.com/810875/suics-ihart-collaborates-with-taiwans-kong-yen-foods-one-of-taiwans-largest-manufacturers-of-vinegar-boasting-over-80-market-share-to-team-up-with-other-prominent-catering-groups-and-unveil-a-new-line-of-food-products-to-enter-the-us-market

FAQ

What is the memorandum of understanding between SUIC's IHart and Tah An Kong Yen Foods Co. Ltd. about?

The memorandum of understanding aims to introduce a new line of innovative food products in the U.S. market through a strategic alliance between the two companies.

Who is Kong Yen Foods Co. Ltd. and what products do they specialize in?

Kong Yen Foods Co. Ltd. is a prominent Taiwanese manufacturer of vinegar, sauces, and seasonings, specializing in a wide range of products including white vinegar, black vinegar, ready-to-drink vinegar, fruit vinegar, miso, curry, natto, cordyceps mycelium capsules, and various other sauces.

What is the goal of the partnership between SUIC's IHart and Kong Yen Foods?

The partnership aims to expand the distribution of healthy foods and scale both production and logistics, with a focus on entering the U.S. market and widening product lines.