Farmmi (NASDAQ:FAMI) entered into Strategic Cooperation Agreement with Beijing Jiangqiao International Media Co, Ltd., to provide overall user interface design for the Company's new online store and to provide marketing and promotions services for the new products that the Company plans to sell.
In addition, JQ Media is obligated to help the Company get access to the supply of 17 Tastes of China Products, and to assist with negotiation of supply agreements.
The Company is obligated to pay RMB 0.3M to JQ Media for its services.
The term of the Agreement is from May 15 to August 15, 2018.
Ms. Yefang Zhang, Chairwoman and Chief Executive Officer of the Company, commented, "Farmmi Inc. is proud to announce our strategic cooperation agreement with JQ Media. We are greatly impressed by the exceptional media capabilities of JQ Media and we believe our customers and shareholders will benefit from the increased visibility our products receive."
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