Tianmei Beverage Group Corporation Limited (ASX:TB8) provides promotional services to producers of FMCG goods as well as its own water products in the Guangdong province in China. Guangdong province is one of China's most developed provinces with a gross domestic product of US$1.1 trillion in 2014 and has as its capital, Guangzhou city, which is China's third largest city with a population of approximately 13 million people.
Product Promotion
Tianmei have contracts with over 940 terminal supermarkets and convenience stores in Guangdong. Through this network of stores, the Company promotes fast moving consumer goods, including food, beverage and general grocery products for over 65 FMCG suppliers.
Water Products
The Company's water products business focuses on the sale of Tianmei-branded water products, including bottled water, infant water and water dispensers through a network of over 500 retail outlets. The Company have a number of patents approved and pending surrounding it's water products and production equipment.
Tianmei Beverage Group Corporation Limited (ASX:TB8) today provides an update on the Company's business growth strategy, ahead of its annual general meeting today.
Tianmei Beverage Group Corporation Limited (ASX:TB8) advises that shareholders who choose to attend the Annual General Meeting via the video conferencing facility at the offices of Invigor Group Limited on Level 16, 56 Pitt Street Sydney NSW 2000, will be entitled to ask questions and vote as per the standard procedure and in accordance with the Company's Constitution.
Tianmei Beverage Group Corporation Limited (ASX:TB8) advises that its first Annual General Meeting post listing on the ASX would be held at 10:00am China Time (12:00pm AEST) on 8 September 2017 at the Baiyun Hotel in Guangzhou, China.
The directors present their report, together with the financial statements, on the consolidated entity consisting of Tianmei Beverage Group Corporation Limited (ASX:TB8) and the entities it controlled at the end of, or during, the half-year ended 31 May 2017.
The Board of Tianmei Beverage Group Corporation Limited (ASX:TB8) is pleased to announce the successful completion of the placement to Hui Li and Pan Zhang (who are sophisticated investors) today to place a total of 10,000,000 ordinary shares (each subscribing 5,000,000 shares) in the Company for a total amount of $2,000,000 at a price of $0.20 per share.
Tianmei Beverage Group Corporation Limited (ASX:TB8) is pleased to announce that its Water Product Business is continuing to record strong sales volume across the entire product range. Sales volume of all water and water related products experienced triple digit growth compared to previous corresponding period.
Tianmei Beverage Group Corporation Limited (ASX:TB8) is pleased to advise that the research and development cooperation with Guangzhou Food Industry Research Institute Co., Ltd to jointly develop technical solutions (including water composition) and production processes for Tianmei's new 'infant exclusive' bottled water, is almost complete for product launch in late 2017.
Tianmei Beverage Group Corporation Limited (ASX:TB8) is pleased to advise that since the launch of its prospectus in late 2016, it has added another eight convenience stores and supermarkets to its network of Contracted Stores, bringing the total to 949. The new stores are located in Chenzhou City, Zhuhai City and Foshan City.
Tianmei Beverage Group Corporation Limited (ASX:TB8) has secured its own water supply source following completion of the acquisition of Qianlifeng Water Plant in February 2017. The acquisition not only serves to significantly mitigate water supply risks, but also sets the platform for further development and to meet increasing demand for Tianmei's product line of bottled drinking water.
Tianmei Beverage Group Corporation Limited (ASX:TB8) is pleased to advise that Ms Xiao Han was appointed as Executive Director of the Company. Ms Han is a graduate of Northumbria University in the UK through the Finsborough School, where she obtained a Masters in Business Management.
Appendix 4C - August 2017 Results of Annual General Meeting RESPONSE TO ASX GENERAL QUERY Change of Address Ceasing to be a Substantial Holder - Beijing Lianchuang Change in Substantial Holding - Han Xu Change in Substantial Holding - Biotechnology International Appendix 3B Share Placement - Cleansing Notice Trading Halt
