Yew Bio-Pharm Group, Inc. (OTCMKTS:YEWB) Files An 8-K Regulation FD DisclosureItem 9.01Regulation FD Disclosure
On September 12, 2018, the Company issued a press release announcing that it recently signed a Product Sales and Exclusive Distribution Agency Agreement (“Agency Agreement”) to sell yew essential oil extracted from Taxus cuspidate. The Agency Agreement will continue for three years until July, 2021. According to the Agency Agreement, in order to maintain exclusive agency rights, the agency agrees to purchase no less than RMB 30,000,000 or about USD 4,300,000 worth of yew essential oil from the Company during the first year, and the purchase amount will increase at least 30% year over year. A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
This disclosure does not constitute an offer to sell, or the solicitation to buy, any such security.
Item 9.01 Financial Statements and Exhibits.
Yew Bio-Pharm Group, Inc. ExhibitEX-99.1 2 f8k091218ex99-1_yewbio.htm YPRESS RELEASE,…To view the full exhibit click
About Yew Bio-Pharm Group, Inc. (OTCMKTS:YEWB)
Yew Bio-Pharm Group, Inc. is a grower and seller of yew trees and manufacturer of products made from yew trees in China. The Company operates through five segments: traditional Chinese medicine (TCM) raw materials, which is engaged in the production and sale of raw materials used for medicinal application in the pharmaceutical industry; yew trees, which is engaged in the cultivation and sale of yew seedlings, yew trees and potted yew trees; handicrafts, which is engaged in the manufacture and sale of furniture and handicrafts made of yew timber; wood ear mushroom, which includes the sale of wood ear mushroom, and others, which includes the sale of yew candles and pine needle extracts. It is engaged in processing and selling yew raw materials used in the manufacture of TCM; growing and selling yew tree seedlings and mature trees, including potted miniature yew trees; manufacturing and selling furniture and handicrafts made of yew tree timber, and selling agricultural products.