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Investor Presentaiton

Kiwifruit Cultivation in China is Highly Fragmented China's kiwifruit planting area in the main production regions (1) • • Kiwifruit planting area in China is fragmented Local kiwifruits are largely produced. by smallholder household farmers (2) Lack experience in selective breeding, are unable to upgrade their growing technologies and non- standardized management leads to low quality kiwifruits (2) Mu (mil) 3.00 3.03 2.95 2.66 0.24 0.22 2.45 2.32 2.50 0.20 0.44 0.47 2.19 0.17 0.17 0.40 0.20 0.20 • 0.16 0.36 Henan 2.00 0.33 0.23 0.19 0.25 0.26 0.16 ■Guizhou 0.14 0.12 0.22 0.21 0.20 0.21 ■Hubei 1.50 0.69 0.70 Hunan 0.65 0.53 0.57 0.60 Sichuan 1.00 ■Shaanxi 1.15 1.16 0.50 0.93 0.93 0.95 1.00 0.00 2014 2015 2016 2017 2018 2019 Sources: 1. 2. China Kiwifruit Industry Development Report (2020) https://www.producereport.com/article/kiwifruit-prices-china-continue-fall 11
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