Core Insights - The third International Vine Tea Conference was held in Laifeng County, Hubei Province, showcasing a new craft product that combines traditional tea with modern techniques, attracting both domestic and international attention [1][2] - Laifeng County has significantly developed its vine tea industry, with 102,000 acres of vine tea plantations producing 6,788 tons of dry tea annually, benefiting over 20,000 farmers and generating a comprehensive annual output value of 2.253 billion yuan [1][4] Industry Development - The vine tea industry is expanding into various sectors such as medicine, food, and daily chemicals, with products increasingly integrating traditional flavors and modern health concepts [2][3] - The introduction of vine tea into the Hubei medical insurance directory and the application for health certifications for new products indicate a growing recognition of vine tea's health benefits [2] Product Innovation - A recent creative competition for new vine tea drinks attracted over 100 mixologists, resulting in innovative recipes that blend traditional vine tea with modern flavors, appealing to younger consumers [2][3] - The development of new products, such as jasmine vine tea and osmanthus vine tea, is being facilitated through cross-border e-commerce, targeting international markets [3] Economic Impact - The local government is actively supporting the vine tea industry with financial initiatives, including a 50 million yuan project funded by the central lottery public welfare fund and annual loan interest subsidies of 20 million yuan [4] - Farmers are directly benefiting from the vine tea industry, with some earning over 100 yuan daily from tea picking, and companies like Hubei Jinqi Biotechnology are involving farmers as shareholders [3][4]

Company Overview - Jiujiuwang Food International Co., Ltd. was established in 1999 in China and is a manufacturer of confectionery products, including gelatin-based candies, tablet candies, puffed candies, and hard candies [2] - The company sources raw materials from suppliers and produces and packages confectionery products in its internal facilities, selling products under its own brands (Kusha, Lalab, and Jiujiuwang) through e-commerce channels and to distributors in China and overseas [2] - As of August 31, 2020, the company had 129 distributors, covering a wide sales network across one municipality, two autonomous regions, and 21 provinces in China [2] Production Capacity - The company operates a factory in Jinjiang, Fujian Province, with an area of approximately 117,589 square meters and 32 production lines, with an annual production capacity of about 15,045.4 tons [3] - The company emphasizes direct control over product quality, production costs, and production schedules through its own manufacturing facilities [3] - The company has over 20 years of experience in producing high-quality confectionery products and continuously develops new products and modifies existing ones to meet changing consumer preferences [3] Market Position - According to Frost & Sullivan, the company ranked second in the overall confectionery market in Fujian Province by revenue, holding approximately 2.7% market share in 2019, and about 0.7% market share in the overall Chinese market [2]