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On the morning of June 1st, Mr. Ai Xiangbai, Secretary and Chairman of the Party Group of the Lengshuitan District Political Consultative Conference, led a delegation from the Agriculture, Rural Affairs, Population, Resources and Environment Committee of the Lengshuitan District Political Consultative Conference to investigate the development status of the ArtemisiaAnnua industryin our company Hunan Xingchen Biotechnology Co., Ltd.  Ms. Tang Li, Vice Chairman of the Lengshuitan District Political Consultative Conference, and Mr. Liu Hongbo, Second level Researcher of the Lengshuitan District Political Consultative Conference, attended.

Mr.Ai Xiangbai and his delegation visited the ArtemisiaAnnua production workshop on site and carefully inquired about the economic benefits of the industry and the current production and sales situation in the entire region. ArtemisiaAnnua is generally planted in dry land and high coastal fields, without competing with rice and other crops for land or time, with high profits and an average income of aroundUSD 255-280 per 666.7㎡ per year. Since the development of ArtemisiaAnnua cultivation in Lengshuitan District in 2012, the planting and processing industry has begun to take shape. In 2020, the total area of ArtemisiaAnnua cultivation in the district was over3333.3hectare, and in 2021, it produced and sold 55 tons ofArtemisinin, with a total output value of nearlyUSD27.51 million, effectively helping some farmers to lift themselves out of poverty and become prosperous.

Mr.Ai Xiangbai fully affirmed our company Hunan Xingchen Biotechnology Company's guidance to farmers in scientific planting, independent research and development of efficient extraction, and encouraged enterprises to drive industrial development, improve economies of scale, and strive to adopt a "demonstration driven, sector driven" model, making Artemisia Annua planting a mature characteristic industry in the entire region.