Tech-bank Food Co., Ltd.

Tech-bank Food Co., Ltd. is a Chinese company established in 1996 and listed on the Shenzhen Stock Exchange in 2007 under the stock code 002124. The company focuses on the production of safe, healthy, and delicious animal-source food, primarily specializing in pig breeding and pork product processing. Tech-bank is guided by its vision of "Better Food, Better Life" and aims to deliver high-quality animal-derived food products to consumers. The company's main business lines include the breeding of commercial piglets and pigs, as well as the processing of fresh and processed pork products. Tech-bank has developed a strong market presence by establishing supply bases in economically developed regions such as the Bohai Rim, Yangtze River Delta, and Pearl River Delta. Its flagship pork brand, "Fantaste," emphasizes quality and flavor, with a focus on innovative product offerings. The company is committed to enhancing its production capabilities through advanced technology and strategic partnerships, positioning itself as a competitive player in the animal husbandry industry.

1.The rapid development of the company is mainly due to the choice of business model. In 2013, Tech-bank introduced the world-class pig breeding and American breeding mode from CG, entered the pig breeding industry from a high starting point, and seized the market opportunity to acquire the assets of Agfeed Industrial China, achieving leapfrog development. In the early stage, through the "company + family farm" model, the capital, land and labor resources required in the scale expansion were effectively integrated, and the farmers greatly reduced the market risk, realized the optimal allocation of resources and the rapid expansion of the company's scale. After the occurrence of African swine fever, the cooperative family farms were screened for survival of the fittest, and only farmers who could meet the requirements of biosecurity were retained and developed, while vigorously developing the "leasing" model, actively responding to the local government's poverty alleviation policies and "rural revitalization" planning, combining with local poverty alleviation projects and poverty alleviation funds, and leasing the social funds to the company according to the company's requirements to build poverty alleviation farms, breeding communities, etc., while retaining the asset-light model to reduce capital occupation, it can also better protect biosecurity and improve production efficiency. It is conducive to further rapid expansion in the future. In 2022, the company will reform and innovate fattening management, pilot the partner breeding model, turn employees into partners, create and share, and significantly improve production results. In 2023, this model will be further promoted and iteratively optimized and continuously optimized. 2. The strategically layout near the well-developed areas has set up a strong market base for high quality “Fantaste” pork products sales. Tech-bank has rapidly realized the industrial layout and built food supply bases around the Bohai Economic Circle, Yangtze River Delta Economic Circle and Pearl River Delta Economic Circle, which are the most developed areas in China with strong consumption. In 2022, Tech-bank proposed the brand positioning of "fragrant meat". Focusing on the characteristics of Fragrant Meat products, reduce the sales of white stripes with low gross margin, increase the channel sales of segmented products and finely segmented products, focus on the development of large-scale chain catering and boutique supermarket customers in the Yangtze River Delta, and develop hot pot series and barbecue series products on top of the original product service plan, further realize the differentiation of Fragrant Meat and enhance the brand premium. At the same time, Tech-bank will accelerate the business of processing and conditioning products, and specially set up fresh meat package product team, sauce and marinade product team, fried product team, etc., to further enhance the product value of partial meat and meet different market needs. 3.The company started from special aquatic feed, and the original intention of starting its business is to provide safe and reliable green feed. The company is in the leading position in the industry in the selection of feed raw materials, fully ripened feed processing technology, microbial fermentation technology, etc., and is one of the earliest manufacturers in China to obtain green food production qualification certification. When the company launched its pig project, it made a clear proposal to produce "delicious pork". The internal supply of the company's pig feed adopts feed raw material standards and hygiene standards higher than national and industry standards, and integrates microbial fermentation technologies such as Clostridium butyrate, pig-derived lactic acid bacteria, and antibacterial peptides to produce new fermentation raw materials, which not only improves feed performance such as feed intake, daily weight gain, and feed-to-meat ratio, but also significantly improves pork quality parameters such as meat color, dripping, tenderness, intermuscular fat, flavor substances, etc. The patented antimicrobial peptide technology introduced by the company provides more protection for the health of pigs and makes it possible to breed without antibiotics throughout the breeding process. At the same time, the company promotes the full use of electronic ear tags in the pig breeding business, and connects with the traceability system of the slaughterhouse to ensure food safety. On the basis of strictly controlling the quality of pig sources, the company adopts 26 online inspection and quarantine procedures, strengthens microbial management, has a dust-free segmentation environment at 5°C, and strictly implements cleaning and disinfection standards, so that each pig can maintain the fresh, fragrant, tender, glutinous and pure quality of pork after slaughtering and cutting; The first dry/wet maturation technology of pork further improves the flavor, extends the shelf life, allows consumers to reduce procurement costs, reduce transportation costs, reduce repurchase costs, and make it easy to stock up in large quantities. Through the whole process from the source of the seed to the table, "Fantaste pork" products with a taste are pure in smell, the meat is tender, and the pork is fragrant as soon as it is boiled in water.