Tatsuo Horiuchi, President and CEO of Farmind Corporation gave a speech at the Global Cold Chain Summit (hereinafter, "GCCS") held at the Qingdao Gold Beach Hilton Hotel (Qingdao City) on Thursday, June 27, 2019.

This year, GCCS is the 11th conference held by the Chinese Federation of Logistics Purchasing Associations and the Chinese Cold Chain Logistics Association*. The aim is to develop businesses by sharing and exchanging expertise among experts in cold chains worldwide. We have been in the second stage since last year.

On the day of the meeting, approximately 1,200 people attended the meeting, including executives from approximately 400 logistics-related companies in 20 countries around the world, as well as employees from embassies in 15 countries, including the United States, Japan, and South Korea.

In the speech, Farmind introduced our corporate profile, the functions we possess, and our business models in Japan. In addition, in the Chinese fruit and vegetables sector, where we faced the same challenges as in Japan, such as the segmentation of manufacturing and retailing, we explained how to maximize the profits of producers and consumers by leveraging Farmind's know-how.

The participants from the Chinese industry expressed strong interest in our business model and the possibilities for development in China, and many opinions were exchanged after the lecture.

On Thursday, May 9, 2019, Farmind became a vice chairman of the Chinese Cold Chain Association. As a vice-chairman, we will use the knowledge and experience we have cultivated to support the development of the fresh food distribution industry in China.

Based on our corporate philosophy of "Bringing producers and consumers together," we will continue to contribute to the development of domestic and overseas fruit and vegetable distribution from various perspectives. We will continue to strengthen our supply system for fruits and vegetables in Japan and overseas and improve quality through cold chains to deliver fresh and delicious fruits and vegetables from producers to consumers.

（※）About the China Federation of Logistics and Cold Chain Logistics Associations

Under the *2 of the *1 and Agriculture Department of the Commerce and Commerce Department of the PRC, this organization specializes in cold chain logistics and is established under the umbrella of the *3 of the People's Political Affairs Department. Research, data statistics, industry events, and consulting on relevant policies for cold chain logistics in China Major duties include ringing, etc. National and industry standards have also been established, and the number of member companies is the frozen food industry, distribution, and retail. About 800 companies are involved in the food and beverage industry, cold chain technology and equipment industry, as well as research institutions and schools.

（*1 Equivalent to Ministry of Economy, Trade and Industry in Japan *2 Equivalent to Ministry of Agriculture, Forestry and Fisheries in Japan *3 Equivalent to Ministry of Internal Affairs and Communications in Japan)

■Global Cold Chain Summit

Speech by President
	The Chief Operating Officer (left-hand side) in charge of China business served as the chairman. Panel discussion

■Inauguration of Chinese Cold Chain Association
Vice Chairman.

■China Cold Chain Association website:

http://www.lenglian.org.cn/

■Global Cold Chain Summit HP：

http://gccs.lenglian.org.cn/