The Board of Directors (the "Board") of NutryFarm International Limited (the "Company", and together with its subsidiaries, the "Group") announced that Global Agricapital Holdings Pte. Ltd. ("Global Agricapital"), a wholly-owned subsidiary of the Company, had on 18 January 2021 entered into a binding import purchase agreement ("Agreement") with Shanghai Yuqu Trading Co. Ltd. ("Yuqu") under the laws of the People's Republic of China ("PRC"). Under the Agreement, Yuqu has entrusted Global Agricapital to purchase 180 containers of fresh durians. Among other things, it is agreed by the parties that the total purchase price shall be RMB 117,000,000, of which 30% shall be paid by Yuqu to Global Agricapital as advance payment on such date to be mutually agreed by both parties and 70% to be paid after Yuqu has received and inspected the goods. Global Agricapital shall deliver the goods to Yuqu after receipt of the advance payment. The delivery period shall be from 20 February 2021 to 21 May 2021. It is also agreed that Global Agricapital shall promptly respond to Yuqu's request for detailed status update or progress in each round or link. Global Agricapital shall guarantee the production volume at the place of origin and exercise strict quality control over the goods based on the requirement of the cooperative channel supplier.