Honworld Group is honored to be listed on Forbes's List of "100 China's Potential Enterprises of 2017"

(Hong Kong - 25 April 2017) The financial magazine Forbes released "the List of 2017 China Potential Enterprise" recently and Honworld Group Limited ("Honworld Group" or "the Company", stock code: 2226.HK) is honored to be included in the list again.

Based in Huzhou, northern Zhejiang province, Honworld Group is the largest cooking wine company in China. The Company was founded in the Xianfeng Era (1851-1861) with approximately 160 years of history, and was awarded with a gold medal at the Panama-Pacific International Exposition in 1915. The Company also holds the honored title of China Time-honored Brand by the Ministry of Commerce of the People's Republic of China.

The Company is committed to using natural-brewing method for producing high quality, safe and healthy seasoning products. Along with the upgrade of China's consumption market in recent years, the demand for premium, healthy and tasty seasoning products has been rising significantly, driving the rapid growth of Honworld Group. In addition to its established leadership and reputation in the Jiangsu, Zhejiang and Shanghai markets, the Company has been accelerating its geographical expansion to other parts of China. Mr. Weizhong Chen, the Chief Executive Officer of the Company and the sixth generation since his family started the business, is dedicated to carrying the brand heritage forward and expanding the Company's footprint across China. The potential of the Company has been recognized by a number of institutional investors in recent years. In 2016, Lunar Capital, which is specialized in investing in the Chinese consumer sector, invested in the Company as a strategic investor.

The 2017 Forbes List includes many companies that have stable operation and large potential, mainly in sectors such as medical and software development. Honworld Group stood out as one of the only three enterprises on the list that are in the food sector. The Company is honored to have received this recognition of our brand and business achievement.