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Posted on 20/11/2018

The Municipality of the District of St. Marys and ESREN Sign Investment MOU with Zhongshou Taiyang Health Enhancement & Technology Group (Canada) Ltd. (Zhongshou Taiyang Group)

PRESS RELEASE FOR IMMEDIATE RELEASE
November 19, 2018

ESREN - The Municipality of the District of St. Marys and ESREN Sign Investment MOU with Zhongshou Taiyang Health Enhancement & Technology Group (Canada) Ltd. (Zhongshou Taiyang Group)

On November 9th, 2018 the Municipality of the District of St. Marys and the Eastern-Strait Regional Enterprise Network (ESREN) signed a development Memorandum of Understanding (MOU) with a natural health enhancement company registered in China and Canada. The signing took place at Roosevelt House in Shanghai, China. Signing the MOU was Warden Michael Mosher, on behalf of the Municipality of the District of St. Marys and John Beaton, CEO with the ESREN. Representing Zhongshou Taiyang Group was Zengxin WANG, President, Tao HU, Vice-President and Grace CHUM, CEO.

Also attending the signing were a number of representatives from Canada, including the Hon. Scott Brison – Minister of the Treasury Board and Minister of Digital Government, The Hon. Lawrence MacAulay – Minister of Agriculture and Agri-Food, The Hon. Jim Carr – Minister of International Trade Diversification, John McCallum Canadian Ambassador to China, Alaina Lockhart – Parliamentary Secretary to the Minister of Tourism, Official Languages and La Francophonie and other Federal and Provincial Government officials, including representatives from Canadian Trade Commission Service, Embassy of China in Ottawa, Atlantic Canada Opportunities Agency, as well as Nova Scotia Business Inc. with CEO Laurel Broten reading the terms of the agreement.

Within the Memorandum of Understanding document which has been prepared in both English and Chinese, a number of terms have been outlined with regard to the development of a value-added project in the District of St. Marys. One of the terms is related to the intent to negotiate the purchase/lease of land and a second term is that the Municipality and ESREN will provide economic development assistance to advance the projects.

Michael Mosher, Warden for the Municipality of the District of St. Marys says weve been working on ways to build our municipal base and support services while creating meaningful jobs in the municipality. The signing of the MOU with Zhongshou Taiyang Health Enhancement & Technology Group (Canada) Ltd. is a positive move in our efforts to advance the municipality. We are very pleased with the possibility of welcoming a progressive health-improvement company to our area to help us grow our local and regional economy. Mosher noted the investment partners will be coming to St. Marys in a few weeks so that discussions and plans can continue on the projects.

The MOU that was signed on November 9th in Shanghai, China is the first official step in the development of a health product value-add and export operation that is expected to result in a significant investment in the Eastern-Strait Region noted John Beaton, CEO with ESREN. Beaton added getting to this point has been several months in the making and has certainly been a group effort. Following the signing of the MOU, partners met several times throughout the last week to begin working on the detailed development plan. Through these discussions the project has expanded to include three phases a) blood worm farm, b) medicinal plant cultivation and c) Chinese Medicine Health Enhancement Centre. Beaton noted The three projects proposed are complimentary but are also non-dependent on the others to succeed.

At a meeting and press conference in Beijing on November 11th, Zengxin WANG, President of Zhongshou Taiyang Health Enhancement & Technology Group ( Canada) Ltd. said that We are pleased with the support for Zhongshou Taiyang Group that we are receiving from Canada in this new cooperation that we will develop together. Wang added We are interested in making products with an international market while enabling people to have a good quality of scientific health-management services.

Grace Chum, Company CEO who has offices in Truro, Nova Scotia as well as Prince Edward Island and Toronto, states so far our partnership with the Municipality of the District of St. Marys and the Eastern-Strait Regional Enterprise Network has been very positive. Through this partnership we have found additional ways that China and Canada can cooperate in business for mutual benefit. Chum added at Zhongshou Taiyang Group, we are looking forward to working on advancing a business relationship that includes a number of products with a clearly defined market in China and elsewhere.

The Municipality of the District of St. Marys is pleased to have the opportunity in advancing this international partnership in a manner that is mutually beneficial to all parties.

Media Contacts:

John Beaton, CEO
Eastern-Strait Regional Enterprise Network
jbeaton@esren.ca
902-867-3817

Grace Chum, Chief Executive Officer
Zhongshou Taiyang Health Enhancement & Technology Group (Canada) Ltd.
902-896-7216

Marvin MacDonald, Chief Administrative Officer
Municipality of the District of Saint Marys
Marvin.macdonald@saint-marys.ca
902-522-2432

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