Oboya Horticulture Industries AB ("Oboya" or "The Company") has decided to invest in urban cultivation in the Scandinavian market. The measures mean that Oboya strengthens the sales organization with a new sales manager in Sweden. The decision was made in the light of the increased number of inquiries the Company received from this new customer segment. Cultivation in the urban environment, both indoors and outdoors, contributes to the environment and sustainability, and not least to the opportunity for locally produced fruit and vegetables.

Cultivation in urban and urban environments has become an increasingly popular phenomenon in the Scandinavian market. Cultivations are often either hydroponic or aquaponic cultivation systems, which means that you grow in a final and self-sufficient system. Urban cultivation contributes to the local population and promotes the environment and sustainability.

Oboya believes that the decision to invest in customers in urban cultivation is commercially positive, in addition, it involves indirect investment in a sustainable future. Through Oboya's subsidiary VEFI, which has been operating for over 70 years and is a leading supplier of products for hydroponic cultivation systems, Oboya can offer environmentally friendly cultivation products made from recyclable plastic, paper or biomaterials. As part of the sales development, Oboya is strengthening the organization with a new sales manager in Sweden with the aim of developing sales to customers in urban cultivation.

Erik Penser Bank is Oboyas Certified Adviser at Nasdaq First North. Tel: + 46 8-463 83 00

E-post: certifiedadviser@penser.se

For any inquiry regarding this press release, kindly contact:

Robert Wu, CEO of Oboya Horticulture Industries AB (publ)

Phone: + 86 159 6983 5999

E-mail: robert.wu@oboya.cc

Homepage: www.oboya.se

 

About Oboya Horticulture Industries AB

Oboya Horticulture aims to become a world-leading total supplier of consumables and logistics products for the cultivation industry as well as consumer products for home cultivation and indoor environments. Production takes place in factories in China, Poland, Vietnam and Kenya. More information about the company is available at www.oboya.se.

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