What is the relationship between COFCO and China Grain Storage?

Grain storage was established under the consideration of the national grain strategy. COFCO is a state-owned enterprise and operates purely commercially.

Entrusted by the State Council, China Grain Reserve is specifically responsible for the operation and management of central grain reserves (including central reserve oil, the same below), taking overall responsibility for the total quantity, quality and storage safety of central grain reserves, and at the same time accepting the entrustment of the state to carry out control tasks such as the purchase, sale and storage of grain and oil.

At present, COFCO has nine business segments, including COFCO Grain and Oil, COFCO Grain and Oil, China Food, Real Estate Hotel, China Native Animal, Tunhe, COFCO Packaging, COFCO Development and Finance. It owns China Food (HK 0506), COFCO Holdings (HK 0606), Tunhe (600737) and COFCO Real Estate (0003 1).

COFCO is a Fortune 500 enterprise, the largest grain, oil and food enterprise in China, and a leading diversified product and service provider in agricultural products and food fields in China. COFCO is committed to building a grain, oil and food enterprise in the whole industry chain from the field to the dining table, and to building an urban complex with a full service chain.