Additional company background: Logitec Plus B.V. is a well-known Dutch agricultural technology company, renowned worldwide for its automated equipment related to substrate treatment. Its technology is widely used in high-end greenhouse projects in Europe.

· Strong alliance and complementary technologies

Nongsheng Taige, a leading Chinese company in greenhouse agriculture automation, has long been an authorized distributor of Logitec Plus B.V.'s substrate treatment automation equipment, successfully implementing several benchmark projects in China. The establishment of this joint venture, Wensmark, marks a significant upgrade from a distribution partnership to deep technological integration. Logitec Plus B.V. will share its core technologies with Wensmark, combining them with Nongsheng Taige's localized R&D capabilities and market experience.

· Efficiency improvement of localized production
By establishing a production base in China, Vincemark will significantly shorten its supply cycle—from several months to just a few weeks—while reducing product prices by approximately 30%-40%. This new production model is expected to accelerate the large-scale development of facility agriculture in China.

· Technology Implementation: Combining Dutch Experience with Chinese Innovation

To ensure the accuracy of technology transfer, Nongsheng Taige has already accumulated a number of independent R&D achievements. In the future, the two parties will jointly develop automated equipment related to matrix processing that is applicable to different production environments and requirements in different regions around the world.

The picture shows the CEO of Logitec Plus B.V. visiting China during the joint venture's preparation period to guide Nongshengtai engineers in optimizing production processes.

· Market Potential: Targeting Asian Demand for Facility Agriculture

China's greenhouse industry has grown year by year, but high-end equipment still relies on imports. Vincemark's localized production will not only meet domestic demand but also reach the global market. The establishment of the joint venture will help China's facility agriculture align with international standards.

Vincemark's first products were launched in the first quarter of 2025. The future is here; from Suzhou to the world, Vincemark's ambitions extend beyond the Chinese market. Its global sales network through the Dutch company Logitec Plus B.V., combined with Nongsheng Taige's channel advantages in Belt and Road countries, has already secured orders for its first batch of products from Southeast Asia and Central and Eastern Europe. This may well be the true goal of this transnational partnership: when the fertile land of the East meets European technology, enabling every region to engage with the world.