PLS Plantations Berhad (PLS or the Group) trading and export subsidiary, Dulai Fruits Enterprise Sdn Bhd (Dulai Fruits) cemented their export and exclusive distribution agreement with COFCO Food Import Co. Ltd. (COFCO Food), the import and distribution subsidiary of China Oil and Foodstuffs Corporation (COFCO) in Shanghai. The agreement was formalised in Shanghai, China.

This exclusive distribution agreement was inked after months of extensive engagements and evaluation by COFCO. This further re-enforced PLS's track record and commitment to developing sustainable models in support of the Malaysia's food security programme, that aims to scale the production of agriculture and aquaculture produce through strategic partnerships and joint-ventures with established and experienced farms and farmers. Present for the signing of the agreement at Shanghai are Ms. Wu Yiran, the Vice General Manager of COFCO Food Import CO., Ltd, whilst Mr. Eric Chan, CEO of Dulai Fruits are on site as representatives of the Group.

With this exclusive distribution partnership, both PLS and COFCO aim to achieve an annual growthrate of 30% (annual import volume of 200 million yuan) in all types of durian imported from Malaysia over the next three (3) years. This will lay a good foundation for bilateral investment in agriculture between the two parties moving forward, and together the two countries - China and Malaysia - will make proactive contributions to the development of the Belt and Road Initiative.