FB Holdings Inc. (“FBH”) is an official licensee of Sunkist Growers, Inc. (“Sunkist”) in accordance with the Trademark License Agreement (“TLA”) with Sunkist dated December 2018. Under the terms of the TLA, as amended, Sunkist licensed to FBH and FB International Inc. (“FBI”), FBH’s affiliate, the right to produce, market and sell the fresh-cut processed fruits and vegetable products of Sunkist in Asia and other regions. FBH has a Vietnamese affiliate (“Fresh & Better International, Inc.”) currently building a manufacturing facility on a 30,000 square meter (322,917 square feet) site in Binh Duong Province, Vietnam (“Facility #1”). When completed, the Facility #1 will house state-of-the art manufacturing facility capable of producing the fresh-cut processed fruits and vegetable products

FBH is committed to supplying safe and delicious food to consumers in Asia and beyond with products manufactured from Facility #1 and contract packer facilities in Korea. By supplying our products manufactured in compliance with the stringent hygiene standards and the rigorous quality assurance guidelines, FBH aims to not only globalize local produce from various countries but also contribute to growing the income of farmers we work with.

Sponsored by FBH, new product development is under way through Research & Development Center at Facility #1 to develop products featuring unique market characteristics in each region served by FBH. FBH has also launched collaboration projects with Seoul National University and Sookmyung Women’s University. With Seoul National University, FBH is going to form a long-term partnership to develop sustainable convenient food; with Sookmyung Women’s University, FBH has signed the technology transfer agreement for commercialization of the fresh-cut processed fruits and vegetable products. Through the industry-academia collaboration initiatives, FBH is carrying out research and development to introduce products that would set us apart from foreign competitors’ brands. In addition to the Facility #1 in Vietnam, we are also building a new production facility in Korea (“Facility #2”) which is expected to be ready for production in 2022. When completed, the production volume from Facility #2, majority of which will come from locally sourced produce, is expected to take care of domestic demands as well as contribute to export outside of Korea.

In furtherance of collaboration between industry and university, FBH and College of Human Ecology of Seoul National University agreed to jointly formulate long-term R&D plan for the development of sustainable convenient food by becoming co-tenants of the university research center ready for move-in in 2022. Once construction is completed, FBH and Seoul National University will move into the Sustainable Food R&D Center to be built at Global R&D Unit, Shiheung Campus to start working on R&D projects.

With continuous innovation made through R&D efforts by FBH and university-business collaboration with leading universities, quality products manufactured from our facilities will be distributed as Sunkist brand to the global markets through regional distribution channels worldwide.

With our unwavering commitment to research and development for healthy food, we aim to become a world leader in agricultural food processing industry by making great products for society.