Good News| Better World Naturals was awarded the tile of “a leading enterprises specializing in niche sectors in Shanghai”

The Shanghai Municipal Commission of Economy and Information Technology has released a list of municipal leading enterprises specializing in niche sectors (also high-tech and high-growth enterprises with new technology, new business form, new mode in new industry) for 2022. Better World Naturals Co., Ltd. (“BWN”), a subsidiary of Huabao Flavours & Fragrances Co.，Ltd. (“Huabao”), successfully passed the recognition of “a leading enterprises specializing in niche sectors in Shanghai” in 2022 by virtue of its prominent achievements in niche sectors and its outstanding corporate strength.

Cultivating “leading enterprises specializing in niche sectors” is a major state project to guide small- and medium-sized enterprises to enhance their independent innovation ability and core competitiveness, and constantly improve the development quality and level. A “leading enterprise specializing in niche sectors” refers to high-tech and high-growth enterprises with new technology, new business form, new mode in new industry. These enterprises focus on market segments, boast strong innovation ability and high market share, grasp the key core technology, provide both quality and efficiency, and stand head echelon of the industrial chain of each segment. Enterprises that obtain this recognition can enjoy preferential government policies in taxation, financing, talent and so on, which is conducive to the rapid development and expansion of enterprises.

The recognition of BWN as a “leading enterprise specializing in niche sectors” demonstrated that the government departments and professional organizations have highly recognized BWN for its ability in niche sectors and future development potential This will further enhance the influence and competitiveness of BWN in the field of biotechnology, and help promote the high-quality sustainable development process of BWN and Huabao.

Since its establishment, BWN has been committed to relying on technological innovation, market-driven and unique whole industry chain integration to provide customers with integrated full-scene application solutions of high value-added plant extracts. It has a high-quality R&D team, with rich technical experience and innovation ability. In the future, BWN will live up to its honor and continue to move forward to improve its capability of independent R&D and scientific and technological innovation. Relying on Huabao’s international platform for scientific and technological innovation, BWN will develop more competitive high-quality products and make contributions to the technological innovation of Huabao and the country.

The second batch of list for leading enterprises specializing in niche sectors (also high-tech and high-growth enterprises with new technology, new business form, new mode in new industry) in Shanghai in 2022 been published on the website: https://sheitc.sh.gov.cn/gg/20230303/36f12a813e134f9aa95ccee169e457a8.html