February 26, 2024

LOS ANGELES, Feb. 9, 2024 /PRNewswire/ -- Nature's Miracle Holdings Inc. ("Nature's Miracle") has entered into a Joint Development Agreement with Afafa, Inc. ("AFAFA") to exclusively design, develop, manufacture and sell industry leading MiracleFarm "5+1" container farm units. MiracleFarm "5+1" container units are expected to be an innovator in the vertical farming business as a self-contained indoor farming unit which can create cost savings combined with potential higher yield compared to a conventional vertical farming facility. A MiracleFarm "5+1" container farm consists of five vegetable-growing 40-foot containers plus one container providing the controlling and seeding function. MiracleFarm plans to utilize industrial robots inside the container to maintain the micro environment inside the MiracleFarm containers. MiracleFarm can also be deployed with solar power generation as well as mobile energy storage units depending on locations. Nature's Miracle will jointly develop MiracleFarm with AFAFA by investing in research, design of the product, material costing and final manufacturing processes of units. AFAFA will become the manufacturing partner while Nature's Miracle will be the exclusive partner for marketing, sales and distribution in North America, Europe, Asia and Middle East. Nature's Miracle is planning to launch our Miracle Farm "5+1" container farm units in North America in mid-2024.

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