MBN Enterprise Sdn Bhd, a wholly-owned subsidiary of MYMBN Berhad ("MYMBN" or “The Group”), Malaysia's leading bird's nest processor, is pleased to announce a significant enhancement of its strategic partnership with Yan An Ju (Xiamen) Group Co., LTD (“Yan An Ju”), a prominent player in the Edible Bird’s Nest (“EBN”) processing industry in the People’s Republic of China (“PRC”). This collaboration is formalised through the signing of a Memorandum of Understanding (“MoU”) focusing on the purchase and sale of Raw Unclean Edible Bird’s Nest (“RUCEBN”) in China, valued at RM60 million and will last from 2025 until 2026.

The MoU was signed during the launch ceremony of the Malaysia Agriculture, Horticulture & Agrotourism Exhibition (MAHA) Go Global 2024 today, witnessed by YB Datuk Seri Haji Mohamad bin Sabu, Minister of Agriculture and Food Security. MAHA Go Global serves as a catalyst for business growth within the agriculture and horticulture sectors, stimulating exports, and fostering innovation.

As the first Malaysian company approved by the General Administration of Customs China (“GACC”) to export RUCEBN directly to China since 2019, MYMBN has established a significant presence in the Chinese market. Since then, Yan An Ju has been a key partner, contributing approximately RM35 million in annual revenue to MYMBN.

“We are pleased to further solidify our collaboration with Yan An Ju through this MoU, which reflects the confidence placed in MYMBN regarding the consistency and quality of our RUCEBN supply. By consistently delivering high-quality products with competitive value, this partnership not only enhances our strategic vision to strengthen our market position in China but also drives mutual growth and innovation within the Bird’s Nest industry,” said Mr. Lavernt Chen Vun Wo, Executive Director of MYMBN.

"The trading plan outlined in this MoU will grant the group the requisite earnings visibility and strategic direction. It involves the import of the first batch of RUCEBN by the Early of 2025. Furthermore, MYMBN is set to supply RM60 million worth of EBN to Yan An Ju from 2025 to 2026, highlighting the substantial scale and long-term commitment of this partnership."

“This strategic move is well-aligned with our downstream strategy, strengthening our market presence while supporting the economic growth of both Malaysia and China. By promoting trade and cultural exchange, we are fostering deeper bilateral relationships and mutual prosperity,” Mr. Lavernt concluded.

MYMBN who is principally involved in the processing and sale of EBN, specifically RUCEBN, registered a profit before tax (“PBT”) of RM0.70 million for its second quarter financial results ended 30 June 2024 (“Q2FY24”), compared to PBT of RM0.55 million in the preceding quarter (“Q1FY2024”). The Group achieved a profit after tax (PAT) of RM0.45 million in Q2FY2024, marking a 45.81% increase from RM0.31 million in Q1FY2024. This growth is attributed to a RM0.06 million or 3.49% rise in gross profit, driven by a lower average purchase price for raw birds’ nests in Q2FY2024.

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