Farmmi, Inc. Proposes to Acquire Brazilian Agricultural Supply Chain Company

LISHUI, China, Aug. 4, 2026 — Farmmi, Inc. ("Farmmi" or the "Company") (Nasdaq: FAMI) today announced that the Company has signed an acquisition framework agreement with the shareholders of FOUR SEASONS HOLDING GROUP BRAZIL LTDA. (the "Target Company") for the purpose of acquiring 100% of the equity interests in the Target Company. The proposed transaction is intended to further expand the Company's business presence in the agricultural supply chain sector in Brazil and globally.

The Target Company is a limited liability company established under the laws of the Federative Republic of Brazil, with its registered address in Chapecó, Santa Catarina, Brazil. The Target Company is principally engaged in the global agricultural supply chain and trading business including soybeans, sugar, chicken, beef and other agricultural products.

Farmmi proposes to acquire 100% of the equity interests in the Target Company. The final acquisition price will be determined based on the fair valuation of the Target Company's equity interests conducted by a qualified independent valuation firm. The acquisition consideration is expected to be paid through the issuance of Farmmi Class A ordinary shares; the number of shares to be issued and other terms will be determined in subsequent definitive transaction documents.

Brazil is a major producer and exporter of agricultural products in the world. Farmmi believes that, if the transaction is completed, the Target Company's local operating foundation and agricultural product trading capabilities in Brazil are expected to create synergies with Farmmi's existing business, helping the Company further connect the South American agricultural product supply side with international markets and enrich the product categories and regional coverage of the Company's global agricultural supply chain.

Yefang Zhang, Chief Executive Officer of Farmmi, commented: "Brazil plays an important role in the global agricultural trade system. The signing of this framework agreement is an important step for the Company in expanding its international agricultural product supply chain network. We look forward to evaluating the potential synergies between the parties in products, channels and markets through professional due diligence, independent valuation and prudent transaction arrangements, and creating new opportunities for the Company's long-term development."

About Farmmi, Inc.

Established in 1998, Farmmi Inc. (Nasdaq: FAMI) is an agricultural products supplier and retailer of edible mushrooms such as Shiitake and Mu Er, as well as other agricultural products. The Company also provides logistics and supply chain services in the United States.

The Company currently has 41,434,077 Class A ordinary shares and 3,873 Class B ordinary shares outstanding.

For further information about the Company, please visit: https://www.farmmi.com.