Yew Bio-Pharm Group, Inc. announced that it recently signed a significant Product Sales and Exclusive Distribution Agency Agreement ("Agency Agreement") to sell yew essential oil extracted from Taxus cuspidate. The Agency Agreement will continue for three years until July, 2021. According to the Agency Agreement, in order to maintain exclusive agency rights, the agency agrees to purchase no less than RMB 30,000,000 or about USD 4,300,000 worth of yew essential oil from the Company during the first year, and the purchase amount will increase at least 30% year over year. In addition, pursuant to the Agency Agreement, the agency will place several orders to purchase yew essential oil in each agreement year. The Company received the first order payment of RMB 210,000 or about $30,000 in dollar in September 4, 2018.