Zhongpin Inc. Held Annual General Meeting of Shareholders
17 Junio 2009 - 8:00AM
PR Newswire (US)
CHANGGE CITY, China, June 17 /PRNewswire-Asia-FirstCall/ --
Zhongpin Inc. (NASDAQ:HOGS) ("Zhongpin" or the "Company"), a
leading meat and food processing company in the People's Republic
of China ("China"), today announced that the Company held its
Annual General Meeting of Shareholders (the "AGM") on June 15, 2009
at its representative office in Beijing, China. At the AGM, the
proposal for the election of five directors to serve until the AGM
in 2010, as set out in the Company's definitive Proxy Statement,
was approved. Specifically, the shareholders elected Mr. Xianfu
Zhu, Mr. Baoke Ben, Mr. Raymond Leal, Mr. Yaoguo Pan, and Mr. Min
Chen to continue to serve as directors. The Board of Directors also
ratified the appointment of BDO Guangdong Dahua Delu CPAs,
independent registered public accountants, as the Company's
independent auditors for the fiscal year ending December 31, 2009.
At the AGM, the CEO and Chairman, Mr. Xianfu Zhu also discussed the
Company's business operations and future growth strategy.
Zhongpin's management continues to hold a positive outlook for the
long-term growth potential of China's pork industry. "As China's
economy recovers, positive consumer outlook will drive the demand
for high quality pork products. We believe our strategic capacity
expansion, optimization of our product mix, targeted market
penetration, and brand building efforts are geared towards
successfully capitalizing on the available growth potential in the
Chinese pork processing industry," said Mr. Zhu. About Zhongpin
Zhongpin is a meat and food processing company that specializes in
pork and pork products, and fruits and vegetables in China. Its
distribution network in China spans 20 provinces and 4 cities with
special legal status, and includes over 3,097 retail outlets.
Zhongpin's export markets include the European Union and Southeast
Asia. For more information, contact CCG Investor Relations directly
or go to Zhongpin's website at http://www.zpfood.com/ . Safe Harbor
Statement Under the Private Securities Litigation Reform Act of
1995: Certain statements in this press release and oral statements
made by Zhongpin on its conference call in relation to this release
constitute forward-looking statements for purposes of the safe
harbor provisions under The Private Securities Litigation Reform
Act of 1995. These statements include, without limitation,
statements regarding our expectations of future consumer demand,
ability to prepare the Company for growth, predictions and guidance
relating to the Company's future financial performance. We have
based these forward-looking statements largely on our current
expectations and projections about future events and financial
trends that we believe may affect our financial condition, results
of operations, business strategy and financial needs, but these
projections also involve risks and uncertainties that could cause
actual results to differ materially from those in the
forward-looking statements, which may include, but are not limited
to, such factors as, unanticipated changes in product demand,
interruptions in the supply of live pigs/raw pork, downturns in the
Chinese economy, delivery delays, freezer facility malfunctions,
poor performance of the retail distribution network, changes in
applicable regulations, and other information detailed from time to
time in the Company's filings and future filings with the United
States Securities and Exchange Commission. You are urged to
consider these factors carefully in evaluating the forward-looking
statements herein and are cautioned not to place undue reliance on
such forward-looking statements, which are qualified in their
entirety by this cautionary statement. The forward-looking
statements made herein speak only as of the date of this press
release and the Company undertakes no duty to update any
forward-looking statement to conform the statement to actual
results or changes in the company's expectations. For more
information, please contact: Crocker Coulson, President CCG
Investor Relations Tel: +1-646-213-1915 Email: Web:
http://www.ccgirasia.com/ Feng Wang, Chief Financial Officer
Zhongpin Inc. Tel: +86-10-8286-1788 Email: Web:
http://www.zpfood.com/ DATASOURCE: Zhongpin Inc. CONTACT: Crocker
Coulson, President of CCG Investor Relations, +1-646-213-1915, or ;
Or Feng Wang, Chief Financial Officer of Zhongpin Inc.,
+86-10-8286-1788, or Web site: http://www.zpfood.com/
Copyright