CHANGGE and BEIJING, China,
June 15, 2011
/PRNewswire-Asia-FirstCall/ -- Zhongpin Inc. ("Zhongpin", Nasdaq:
HOGS), a leading meat and food processing company in the People's Republic of China, today
announced that Zhongpin's Board of Directors has elected Mr.
Xiaosong Hu as a Director, effective
as of June 16, 2011. He will chair
and serve on the Nominating Committee and will serve on the Audit
and Compensation Committees of the Board of Directors.
Mr. Xianfu Zhu, Chairman and
Chief Executive Officer of Zhongpin, said, "We are very pleased to
welcome Xiaosong Hu to Zhongpin's
Board of Directors. With 23 years of professional experience, his
extensive involvement and expertise in our industry, in research
and teaching, and in government and academic associations will
bring substantial additional depth and breadth to our board. Mr. Hu
has extensive experience and knowledge in the study of food safety
issues in China, which we believe
will also be very valuable as we execute our expansion strategy. We
are sure his contributions to our deliberations and decisions will
help guide our future success as we strive to continue pleasing
customers, growing our company, and creating additional value for
shareholders."
Since June 1988, Mr. Hu has been
engaged in teaching and research work in the Food Science and
Engineering College of the China Agricultural University. He is
currently a professor and an advisor to Ph.D. candidates.
He graduated with a bachelor's degree in agriculture from the
Huazhong Agricultural College in 1982 and with a master's degree
from the Food Science Department of the Beijing Agricultural
University in 1988.
Mr. Hu serves in several academic and government organizations
that include:
- Executive Vice President of the Science and Technology
Development Academy of the China Agricultural University.
- Member of the Growth Enterprise Market Technical Committee of
the China Securities Regulatory Commission.
- Vice President of the Chinese Institute of Food Science and
Technology.
- Member of the Science and Technology Committee of China's Ministry of Agriculture.
- Member of the Academic Committee of the Chinese Academy of
Agricultural Sciences.
- Member of the State Food and Nutrition Consultant
Committee.
Mr. Hu was born in 1961 and is 50 years old.
About Zhongpin
Zhongpin Inc. is a meat and food processing company that
specializes in pork and pork products, vegetables, and fruits in
China. Its distribution network in
China covers 20 provinces plus
Beijing, Shanghai, Tianjin, and Chongqing and includes 3,378 retail outlets.
Zhongpin's export markets include Europe, Hong
Kong, and other countries in Asia. For more information about Zhongpin,
please visit Zhongpin's website at http://www.zpfood.com.
Safe harbor statement
Certain statements in this news release may be forward-looking
statements made under the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Zhongpin has based its
forward-looking statements largely on its current expectations and
projections about future events and trends that it believes may
affect its business strategy, results of operations, financial
condition, and financing needs.
These projections 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 downturns in the Chinese economy, unanticipated
changes in product demand, interruptions in the supply of live pigs
and or raw pork, the effects of weather on hog feed production,
poor performance of the retail distribution network, delivery
delays, freezer facility malfunctions, Zhongpin's ability to build
and commence new production facilities according to intended
timelines, the ability to prepare Zhongpin for growth, the ability
to predict Zhongpin's future financial performance and financing
ability, changes in regulations, and other information detailed in
Zhongpin's filings with the United States Securities and Exchange
Commission. These filings are available from www.sec.gov or from
Zhongpin's website at www.zpfood.com.
You are urged to consider these factors carefully in evaluating
Zhongpin's forward-looking statements and are cautioned not to
place undue reliance on those forward-looking statements, which are
qualified in their entirety by this cautionary statement. All
information provided in this news release is as of the date of this
release. Zhongpin does not undertake any obligation to update any
forward-looking statement as a result of new information, future
events, or otherwise, except as required by law.
For more information, please
contact:
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Zhongpin Inc.
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Mr. Sterling Song (English and
Chinese)
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Investor Relations
Manager
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Telephone +86 10 8286 1788
extension 101 in Beijing
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ir@zhongpin.com
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Mr. Warren (Feng) Wang (English
and Chinese)
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Chief Financial
Officer
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Telephone +86 10 8286 1788
extension 104 in Beijing
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warren.wang@zhongpin.com
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Christensen
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Mr. Tom Myers
(English)
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Mobile +86 139 1141 3520 in
Beijing
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tmyers@christensenir.com
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Ms. Kathy Li (English and
Chinese)
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Telephone +1 480 614
3036
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kli@christensenir.com
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SOURCE Zhongpin Inc.