American Dairy Announces CEO Recognition; Leng You-Bin Ranked on Forbes China List.BEIJING, China -- American Dairy, Inc. (PCX (1) A bitmapped graphics file format that handles monochrome, 2-bit, 4-bit, 8-bit and 24-bit color and uses RLE to achieve compression ratios of approximately 1.1:1 to 1.5:1. Images with large blocks of solid colors compress best under the RLE method. See PC Paintbrush. :ADY), one of the leading producers and distributors of milk powder and soybean products in China, today announced that Leng You-Bin, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of American Dairy, Inc. was ranked on Forbes China and was recognized by the Government of Heilongjiang Province for his entrepreneurship. In November's issue of Forbes China, Leng ranked 358 out of China's 400 wealthiest individuals. Rankings were based on individual total net worth, including stock ownership, and Leng You-Bin's ranking reflects his majority ownership of American Dairy, Inc. Other Chinese CEO's of US-listed public companies who were included in the Forbes ranking were: Ding Lei, of Netease.com, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : NTES NTES Netease.com Inc (stock symbol) NTES National Technical Employment Services, Inc. ); Chen Tianqiao, of Shanda Interactive Entertainment, Ltd. (NASDAQ: SNDA); Li Yan Hong, of Baidu.com, Inc. (NASDAQ: BIDU); Li Jin Yuan, of Tiens Biotech Group Tiens Biotech Group USA Inc., Ticker (TBV), operates primarily through its China-based subsidiary Tiens Biological Development CO. Ltd. Tiens Biological has developed and produced seven major product series, of which six comprise nutrition supplement products, and the seventh USA, Inc. (AMEX AMEX See: American Stock Exchange : TBV TBV abbr. total blood volume ); Jiang Nanchun, of Focus Media Holdings, Ltd. (NASDAQ: FMCN); Zhu Jun, of The 9 Ltd. (NASDAQ: NCTY). Mr. Leng was also recognized by the Government of Heilongjiang Province for being an Outstanding Non-State-Owned Entrepreneur. Specifically, Mr. Leng was recognized for his excellent management and leadership skills, which drove American Dairy's rapid development in 2005. About American Dairy, Inc. American Dairy, Inc. conducts operations in The People's Republic of China ("China") through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Feihe Dairy. Founded in 1962, Feihe Dairy is one of the leading producers and distributors of milk powder and soybean products in China. Feihe Dairy is located in Kedong County, China, and has been in operation since 2001. American Dairy also has a milk powder processing plant, BaiQuan Feihe Dairy in Kedong County, and also has a milk powder processing plant in the city of QiQiHaEr, Heilongjiang Province. Certain of the statements made herein constitute forward-looking statements that involve risks and uncertainties. In such instances, actual results could differ materially as a result of a variety of factors, including the risks associated with the effect of changing economic conditions in The People's Republic of China, variations in cash flow, reliance on collaborative retail partners and on new product development, variations in new product and service development, risks associated with rapid technological change, and the potential of introduced or undetected flaws and defects in products and services, and other risk factors detailed in forms filed with the Securities and Exchange Commission from time to time. |
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