American Dairy Announces Milk Donation Agreement.BEIJING -- 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 soybean, soya bean, or soy pea, leguminous plant (Glycine max, G. soja, or Soja max) of the family Leguminosae (pulse family), native to tropical and warm temperate regions of Asia, where it has been products in China, today announced that Mr. 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., has signed a donation agreement with The China Social Work Association for the Rescue of Orphaned Children. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the agreement, American Dairy, Inc. will donate RMB RMB Right Mouse Button RMB Regional Management Board (USACE) RMB Rolf Maier Bode (musician, band) RMB Ren Min Bi (currency of People's Republic of China) 700,000 (US$84,000) of milk powder to the association. American Dairy, Inc. will deliver this milk powder to 10 orphanages in the following Midwest regions of China: --Qiqihar and Harbin in the Heilongjiang Province --Hulunneiermegn in Inner Mongolia Inner Mongolia Chinese Nei Mongol or Nei-meng-ku Autonomous region (pop., 2002 est.: 23,790,000), China. Stretching some 1,800 mi (2,900 km) across north-northeastern China, it has an area of 454,600 sq mi (1,177,500 sq km); its capital is Hohhot. --Yunchen in the Shanxi Province --Shangrao and Yifeng in the Jiangxi Province --Yenan in the Shangxi Province --Weifang in the Shandong Province --Changchun in the Jilin Province --Yibin in the Sichuan Province Both parties will guarantee the quality of milk powder, and make sure the milk powder is sent to child welfare homes as soon as possible. The goal of The China Social Work Association for the Rescue of Orphaned Children is to promote the long term welfare of orphaned children in China. American Dairy, Inc. was selected by the committee based on the high quality of milk powder products and the Company's strong history of giving back to Chinese society. Both the committee and American Diary, Inc. seek to protect and promote the health of the next generation in China. As part of American Dairy's commitment to orphaned children, they strive to create an environment for all children in China to develop to their fullest potential. In July 2005, The National Industry and Commerce Trademark Bureau of China recognized the "Feihe" trademark as one of China's most identifiable brands. Additionally, American Dairy, Inc. was named "One of the Most Trustworthy Baby Milk Powders in China" by the Netizen poll, an online Chinese consumer poll. About American Dairy, Inc. American Dairy, Inc. conducts operations in The People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. 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 Kedong ( Simplified Chinese: 克东; Traditional Chinese: 克東; Pinyin: Kèdōng , 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. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion