Zhongpin Inc. Held Annual General Meeting of Shareholders.
CHANGGE CITY, China, June 17 /PRNewswire-Asia-FirstCall/ -- Zhongpin Inc. ("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 AGM annual general meeting
AGM n abbr (= annual general meeting) → AG f
AGM n abbr (= annual general meeting) → JHV f ") 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 Proxy Statement
A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting. , was approved. Specifically, the shareholders elected Mr. Xianfu Zhu, Mr. Baoke Ben, Mr. Raymond Leal LEAL. Loyal; that which belongs to the law. , Mr. Yaoguo Pan, and Mr. Min Chen to continue to serve as directors. The Board of Directors also ratified the appointment of BDO BDO Big Day Out (Australian music festival)
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BDO Big Dumb Object 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 (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. 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.
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 CCG Chicago
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The process by which the corporation communicates with its investors. directly or go to Zhongpin's website at http://www.zpfood.com/ .
Safe Harbor Statement Under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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: email@example.com Web: http://www.ccgirasia.com/ Feng Wang, Chief Financial Officer Zhongpin Inc. Tel: +86-10-8286-1788 Email: firstname.lastname@example.org Web: http://www.zpfood.com/
CONTACT: Crocker Coulson, President of CCG Investor Relations, +1-646-213-1915, or email@example.com; Or Feng Wang, Chief Financial Officer of Zhongpin Inc., +86-10-8286-1788, or firstname.lastname@example.org
Web site: http://www.zpfood.com/