WEIFANG, China, March 23 /PRNewswire-Asia/ -- Yuhe International Inc. (Nasdaq: YUII) ("Yuhe" or "the Company"), a leading supplier of day-old chickens raised for meat production, or broilers, in the People's Republic of China ("PRC"), today announced that Mr. Zhentao Gao, the Company's Chairman and Chief Executive Officer, was elected as Executive Deputy Chairman of the China Overseas Listed Corporations Association (COLCA), which was founded on March 7, 2010.
The first council meeting of COLCA was held at Beijing Haoyuan Jianguo Hotel on March 7, 2010 and was sponsored by more than 40 Chinese companies that are listed on overseas stock exchanges or intend to go public overseas.
As a non-profit organization, COLCA is committed to ensuring that its member companies comply with the laws and regulations of China as well as those of the countries where their shares are traded. In addition, COLCA will make efforts to improve the disclosure practices of Chinese overseas listed companies thereby improving investor confidence. Further, COLCA will promote business cooperation between membership companies and related consulting institutions in order to reduce the financing costs of Chinese companies. Please visit COLCA's official website http://www.colca.org.cn for more detailed information.
"I am honored to be elected as Executive Deputy Chairman of COLCA," said Mr. Gao "As a member of COLCA, Yuhe International will now benefit from the support and guidance of other public Chinese companies in overseas stock exchanges. We also look forward to business opportunities with other members to create sustainable value for our shareholders."
About Yuhe International, Inc.
Founded in 1996, Yuhe is the second largest day-old broiler breeder in China. The Company's main operations involve breeding, as all broilers are sold within a day of hatching. With headquarters in Weifang, Shandong province, the Company has modern facilities and is led by an experienced team, which includes experts in chicken breeding, disease prevention and animal husbandry science. Yuhe has two operational subsidiaries, Weifang Yuhe Poultry Co. Ltd. and Weifang Taihong Feed Co. Ltd., which largely supplies the Company's internal demand for chicken feed. Currently, 90% of the Company's sales of day-old broilers are in Shandong province through 28 local agents there. There are 10 other sales agents in adjacent provinces. The Company has imported state-of-the-art equipment from the United States, Germany and Japan and has passed ISO9001 certification, allowing it to adhere to international standards of operation. For more information on the Company and its products, please visit http://www.yuhepoultry.com .
Cautionary Statement
This press release contains forward-looking statements concerning the Company's business, products and financial results. The Company's actual results may differ materially from those anticipated in the forward-looking statements depending on a number of risk factors including, but not limited to, the following: general economic and business conditions, development, shipment, market acceptance, additional competition from existing and new competitors, changes in technology, and various other factors beyond the Company's control. All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement and the risk factors detailed in the Company's reports filed with the Securities and Exchange Commission. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.
For more information, please contact:
Yuhe International, Inc.
Mr. Vincent Hu, CFO
Phone: +86-536-7300-667
Email: vincent.hu@yuhepoultry.com
Mr. Jason Wang, Director of Investor Relations
Phone: +1-765-409-1844
Email: jason.wang@yuhepoultry.com
Web: http://www.yuhepoultry.com
CCG Investor Relations Inc.
Mr. Crocker Coulson, President
Phone: +1-646-213-1915 (New York)
Email: crocker.coulson@ccgir.com
Mr. Shaun Smolarz, Financial Writer
Phone: +1-646-701-7444
Email: shaun.smolarz@ccgir.com
Web: http://www.ccgirasia.com