ABC finance dept. manager visits Tongwei

September 5, general manager of the rural industry finance department from Agricultural Bank of China, Mr. Li Peifeng and delegation paid a visit to Tongwei, and received warm welcome from Board Chairman, Mr. Liu Hanyuan, CFO, Ms. Zhuo Yujiao, Vice president of Tongwei Co., Ltd. Mr. Liu Zhiquan, and CFO, Mr. Yuan Shihua.

Accompanied by Mr. Liu Hanyuan, Mr. Li visited the hall of honors and gave high credit for Tongwei s achievements during its development.

At the meeting afterwards, CFO Ms. Zhuo Yujiao made a speech of welcome, and expressed the wish to establish a long-term mutual cooperation between ABC and Tongwei.

Board Chairman of Tongwei Group, Mr. Liu Hanyuan gave thanks to ABC s great support for Tongwei, and reviewed the last 30 years cooperation path between the two sides. He said ABC has been the core cooperative bank of Tongwei for many years.

Mr. Liu later introduced Tongwei s development path for the guests. He said, Tongwei Group is a leading technologically advanced private enterprise. Focusing its core business on agriculture and new energy, the company continues its development blitz with chemical industry, pet food, IT, construction and real estate. The Group operates nationwide as well as in Southeast Asia with its 100-odd branch/subsidiary companies and approximately 10,000 employees. Among these, Tongwei Co., Ltd is a listed company that manages an annual feed production capacity of over 6 million tons. The company has captured 25% of China s market share for aquafeed, which makes it the nation s industry leader for 16 consecutive years. It has become the world s largest aquafeed manufacturer as well as major livestock and poultry feed producer.

With its healthy and fast development, Tongwei Group has built a formidable business that tallied 26.2 billion RMB in sales in 2009. To fulfill its grand vision of Enhancing Life Quality of Mankind by Creating a World-class Brand of Aquatic Products , Tongwei perseveres in feed and aquaculture core business development, as well as its industrial chain build-up on its way to the world-class safe food supplier. Meanwhile, Tongwei strives to strengthen its competitiveness through huge investment in polycrystalline silicon and solar PV industry. It aims to become the world s largest polycrystalline silicon manufacturer and the world s largest clean energy enterprise. With this, Tongwei Group s sales revenue will reach 50 to 80 billion RMB in 3 to 5 years.

In addition, assistant president of Hainan Tongwei Mr. Yi Ganghui reported aquatic industrial chain build-up of Hainan Tongwei to the guests. Hainan Tongwei strives for an information-based, market-driven international market, and make every effort to build industrialized, standard, intensive system focusing on tilapia.

Assistant president of Tongwei Co., Ltd. Mr. Wan Xuegang introduced Tongwei s Ronglai mode, as well as its poultry and livestock industrial chain build-up. Ronglai mode has formed an industry cluster that involves farming, feed, pharmaceuticals, investment guarantee, slaughter and processing. The total investment of Ronglai mode reaches RMB 500 million yuan, with the participation of 8 leading companies. In 3 to 5 years, the total annual sales revenue will exceed 3 billion yuan.