Benefit from Outstanding Annual Results and Overseas Factories Being Approved as the First Batch of Registered Overseas Dairy Products Producers in the PRC

HONG KONG, Aug. 4, 2014 /PRNewswire/ — Ausnutria Dairy Corporation Ltd (“Ausnutria” or the “Company”, together with its subsidiaries, the “Group”; stock code: 1717), a paediatric milk formula company with its production facilities principally based in the Netherlands and engaged in the dairy industry with activities ranging from the research and development, milk collection, processing, production, packaging in the Netherlands and marketing and sales of dairy products to the PRC, Europe, North America, Middle East and other overseas countries, has fulfilled all the resumption conditions. The shares resumed trading from 9:00 a.m. today and the share price reached the highest at HKD2.4, up 64.38%. The stock closed at HKD2.15, up 47.26% or HKD0.69.

The share price of Ausnutria performing well is in part attributable to management‘s efforts in the past two years to fulfill the resumption requirements. Ausnutria also achieved outstanding performance in 2013 with significant turnover and net profit growth at 24.9% and 81.5%, respectively, when compared with 2012. Meanwhile, Ausnutria’s factory in the PRC was among one of the first batch of factories in the PRC that succeeded in obtaining the renewed production license and the three factories in the Netherlands were among one of the 41 worldwide manufacturers that succeeded in being approved as the first batch of registered overseas dairy products producers that were granted the registrations for exporting their products to the PRC under the New Policies. Furthermore, all the brands of the Group (including the series of Allnutria, Best Choice, Hyproca 1897, Kabrita, Puredo, Mygood, Lacfor, Eurlate, Neolac, etc.) are listed as the first batch of brands to be granted the approval for exporting the paediatric formula milk into the PRC. The Company has excellent development prospects.

The Company considers that under the leadership of the recent Chief Executive Officer, Mr. Bartle van der Meer who has ample international experience in banking, investment and paediatric nutritional products, together with the overseeing role of the independent non-executive Directors, the Group is now managed by a team of professional executives who have a strong background and diversified experience in paediatric nutritional products, consummating the internal governance of the Group. 

Mr. Yan Weibin, Chairman of the Company, said, “I am pleased to inform the Shareholders that the Company’s shares have resumed trading on 4 August 2014 after fulfilling the resumption conditions set out by the Exchange. This is attributable to the support and efforts by our management and the patience and understanding by the Shareholders of the Company. The past two years were complicated and challenging to the Group.  While it is the Board’s priority to deal with the issues leading to the Suspension, the Company has taken strategic move to comply with New Policies launched by the PRC government and at the same time to build the Group’s upstream production and procurement capability in order to capture the growing momentum in the PRC and other overseas markets.  We believe that the New Policies launched by the PRC government will improve the national standard for the safety of dairy products and accelerate the consolidation of the paediatric milk powder industry and would eventually lead to the elimination of small and medium enterprises in this industry. We believe that the Group is the only Chinese corporation which possesses a comprehensive production chain in the industry from milk collection, production and packaging to marketing and sales. Looking ahead, we will further strengthen the relationships with our customers and distributors in the PRC; continue the strategy of upward integration; increase the production capacity in the Netherlands; launch goat milk and cow milk based infant formula to other overseas countries; continue to work with Beijing University for the joint research and development on products and utilizing the production and distribution tracking systems, in order to cater for the long term growth and demand of paediatric nutritional products as well as to fulfill the requirements of government policies and regulations. Last but not the least, the Group will continuously and proactively strengthen its corporate governance so as to establish a solid foundation for future growth and enhance the confidence of shareholders and potential investors. The Group will continue to strive for the highest returns and value to the Shareholders in the long run.”

-End-

About Ausnutria Dairy Corporation Ltd

Ausnutria Dairy Corporation Ltd is a leading paediatric milk formula company with its production facilities principally based in the Netherlands and engaged in the dairy industry with activities ranging from the research and development, milk collection, processing, production, packaging in the Netherlands and marketing and sales of dairy products to the PRC, Europe, North America, Middle East and other overseas countries. For the year ended 31 December 2013, revenue of Ausnutria amounted to approximately RMB1,688 million, representing an increase of approximately RMB337 million from approximately RMB1,351 million for 2012. Despite of the share suspension since April 2012 and the New Policies as implemented by the PRC government, the Group was able to maintain a steady growth in both its turnover and operating results for the past two years.

Issued by Porda Havas International Finance Communications Group for and on behalf of Ausnutria Dairy Corporation Ltd. For further information, please contact:

Porda Havas International Finance Communications Group

Keely Chan

+852 3150 6760

keely.chan@pordahavas.com

Cherry Cheung

+852 3150 6773

cherry.cheung@pordahavas.com

Mandy Zhang

+852 3150 6765

mandy.zhang@pordahavas.com

Claire Li

+852 3150 6711

claire.li@pordahavas.com

Daniel Ip

+852 3150 6767

daniel.ip@pordahavas.com

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Paving the way for the next generation of business leaders and entrepreneurs

HONG KONG, Aug. 4, 2014 /PRNewswire/ — Citi Commercial Bank and The Hong Kong Polytechnic University (PolyU) jointly announced today the launch of the fourth Youth Leadership Program, which will run from August 4 to August 9, 2014.  The week-long summer training program is developed exclusively for the children of Citi Commercial Bank’s clients with the objective of introducing participants to the key leadership qualities and skills of successful entrepreneurs, and important trends that are shaping the global business world today.

This year, 25 participants aged 16 to 19 will take part in the Youth  Leadership Program, which consists of lectures and workshops on leadership and entrepreneurship, a leadership training camp, and company visits in Hong Kong and Mainland China.  In line with the evolving business environment, two new modules were added to this year’s program on global e-commerce and retail management. Participants will have the opportunity to apply the newly-acquired skills and knowledge through a virtual business retailing competition, whereby students will be divided into groups to devise a business plan and compete for the highest profit against other groups.

Anson Kwok, Head of Citi Commercial Bank, Citi Hong Kong, said, “Given the importance of local enterprises to the future growth of the Hong Kong economy, it is crucial that business leaders are able to continue their entrepreneurial and innovative spirit through generations.  Citi has been advising Hong Kong businesses on, and helping them meet their banking needs for decades.  As their trusted banking partner, we understand the complex business environment in which our clients operate and we are well positioned to help their next generation seize opportunities and navigate through challenges to ensure the continuous success of the business. We hope that the Youth Leadership Program will serve as a good starting point for participants to understand the business world, and equip them with the positive mindset and leadership skills, which will benefit them for life.”

Mr. Raymond Chu, Assistant Director of Institute for Entrepreneurship (IfE), The Hong Kong Polytechnic University, said, “It is PolyU as well as IfE’s mission to foster and promote innovation and the ‘Do Well Do Good’ entrepreneurial culture in the University and the community. Given the success and encouraging feedback in the last three years, we are very happy to partner with Citi again this year to witness another batch of young people joining the program. The program will not only teach them the concepts and theories of entrepreneurship, but also foster the entrepreneurial spirit among the youths, paving the way for their development into the future leaders of Hong Kong.”

The 2014 Youth Leadership Program will run from August 4 to August 9, 2014.   This year’s program will cover:

Lectures/ Workshops

Activities

Global Leadership

Leadership Training Day Camp

Global e-commerce

– Company Visit  Mainland China

Innovation

Company Visit Hong Kong

Communication in a Diverse Work Environment

Virtual Business Retailing Competition

Business Sustainability

Dialogue with the CEO

Student Presentation

All participants who complete the course will be awarded with a Certificate of Attainment.

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