January 3, 2013

Deyu Agriculture's coarse grain processing development in Shanxi approved

China's Shanxi Provincial Development and Reform Commission approved the inclusion of the Coarse Grain Processing Development of Deyu Agriculture's subsidiary, Jinzhong Deyu Agricultural Trading Limited, in the list of its local agricultural products industrial support and agro-processing investment plan.

The Coarse Grains Processing Development strives to generate social and economic benefits in Shanxi Province and complies with the policy of the Shanxi Provincial Government in strengthening the "Three Rural Works," which are works related to agriculture, rural areas, and farmers. The primary goals of the plan are to help develop a large, robust and modernised agricultural industry in Shanxi Province, and to increase the income of farmers in the region.

"Jinzhong's Coarse Grains Processing Project demonstrates Deyu's good standing in Shanxi Province with regards to corporate governance, social responsibility and community engagement," commented Jianming Hao, Chief Executive Officer of Deyu. "We believe that Jinzhong's inclusion will translate into better development opportunities for us through increased public and community support from the region."

Deyu Agriculture Corp. is a vertically integrated agricultural value chain from farmland to consumer market, which produces, processes, markets and distributes organic and other agricultural products made from corn and grains operating in Shanxi Province in China. It has access to over 109,000 acres of farmland in Shanxi Province for breeding, cultivating, processing, warehousing and distributing grain and corn products.