SOURCE: Yasheng Group
October 06, 2010 08:00 ET
Yasheng Group Issues Open Business Letter to Shareholders
REDWOOD CITY, CA--(Marketwire - October 6, 2010) - Yasheng Group (OTCQB: YHGG), a high-growth diversified China-based agricultural company with headquarters in California, today announced an open business update letter from its Founder, Chairman, & CEO, Zhou Cheng Sheng, to shareholders:
To Our Employees, Shareholders, and Business Partners,
It is with tremendous pride that I write this letter to you to update you on the important activities and developments at our company. Now in its 40th year, the Yasheng Group is poised to enter a new phase of growth and expansion. We are excited about our future and hope that you share our enthusiasm.
Over the past five years, Yasheng Group has made great strides by executing our strategic plan that focuses on corporate expansion and innovation, enabling us to deliver superior results and profitable growth. We will build on our solid foundation to fuel future growth as we strive to achieve the highest international standards in corporate practices and governance.
Our company has continued to expand its access to land resources and use of modern agricultural technologies. We have implemented key projects that will generate significant rewards over the next five years. Within our product R&D departments, we are implementing projects such as the production of deep processed potato, fruit and vegetable concentrate products for food processors and retail consumers, to expand our high-tech processing abilities to deliver products that efficiently meet the demands of an emerging Chinese consumer in a challenging global economy. Yasheng has fed China and the world for four decades and we will continue to do so by playing an increasingly important role in the global food industry.
Given our company's access to land and natural resources in China, we will continue to expand industrial farms in an environmentally-responsible manner. We continually upgrade our operations to insure that we are using the most modern cultivation technologies available and that our infrastructure is both efficient and sustainable in meeting demands of our consumers for "Green Food and Organic Policies." Our growing regions, situated in the northwest region of China, provide us with a key advantage in the cultivation of high-end products in a clean environment, without the need for artificial elements or unnatural ingredients typically used in the cultivation process. We will continue to meet any and all standards or certifications required for food safety, quality, and global sustainability.
Yasheng Group has established itself as a company that strives for the highest standards in technology, management, corporate governance, and financial performance, insisting on Total Quality Management and excellence in everything we do. I continue to demand strict adherence to these values as the company's founder, Chairman, and CEO and welcome your input on our company's progress.
Our company's foundation has been built upon Agriculture, Biotechnology, and Chemicals and we will continue to develop those segments that relate to our core cultivating and producing commodities. During the next five years, GanSu Yasheng Group will continue to focus on developing the Agriculture, Biotechnology, and Chemicals Industries while our U.S.-listed "YHGG" will focus on Agriculture within the food, agribusiness, and eco-friendly by-products markets.
We intend to focus our energies on building the "Yasheng" name as a global leader in quality, consistency, safety, and value. In addition, we intend to list our common shares on a more senior exchange as soon as we meet the necessary requirements. Such a listing would serve to increase investor awareness and interest in our company. Yasheng Group has undertaken major public relations and branding programs to generate awareness of our company as well as to build awareness of our status as a publicly-traded company. We have retained the New York-based Makovsky + Company, a public relations and investor relations firm, to assist us with these efforts as part of the company's larger plan to bring more public awareness to Yasheng Group.
During this exciting time we would like to thank you for sharing our vision. Should you wish to be kept abreast of our progress, please feel free to send your contact details to IR@Yashenggroup.com and we will add you to our list to receive announcements on our company. Your continued support is greatly appreciated.
A vital part of our company's success has been our community of leaders and loyal shareholders, the key element in Yasheng Group's bright future.
Honorable partnerships have only returned plentiful harvests for all!
Chairman and Founder
Zhou Cheng Sheng
Yasheng Group (OTCQB: YHGG) (www.yashenggroup.com), founded over 30 years ago, is a U.S. holding company that conducts primarily agricultural operations in the Northwest of China. Today it is one of China's leading producers and marketers with six major product segments including field crops, vegetables, fruit, specialty crops, hops, hemp, seeds, beef and poultry. Yasheng is a supplier of high-quality agricultural products to world-famous conglomerates such as McDonald's, KFC, Tsingtao Beer, and Pepsi. The company is led by a highly qualified management team and it has total assets of approximately $1.7 billion, over 15,000 employees, and a history of strong record of sales and earnings growth.
Safe Harbor Statement
Except for the historical information contained herein, certain matters discussed in this press release are forward-looking statements which involve risks and uncertainties. These forward-looking statements are based on expectations and assumptions as of the date of this press release and are subject to numerous risks and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties are discussed in the Company's various filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements.