Deyu Agriculture Corp. Promotes Acting CFO
BEIJING, May 30, 2012 /PRNewswire-Asia-FirstCall/ -- Deyu Agriculture Corp. (DEYU.PK) (the "Company"), a Beijing, China based vertically integrated producer, processor, marketer and distributor of organic and other agricultural products made from corn and grains, today announced that it has promoted Ms. Amy He from Acting Chief Financial Officer to Chief Financial Officer of the Company.
Ms. He has served as Deyu's Acting CFO since February 2012. She previously served as the Company's Financial Controller in 2011.
"We are very pleased that Ms. He will continue to be a part of our management team," said Mr. Jianming Hao, Deyu's Chairman and Chief Executive Officer. "She has considerable experience in financial management, strategic planning, operations and manufacturing, and we are confident that her background and skill set will continue to significantly benefit Deyu and our shareholders as we further implement our growth strategies."
Ms. He previously served as an audit manager for Deloitte Touche Tohmatsu CPA Ltd. in China from July 2005 through September 2011. At Deloitte, she served multinational corporations and Chinese corporate clients, including private companies and public listed companies in the United States. Ms. He earned a Masters Degree in Management from the Chinese Academy of Sciences and a Bachelors Degree in Accounting from Tsinghua University in China. She is qualified as a Certified Public Accountant in China and a Certified General Accountant in Canada.
"Deyu has many exciting opportunities ahead as it addresses the rising demand for natural, green and organic foods in China," commented Ms. He. "I look forward to continue leading the Company's finance team and working with our investors as we strive to become a higher value-added grain-based food processing company."
About Deyu Agriculture Corp.
Deyu Agriculture Corp. is a vertically integrated producer, processor, marketer and distributor of organic and other agricultural products made from corn and grains operating in Shanxi Province of the People's Republic of China. The Company has access to over 109,000 acres of farmland in Shanxi Province for breeding, cultivating, processing, warehousing and distributing grain and corn products. Deyu has an extensive wholesale network in over 15 provinces and a retail distribution network of approximately 20,000 supermarkets and convenience stores in 29 provinces across China. Deyu's facilities include advanced production lines and modern warehouses with a total production capacity of over 105,000 tons for grain products, storage capacity of over 100,000 tons and annual turnover of 700,000 tons for corn products. The Company's website is located at www.deyuagri.com.
Safe Harbor Statements
This press release contains forward-looking statements made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward looking statements are based upon the current plans, estimates and projections of Deyu's management and are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in China, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: business conditions in China, general economic conditions; geopolitical events and regulatory changes, availability of capital, changes in the agricultural industry, the Company's ability to maintain its competitive position. Additional Information regarding risks can be found in the Company's quarterly and annual reports filed with the U.S. Securities and Exchange Commission at www.sec.gov.
Mr. Kevin Fickle, President
NUWA Group LLC.
Ms. Amy He, Chief Financial Officer
Deyu Agriculture Corp.
Tel: +86-10-5224-1802 X389
Ms. Cynthia Yang, Assistant to Acting CFO
SOURCE Deyu Agriculture Corp.