BEIJING, Feb. 4, 2011 /PRNewswire-Asia/ -- Yongye International, Inc. (Nasdaq: YONG) ("Yongye" or the "Company"), a leading agricultural nutrient company in China, today announced that on January 16, 2011, China Central Television ("CCTV") honored Mr. Baosheng Tong, the Company's Chief Scientist, naming him the "2010 Person of the Year for San Nong". Mr. Tong attended the award ceremony on January 16, 2010. CCTV is the largest nationwide television network in China.
"San Nong" is a government-led rural development initiative in mainland China that encompasses agriculture, rural areas, and rural farmers. In 2009, the PRC central government invested RMB 716 billion and is expected to continue to significantly increase its investment in San Nong, which is one of the most important development issues in China.
Mr. Tong is recognized for his contribution in leading Yongye's team in helping Chinese farmers with Yongye's innovative products as well as providing Chinese farmers with village-level technical support utilizing Yongye's over 24,000 branded stores across China. There were a total of 15 award recipients who were honored for their significant contributions to China's agriculture sector, including Mr. Yuan Longping, a Chinese agricultural scientist and educator who is a household name in China and is known as the "The Father of Hybrid Rice" for developing a widely-used hybrid rice species.
"We would like to congratulate to Mr. Tong on receiving this honor, which recognizes his contributions towards the development of China's agriculture sector," stated Mr. Zishen Wu, Chairman and Chief Executive Officer of Yongye International. "This award also demonstrates that our products and business model are playing an increasingly more important role in the Chinese agriculture industry."
About Yongye International
Yongye International is a leading agricultural nutrient company headquartered in Beijing, with its production facilities located in Hohhot, Inner Mongolia, China. Yongye produces and markets two lines of organic nutrient products: a liquid nutrient product which is sprayed on plants and a powder nutrient product which is added to animal feed. Both products are sold under the brand name "Shengmingsu," which means "life essential" in Chinese. The Company's patented technologies and formulas allow it to create products that increase crop yields and improve the health of livestock. The Company sells its products primarily to provincial or regional level distributors, who then channel those products to a carefully selected network of over 24,000 independently owned, Yongye branded stores or directly to rural farmers and government farms in China. For more information, please visit the Company's website at http://www.yongyeintl.com.
Safe Harbor Statement
This press release contains certain statements that may include "forward-looking statements." All statements other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including the risk factors discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on the SEC's website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
CCG Investor Relations
Ms. Kelly Wang
Mr. Athan Dounis
Finance Director – Capital Markets
Ms. Wendy Xuan – Business Associate
Phone: +86-10-8232-8866 x 8827
SOURCE Yongye International, Inc.