BEIJING, July 30 /PRNewswire-FirstCall/ -- American Dairy, Inc. (NYSE:ADY) (the "Company"), one of the leading producers and distributors of infant formula, milk powder and soybean and walnut products in China, today announced it has engaged Jones Day as principal outside legal counsel. The Company anticipates that Jones Day will provide American Dairy with legal assistance on securities law matters in the United States, including filings with the Securities and Exchange Commission, as well as on corporate governance and other corporate compliance matters.
Jones Day is a global law firm with offices in 30 centers of business and finance throughout the world. With more than 2,300 lawyers, including more than 400 in Europe and 200 in Asia, it ranks among the world's largest law firms.
Mr. Leng You-Bin, Chairman and Chief Executive Officer of American Dairy stated, "We look forward to working with Jones Day to continually refine our corporate governance practices. Jones Day's international experience, and its significant presence in China, will provide ongoing support as we continue to improve our accounting and finance infrastructure to be a fully compliant U.S. listed company, and as we seek to further grow the Company." About American Dairy, Inc.
American Dairy, Inc. conducts operations in The People's Republic of China ("China") through its wholly owned subsidiary, Feihe Dairy. Founded in 1962, Feihe Dairy is one of the leading producers and distributors of infant formula, milk powder and soybean and walnut products in China. Feihe Dairy is headquartered in Beijing, China, and has processing and distribution facilities in Kedong, Qiqihaer, Baiquan, Gannan, Shanxi, and Langfang. http://www.americandairyinc.com/ / http://www.feihe.com/ Certain of the statements made herein constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements typically involve risks and uncertainties and may include financial projections or information regarding our future plans, objectives or performance. Actual results could differ materially from the expectations reflected in such forward-looking statements as a result of a variety of factors, including the risks associated with the effect of changing economic conditions in The People's Republic of China, variations in cash flow, reliance on collaborative retail partners and on new product development, variations in new product development, risks associated with rapid technological change, and the potential of introduced or undetected flaws and defects in products, and other risk factors detailed in reports filed with the Securities and Exchange Commission from time to time.
CONTACT
In the U.S. ICR, Inc. Ashley M. Ammon
203 682 8208
DATASOURCE: American Dairy, Inc.
CONTACT: In the U.S., Ashley M. Ammon of ICR, Inc., +1-203-682-8208, for American Dairy, Inc.
Web site: http://www.americandairyinc.com/ http://www.feihe.com/
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