Hubei Shennong Ecological Food Co., Ltd

Hubei Shennong Ecological Food Co., Ltd. was a stock company founded in September 2007. China Jing Brand Co., Ltd.�s took the lead, cooperating with Suizhou Zhongxing, and Lianfeng, two mushroom trade companies, to organize and found it. It has 50 million RMB as registered capital, and Jing Brand Co., Ltd., the biggest investor of it, shall loan 81 million to achieve the promise of 100 million�s investment in Suizhou. Then the total amount of starting capital would come to 132 million RMB, making it the strongest and richest leading company in agricultural product processing in Hubei province. Suizhou Zhongxing, and Lianfeng are leading export companies and tax payer, whose total export takes 70% in the sum of all six qualified mushroom companies in the city. They hold Dahongshan and other worldwide famous brands, and their products are popular in world market such as in Europe and Southeast Asia. Hubei Shennong Ecological Food Co., Ltd. will make use of special resources such as mushrooms, edible fungus, ginkgo, and chestnuts to broaden world market, invigorate domestic trade, develop new products, and improve scien-tech degree of products and market competence of the company. A modern product processing and deep processing research base, and later the Suizhou edible mushrooms scien-tech park, is planned to be constructed in Zengdu economical development district. After the project accomplished, edible mushrooms deep processing will be achieved, and new products of mushroom polysaccharide, mushroom capsules, Ginkgo preserved fruit, and chestnuts cans will be put on market. The company aims to achieve 60 million USD of export and 30 million RMB of profit payments and tax in 2008 and develop at least 2 world famous brands, 100 million USD of export and 100 million RMB from domestic market in 2010.