SOX News

Zhongpin Engages Consultants to Assist with Sarbanes-Oxley Compliance Effort

(May 20, 2008)-- Zhongpin, a  meat and food processing company in the People's Republic of China announced that it has entered into a letter of engagement with Horwath Risk Advisory Services Limited, a member of Horwath International, and Beijing Richen Consultants to assist the Company in reaching compliance with Section 404 of the Sarbanes-Oxley Act of 2002 ("SOX 404").

Horwath and Beijing Richen have worked with Zhongpin since June 2006, following the completion of Zhongpin's reverse merger and listing on the Over-the-Counter Bulletin Board. Since that time, Horwath and Beijing Richen have assisted Zhongpin in establishing internal controls in accordance with SOX 404 requirements. This new engagement is a continuation of the consulting and advisory services that have been provided to Zhongpin over the last two years.

Pursuant to the new letter of engagement, Horwath and Beijing Richen will update the internal control records of Zhongpin's existing factories and create internal control records for the Company's newly constructed factories. In addition, the consultants will assist Zhongpin in documenting and testing its internal controls and will provide recommendations for the remediation of any material weaknesses identified. As a part of the service package, the consultants will also provide the Company with advice in relation to the management's internal control evaluations in Zhongpin's annual report filed on Form 10-K for the fiscal year ending December 31, 2008.

"We look forward to continue working with our consultants in reaching full compliance with SOX 404 by the end of the year," commented by Mr. Xianfu Zhu, Chairman and CEO of Zhongpin. "As a public company listed on the Nasdaq Global Select Market, Zhongpin should have strong internal controls in place, which will instill confidence in our shareholders regarding the quality of our financial reporting and disclosure, and keep Zhongpin on track to achieve our profitability goals and strategic mission."

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