CHANGGE and BEIJING, China, Feb. 8 /PRNewswire-Asia-FirstCall/ -- Zhongpin Inc. ("Zhongpin", Nasdaq: HOGS), a leading meat and food processing company in the People's Republic of China, today reported smooth production at its new Tianjin plant for chilled and frozen pork and expects higher market prices. The higher prices are consistent with the rise in demand for chilled and frozen pork as China approaches the start of the Chinese New Year on February 14. China's Spring Festival then will continue for two weeks of celebration, ending this year on February 28. As families and friends gather over these two weeks, demand for pork, China's favorite protein food, is traditionally at its annual peak. Zhongpin's new chilled and frozen pork plant in Tianjin, which opened on January 20, is producing and operating smoothly. The plant's opening was timed to capture the peak holiday demand for pork products during the Chinese New Year and Spring Festival. The new plant's production capacity is 100,000 metric tons each year, of which 70 percent will be chilled pork and 30 percent will be frozen pork. With this addition, Zhongpin has an annual production capacity of 541,760 metric tons for chilled and frozen pork. On January 21, 2010, China's National Bureau of Statistics reported that China's GDP grew 8.7 percent in the year 2009 and 10.7 percent in the fourth quarter of 2009. China's Center for Forecasting Science at the Chinese Academy of Sciences reported last week that it expects China's GDP to grow 11 percent in the first quarter 2010 and around 10 percent for the year 2010. This continuing economic expansion is the foundation of Zhongpin's growth, since higher GDP generally results in more jobs, higher income, and greater affordability for pork products. Hog and pork prices have been trending upward over the last two weeks, and we expect this is the turning point of the hog and pork prices in year 2010. Considering all factors, the outlook for Zhongpin continues to be very encouraging for higher sales, profits, cash flow, and return on assets. About Zhongpin Zhongpin Inc. is a meat and food processing company that specializes in pork and pork products, fruits, and vegetables in China. Its distribution network in the China covers 20 provinces plus Beijing, Shanghai, Tianjin, and Chongqing and includes more than 3,000 retail outlets. Zhongpin's export markets include the European Union and Southeast Asia. For more information about Zhongpin, please visit Zhongpin's website at http://www.zpfood.com/ . Safe harbor statement Certain statements in this news release are forward-looking statements made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Zhongpin has based its forward-looking statements largely on its current expectations and projections about future events and trends that it believes may affect its business strategy, results of operations, financial condition, and financing needs. These projections involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, which may include, but are not limited to, such factors as downturns in the Chinese economy, unanticipated changes in product demand, any effect from the A(H1N1) virus on Zhongpin's market or sales, interruptions in the supply of live pigs and or raw pork, poor performance of the retail distribution network, delivery delays, freezer facility malfunctions, Zhongpin's ability to build and commence new production facilities according to intended timelines, the ability to prepare Zhongpin for growth, the ability to predict Zhongpin's future financial performance and financing ability, changes in regulations, and other risks detailed in Zhongpin's filings with the United States Securities and Exchange Commission. You are urged to consider these factors carefully in evaluating Zhongpin's forward-looking statements and are cautioned not to place undue reliance on those forward-looking statements, which are qualified in their entirety by this cautionary statement. All information provided in this news release is as of the date of this release. Zhongpin does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required by law. For more information, please contact: Zhongpin Inc. Mr. Sterling Song (English and Chinese) Investor Relations Manager Tel: +86-10-8286-1788 x101 in Beijing Email: Mr. Warren (Feng) Wang (English and Chinese) Chief Financial Officer Tel: +86-10-8286-1788 x104 in Beijing Email: Christensen Mr. Yuanyuan Chen (English and Chinese) Tel: +86-10-5971-2001 in Beijing Mobile: +86-139-2337-7882 in Beijing Email: Mr. Tom Myers (English) Mobile: +86-139-1141-3520 in Beijing Email: Ms. Kathy Li (English and Chinese) Tel: +1-212-618-1978 Email: DATASOURCE: Zhongpin Inc. CONTACT: Mr. Sterling Song (English and Chinese), Investor Relations Manager, +86-10-8286-1788 x101 in Beijing, , or Mr. Warren (Feng) Wang (English and Chinese), Chief Financial Officer, +86-10-8286-1788 x104 in Beijing, , both of Zhongpin Inc.; or Mr. Yuanyuan Chen (English and Chinese), phone +86-10-5971-2001 in Beijing, Mobile +86-139-2337-7882 in Beijing, , or Mr. Tom Myers (English), Mobile +86-139-1141-3520 in Beijing, , or Ms. Kathy Li (English and Chinese), +1-212-618-1978 in the USA, , all of Christensen Web site: http://www.zpfood.com/

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