On December 10, a press conference for the hi-tech soybean foodstuff product, VV ¡°Soy joy¡± fruit-type soybean nutrition bar, of VV Food and Beverage Co., Ltd in collaboration with Japanese Otsuka Pharmaceutical Company was held in Hengtianchao Hotel in Xuzhou. Present at the press conference were various media of Xuzhou city, representatives of VV Group¡¯s franchisers, heads of the research and development center, enterprise resource planning center and choice product department of our group as well as representatives from Japan. The conference disclosed in detail the type, feature, nutrition element, marketing plan of the product.
The ¡°Soy joy¡± fruit-type soybean nutrition bar of VV Group, by making full use of the soybean cotyledon, adopts soybean powder as the staple raw material accompanied by a certain amount of dry fruits. Taking advantage of a special baking process, it is a new form of healthy soybean products. The product contains abundant soy protein, soy isoflavone, soy lecithin and edible fibers. Added with a large percentage of fruit elements, the product is made sweet and delicious. The product package is small in size, original in design, convenient to take along and fashionable. It is advanced in the international market and first in the domestic market. It is in particular suitable for groups who have a quick working rhythm and go traveling and sightseeing and people who take care of their health. After it was launched into the Japanese market, it was showered with praises, with a very bright prospect. It was commented as a product on hot sale rarely seen in the Japanese dessert market in recent years. The product will be first launched in Xuzhou and then marketed to Beijing, Shanghai, Shenzhen, Wuhan, etc. It is estimated that the product will be launched in the American market in January, 2007.
2006.12
On December 10, VV Business School set up in collaboration with the Management School of China University of Mining & Technology undertook the inauguration ceremony in the group¡¯s Ten-thousand-Cow-Ranch Training Center. The school was set up by VV Group for the purpose of enhancing workers¡¯ quality and skill, training and cultivating talent reserve and strengthening the cohesion and operation ability of the company. Senior professors such as Wei Zhiwen and Nie Rui were invited to give lectures. The school will have a far-reaching impact on VV Group¡¯s development.
2006.11
On November 2, CQM sent a team to appraise for the first stage the HACCP product safety situation of Yinchuan VV Beita Dairy. After two days¡¯ appraisal over the hardware, work-site and documentation of the company, the appraisal team fully affirmed our company¡¯s recent work revolving around the HACCP system and Yinchuan VV Beita Dairy passed the first-stage appraisal smoothly.
2006.11
At the time when the 2006 National Food Safety Year and National Quality Month activities were held nationwide, VV Group¡¯s Luzhou Base in Sichuan Province was awarded the title of ¡°Enterprise of AAA-Level Credit in Quality¡± by the Quality and Technology Supervision Bureau of Sichuan Province after it was awarded the honor of ¡°Advanced Enterprise in Quality Management of Sichuan Province¡± in 2005. On October 16, the base designated a representative to participate in the awarding ceremony in Chengdu, the provincial capital. This title laid a sound foundation for VV soy bean milk powder, a key product of our group, to forge a good reputation in the southwest China.
2006.11
In the period of November 1-2, the 3rd North Jiangsu Area Investment and Trade Conference with the theme of ¡°Strengthening Regional Cooperation and Promoting Construction of Development Zones¡± was held in Lianyungang International Exhibition Center. The deputy provincial governor Qiu He participated and addressed the opening ceremony. Also present in the ceremony were relevant officials from 13 cities directly under the provincial government and more than 2,500 domestic and overseas businessmen.
After receiving the exhibition task, our headquarters took an active part in coordinating and communicating with relevant governmental departments and sales personnel of Xuzhou and Lianyungang subsidiaries for the best effect of the exhibition. As a result, the grandeur and magnificence of VV Group¡¯s Image Displaying Zone were affirmed and appraised by all participating provincial leaders and guests.
2006.11
On the other day, under supervision and assessment of the leaders and experts from the provincial state-owned asset supervision and administration commission and the provincial state-owned asset exchange center, VV Group reached an agreement with Jiangshu Shuanggou Distillery Stock Co., Ltd to buy 38.27% of the latter¡¯s equity opened to the public. On November 14, VV Group successfully controlled Shuanggou Distillery and became a VIP who strives to revitalize Jiangsu¡¯s distillery industry.
As a century-old famous enterprise and a large-scale state-owned enterprise in the distillery industry, the reform and development of Jiangsu Shuanggou Distillery Stock Co., Ltd was not only the focus of the province, but also a hot topic in the national distillery industry. In March and April of this year, the company entered into the stage of asset assessment and public transfer solicitation. Afterwards, under uniform arrangement of the municipal party commission and government of Suqian, the reform was directly operated by the municipal reform leading group. In the principle of ¡°Active Implementation and Steady Advancement¡±, the reform plan was carried through in the workers¡¯ representative conference of the company with a majority vote for it after it had been approved by the People¡¯s Government of Suqian city. This equity transfer was highly characteristic of governmental acceptance, the people¡¯s satisfaction, openness and transparency and legitimate procedures. After comprehensive assessment, VV Group was finally determined as the transferee of this equity transfer, with the transfer price of 80 million yuan. With this equity transfer, VV Group became the holding company of Jiangsu Shuanggou Distillery Stock Co., Ltd.
Shouggou Distillery¡¯s production value was 518 million yuan in 2005, while its sales income was 900 million yuan in the same year, realizing a annual profit of 260 million yuan. It was a mainstay industry and major source of financial revenues of Suqian city. It has boosted development of relevant industries and innovation of industrial technologies. Through this merger between two strong enterprises, the company will be able to integrate its resources and create new development models, which laid a solid foundation for rapid development of both sides.
2006.10
On October 19, the 9th Xuzhou Investment Conference and Peng Zu Culture International Tourism Festival Comprehensive Investment Conference were held in Kaiyuan Mingdu Hotel in Xuzhou of Jiangsu province. During the conferences, hundreds of domestic and foreign guests from all over the world paid a visit to the 3rd production base of VV Group. All of them thought highly of the modern production workshops and advanced soy bean milk quick-dissolving equipment and processes and showered praises on such products as VV soy bean milk and Tianshan Snow Milk of the group.
2006.10
A few days ago, China National Association of Grain Sector awarded 22 enterprises with the title of ¡°Excellent Experimental Enterprise in the National Credit Construction for the Food Safety of the Grain Sector¡±. Liuchaosong Flour Industry Co., Ltd of VV Group was on the roll of honor.
There are approximately 23,000 grain and oil enterprises of scale in China at present. The 22 enterprises were all selected from enterprises which have got the title of ¡°Famous Brand of China¡± and ¡°National Product Exempted from Quality Inspection¡±. There were only 10 flour enterprises among them.
2006.10
On October 31, VV Dairy purchased Ningxia Dongfang Dairy Industry Co., Ltd. It not only expanded the scale of Ningxia VV Dairy but also increased the production line and competitiveness of the company.
2006.9
The News Conference for the 6th Top 500 Chinese Large Enterprise Groups and the 1st Top 500 Chinese Enterprise Groups with Sharpest Competitive Edge sponsored by the Service Industry Investigation Center under the National Bureau of Statistics of China was held in the People¡¯s Great Hall ceremoniously.
The information on the comprehensive forces of Chinese large enterprise groups in 2005 was the latest research result of the Investigation Center of the National Bureau of Statistics of China after making a cross-industry, all-round and multi-index investigation into the status-quo of Chinese enterprise groups by resorting to the internationally practiced advanced statistical method.
With its outstanding achievement, VV Group was ranked at the 271st place among the Top 500 large Chinese enterprise groups (in terms of operating income) and the 147th place among the Top 500 most competitive Chinese enterprises (in terms of competitive force index).
2006.9
According to the statistical analysis on the operating income of the global enterprises run by Chinese or overseas Chinese people conducted by the World Executive Database, VV Group was listed among the World Top 500 Enterprises (2006) run by Chinese or overseas Chinese people with its operating income of 8.51 billion yuan RMB.
2006.6
The Industrial Development Division of the Economic and Trade Commission of Jiangsu provincial government declared the 10 Best Enterprises in the food industry in 2005. VV Group won the first place among the 10 Best Enterprises with highest sales income.
2006.4
Accompanied by leaders of Xuzhou municipal foreign affairs office and Tongshan County government, Mrs. Helen L. Brahim, Counselor of Tanzanian ambassador to China, and Mrs. Fatmalajepu, first-class secretary of the same embassy, paid a visit to VV Group.
2006.3
China Industrial Information Issuing Center held the 10th News Conference for National Commodity Sales Volume Information in the People¡¯s Great Hall. VV-brand soybean milk powder remained No. 1 among its types in terms of sales volume for the ten consecutive years from 1996 to 2005 and won the Glory Cup award.
