NEW YORK, Dec. 10 /Xinhua-PRNewswire-FirstCall/ -- China YCT International Group, Inc. (OTC Bulletin Board: CYIG; hereinafter the "Company") announced today that Shandong Yongchuntang Biology Technology Co. Ltd. ("Shandong YCT"), the Company's wholly-owned operating subsidiary in Shandong Province, China, has been awarded the honor of China's "Top 100 Enterprises" in the bioengineering and new pharmaceuticals sector. The award was conferred by the Small- and Medium-sized Enterprises Research Center (SMERC) of the State Development and Planning Commission (SDPC), the country's premier research institution and think tank on small- and medium-sized enterprises. The rigorous selection process for the nation's "Top 100 Enterprises by Industry" began a year ago, with final winners for over 50 industrial sectors chosen from over 10,000 enterprises nationwide. Major indicators used in the selection included sales revenue in the most recent three years, production scale and capacity, actual output, and tax contribution.
The Company also announced on the same day that Shandong Yongchuntang Biology Technology Co. Ltd. has been selected as a National "Torch Plan" Key High-Tech Enterprise. Established in 1989 and administered through the Ministry of Science and Technology, the "Torch Plan" is China's premier central government-sponsored high-tech promotion program with a mandate to promote the industrialization, commercialization and internationalization of advanced technologies throughout the country. Shandong Yongchuntang Biology Technology Co. Ltd. is the first high-tech enterprise from Sishui County to be included in the plan.
"Our selection as a leading enterprise in the highly competitive
bioengineering and new pharmaceuticals field, as well as our inclusion in
the National 'Torch Plan', once again attest to the strengths and
capabilities of our company. These two honors represent an important
milestone in our persistent pursuit of developing the highe
|SOURCE China YCT International Group, Inc.|
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