Packaging

Zhongpin Announces Sichuan Earthquake Damage to Local Facility

Wednesday 14. May 2008 - Zhongpin Inc. (NASDAQ:HOGS), a leading meat and food processing company in the People's Republic of China ("PRC"), announced today no loss of life at its production facility in Sichuan Province, as a result of the Sichuan Earthquake, which severely affected Sichuan Province on May 12, 2008.

Zhongpin has a processing facility of 45,000 metric tons annual capacity, accounting for approximately 12.5% of Zhongpin’s total capacity of chilled and frozen pork, located in Cangshan County, Sichuan Province, which is approximately 200 kilometers away from the epicenter of the earthquake. A preliminary evaluation has revealed minor damage to its facilities in Cangshan County.

Following the earthquake, water and electricity supplies were interrupted, but resumed since the morning of May 14, 2008. However, considering the risk of aftershocks and the safety of its employees, Zhongpin is unable to determine when operations may resume. In light of the circumstances, Zhongpin is considering possibly relocating its Cangshan production to other facilities in central China that were not affected by the earthquake.

“We feel deeply sorry about the loss of life and severe damage to the community of Sichuan Province. We are ready to provide aid to the local victims of the earthquake and to assist in reconstruction efforts,” commented by Mr. Xianfu Zhu, Chairman and Chief Executive Officer of Zhongpin. “During the period that production is suspended, we will continue to pay full salary and social benefits to our employees. We will continue monitoring and evaluating the rapidly changing circumstances and provide any updates on such changes accordingly.”