GLG Announces Anoc Joint Venture Progress

The license will allow Anoc to operate its business nationally which facilitates the targeted product rollout in key cities throughout China in comparison to a more time consuming approach applying for regionally registered companies.

1/26/2011 --- GLG Life Tech Corporation, the vertically-integrated leader in the agricultural and commercial development of high quality stevia, announces a progress update on its China consumer products joint venture Anoc.

The registration for the Anoc China operation has now been completed.  “Anoc Anhui” has now been formally registered and has received a national business license for its business activities that include research and development, production, marketing and sales. The license will allow Anoc to operate its business nationally which facilitates the targeted product rollout in key cities throughout China in comparison to a more time consuming approach applying for regionally registered companies. In addition to this important milestone in the company’s start-up phase, the company is also announcing the formal appointment of six senior executives with Anoc China.  The senior executive team will be based in Shanghai.

GLG Chairman and CEO Dr. Luke Zhang stated, “This is the first important milestone to get Anoc officially operational in China and to facilitate our Anoc product launch in 2011 and I am pleased to report the transfer of some of the senior team from our joint venture partner, China Agriculture and Healthy Foods Company Limited (“CAHFC”) is now complete as well as the recent recruitment of additional executives into Anoc to formally commence our operations. I believe the senior executive team that we have recruited from leading food and beverage companies brings a wealth of knowledge and experience that will be a key factor in our future success. I am very excited to be working with such a high caliber team of senior executives.”