12 June 2009 - Andre Juice and Uni-President are pleased to jointly announce that on 9 June 2009, Andre Juice, Andre Juice BVI, a wholly-owned subsidiary of Andre Juice, and Chengdu President, a wholly-owned subsidiary of Uni-President, entered into the Joint Venture Agreement, pursuant to which the parties agreed to establish the Joint Venture Company in Shandong Province, the PRC to engage in the business of OEM processing and sales of various types of beverages, fruit juice, tea, dairy drinks, mineral water, jelly, flummery, cereal products, fruit puree, soybean milk, PET molding and stretching and other products.
The total investment amount of the Joint Venture Company is RMB200,000,000.
The registered capital of the Joint Venture Company is RMB100,000,000, to which each of Andre Juice, Andre Juice BVI and Chengdu President will contribute RMB25,000,000, RMB25,000,000 and RMB50,000,000, respectively.