The full name of Shuanghui International is Shuanghui International Holdings Co., Ltd., located in Hong Kong. It is mainly engaged in investment, international trade and diversified businesses. It is the controlling shareholder of Shuanghui Development (000895), China's largest meat processing company and China's largest listed meat company, and the controlling shareholder of Shuanghui Group, the largest shareholder of Shuanghui Development. In 2012, Shuanghui Development, a company controlled by Shuanghui International, produced 310,000 pigs, slaughtered 11.42 million pigs, and produced a total meat output of 2.7 million tons. It achieved sales revenue of 39.3 billion yuan and a total profit of 3.8 billion yuan.

The main shareholders of Shuanghui International are: Heroic Zone Investments Limited (Xiongyu Company), CDH, Runfeng Investment, Guo Group, Yunchang Company, Goldman Sachs Strategic Investment, Focus Chevalier Investment Company Limited (New World ), Blue Air Holdings Limited (New Horizon), Temasek. Founded in 1936, Smithfield Foods is a global food company with operations in 12 countries around the world. The company's previously announced financial report for fiscal year 2012 showed that net profit reached US$361.3 million, and diluted earnings per share were US$2.21; sales reached US$13.1 billion, an increase of 7%. In fiscal 2011, Smithfield Foods had net income of $521 million, or $3.12 per diluted share. Smithfield is the world's largest pig producer, raising 850,000 sows and producing nearly 16 million commercial pigs annually.

Smithfield is the world's largest pork producer. Its production and sales are far ahead of other competitors in the United States. Its daily slaughtering capacity can reach 110,000 pigs. It is the number one pork export supplier in the United States. Smithfield is also the largest supplier of pork products in the United States: it ranks first in retail channels and catering industry channels in the United States. It owns more than a dozen leading American brands, and many products rank first in the market.

Smithfield has an industry-leading food safety system, a world-class biosecurity system and scientific records, quality control throughout the supply chain, and excellent product tracking capabilities. Product source information can be traced back to the pig farm. Ranked second in the food field in Fortune magazine's annual ranking of the world's most respected companies. Smithfield currently has two pork production bases that are completely free of "clenbuterol", mainly for export to the EU, Russia, China and other markets. Since June 2013, Smithfield has achieved 50% of the feed without adding ractopamine. Shuanghui International

Mr. Wan Long, Chairman of Shuanghui International, said: "We are very happy to reach this agreement. This is a historic moment for Shuanghui International and Smithfield. This is the world's two largest economies in China and the United States. The combination of the largest pork companies brings together the most advanced technology, resources, technology and talents, and complements each other's strengths to form the world's largest pork company, providing high-quality and safe meat protein to the world. After the merger, Shuanghui International promises to maintain its commitment. Smithfield's operations, management, brand, and headquarters remain unchanged. It promises not to lay off employees or close factories, and will continue to cooperate with American manufacturers, suppliers, and farmers across the United States. Continue to enjoy Smithfield’s high-quality and safe pork products. After the transaction is completed, Shuanghui International will adhere to its long-term development strategy, focus on developing high-quality, safe and efficient meat industry, and create world-class meat through its global resource layout. Class enterprise aircraft carrier. At the same time, we will continue Smithfield’s established strategy, maintain its excellent brand and advanced management concepts, and work with it to complete its commitment to social responsibility and practice of environmental protection.”

Smithfield.

So commented Smithfield CEO Larry Pope. "This transaction is significant for all Smithfield shareholders, along with American farmers and American agriculture. Smithfield is the world's leading and most trusted vertically integrated hog farming and processing company, and we are very pleased that Shuanghui International recognizes our perfect We believe Smithfield's business operations in the United States and other parts of the world will only get better. Nothing will change. We will become part of a business that shares our confidence in global opportunities and our commitment to the highest standards of product safety and quality. We will share each other's expertise and the best in both worlds. With a leadership position in the important pork consumption market, as part of Shuanghui, we look forward to accelerating our global expansion strategy.

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