We advertise our products through various forms of media, including billboards alongside highways. We now have our own business website at the domain name www.yanglin.com.cn .
In addition, our marketing team develops and maintains a unified and distinctive image throughout all of our corporate publicity materials, including our corporate billboard advertisements, media publicity and corporate branding.
www.yanglin.com.cn Current Products Soybean Oil
Concentrated Soy Protein
Low-temperature soy meal
Soybean Oil and Soybean Salad Oil
Soybean oil is obtained by the extraction of oil from soybean seeds. Soybean oil contains various vitamins, minerals and unsaturated fatty acids which are essential to the well-being of the human body. It is an important ingredient in products such as salad dressings, margarine, paint and medicines. The price, adaptability and performance of soybean oil make it appropriate for a broad range of food, chemical and medical manufacturing applications. Soybean oil refers to Grade IV oil, as compared to the more refined salad oil. Both oils are for human consumption.
Soybean meal is manufactured by grinding soybean flakes which remain after removal of most of the oil from soybeans by a solvent or mechanical extraction process. Soybean meal is an important raw material used in the animal feed and farming industry due to its high protein content and edible characteristics. Given the PRC's closer proximity to customers in Asia, there is a growing demand for PRC produced soybean meal from countries such as Korea and Japan. This in turn has led to an increase in demand for our soybean meal products.
Concentrated Soy protein
Soy protein, protein extracted from the soybean, has been used since 1959 in foods and for its functional properties. Concentrated soy protein, as one of the three kinds of proteins, contains 70% soy protein. It retains most of the fiber of the original soybean and is widely used as functional or nutritional ingredient in a wide variety of food products, mainly in baked foods, breakfast cereals, and in some meat products. Because soy protein concentrates are available in different forms and very digestible, they are well-suited for children, pregnant and lactating women, and the elderly. They are also used in pet foods, milk replacements for babies (human and livestock), and even used for some non-food applications. Recently, soy protein popularity has increased due to its use in health food products, and many countries allow health claims for foods that are rich in soy protein. ACCOUNTANT
ALBERT WONG & CO.
CERTIFIED PUBLIC ACCOUNTANTS
7th Floor, Nan Dao Commercial Building
359-361 Queen's Road Central
Tel : 2851 7954
Fax: 2545 4086
| ALBERT WONG & CO. || |
| || |
| CERTIFIED PUBLIC ACCOUNTANTS || |
| 7th Floor, Nan Dao Commercial Building || |
| 359-361 Queen’s Road Central || |
| Hong Kong || |
| Tel : 2851 7954 || |
| Fax: 2545 4086 || |
| || |
| ALBERT WONG || |
| || |
| B.Soc., Sc., ACA., LL.B., C.P.A.(Practising) || |
To: The board of directors and stockholders of
Yanglin Soybean Inc. (“the Company”)
Report of Independent Registered Public Accounting Firm
We have audited the accompanying consolidated balance sheets of Yanglin Soybean Inc. and subsidiaries as of December 31, 2012 and 2011 and the related consolidated statements of income, stockholders' equity and cash flows for the year then ended. These consolidated financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these consolidated financial statements based on our audit.
We conducted our audit in accordance with standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
We were not engaged to examine management’s assertion about the effectiveness of the Company’s internal control over financial reporting as of December 31, 2012 included in the Company’s Item 9A “Controls and Procedures” in the Annual Report on Form 10-K and, accordingly, we do not express an opinion thereon.
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the consolidated financial position of Yanglin Soybean Inc. as of December 31, 2012 and 2011 and the results of its operations and its cash flows for the year then ended in conformity with accounting principles generally accepted in the United States of America.
| Hong Kong, China || Albert Wong & Co. |
| April 15, 2013 || Certified Public Accountants |