In accordance with Anti-dumping Regulations of the People’s Republic of China, Ministry of Commerce of the People’s Republic of China released announcement on Nov 12, 2004, deciding to carry out anti-dumping investigation on food addictive of ribonucleotide (hereinafter referred to as “investigated commodities”) originating from Japan and the Republic of Korea.

In line with investigation, Ministry of Commerce finally verdicts dumping of the investigated commodities, injures the domestic food addictives of ribonucleotide industry, and the existence of causality between dumping of the investigated commodities and the injury of domestic industry.

In accordance with Anti-dumping Regulations of the People’s Republic of China, Tariff Committee of the State Council decides to impose anti-dumping duties on food addictives of ribonucleotide originating from Japan and the Republic of Korea as from May 12, 2006, the tariff codes of which are 29349990 and 38249090 in Import and Export Tariff of the People’s Republic of China.

Rate of Anti-dumping Duties on Different Companies:
Companies in Japan 119%

Companies in Republic of Korea:
Daesang Corporation 25%
All others 119%

The duration of the anti-dumping duties on food addictives of ribonucleotide originating from Japan and the Republic of Korea is 5 years as from May 12, 2006.

Appendix: Ministry of Commerce’s Final Arbitration on Anti-dumping Investigation on Food Addictives of Ribonucleotide Originating from Japan and the Republic of Korea
Ministry of Commerce
May 12, 2006