Hong Kong Food, Beverage & Tobacco Potentially Undervalued Companies

Tibet Water Resources Ltd., an investment holding company, manufactures and sells a range of water products in the People’s Republic of China.

Eggriculture Foods Ltd., an investment holding company, engages in the production and sale of fresh chicken eggs and processed egg products primarily in Singapore.

China Greenfresh Group Co., Ltd., an investment holding company, engages in the cultivation and sale of fresh edible fungi products; and manufacture and sale of processed edible fungi products.

Besunyen Holdings Company Limited manufactures and sells therapeutic tea products and medicines in the People's Republic of China.

Jiashili Group Limited, an investment holding company, manufactures and sells biscuits under the Jiashili brand in the People’s Republic of China and internationally.

Changshouhua Food Company Limited, an investment holding company, produces and sells branded and non-branded corn oil primarily in the People’s Republic of China.

Tianyun International Holdings Limited, an investment holding company, produces and sells processed fruit products; and trades fresh fruits in the People’s Republic of China, Hong Kong, and internationally.

China Starch Holdings Limited, an investment holding company, manufactures and sells cornstarch, lysine, starch-based sweetener, modified starch, and ancillary corn-based and corn-refined products in the People’s Republic of China.

Vedan International (Holdings) Limited, an investment holding company, produces and sells fermentation-based amino acids, food additive products, biochemical products, and cassava starch based industrial products in Vietnam, the People’s Republic of China, Japan, Taiwan, Europe, and other ASEAN countries.

Shenguan Holdings (Group) Limited, an investment holding company, engages in the manufacture and sale of edible collagen sausage casing products primarily in the People’s Republic of China.

Natural Food International Holding Limited, an investment holding company, manufactures and sells natural health food products in the People’s Republic of China.

DaChan Food (Asia) Limited, an investment holding company, manufactures and trades in livestock feeds, poultry and chilled meats, and processed foods.

China Tontine Wines Group Limited, an investment holding company, produces and sells grape wine products.

Honworld Group Limited, an investment holding company, manufactures and sells cooking wine and other condiment products under the Lao Heng He brand in the People’s Republic of China.

Asia Cassava Resources Holdings Limited, an investment holding company, engages in the procurement, processing, warehousing, and sale of dried cassava chips in Mainland China, Hong Kong, and Thailand.

China Shengmu Organic Milk Limited, an investment holding company, produces and distributes raw milk and dairy products in the People’s Republic of China.