On March 3rd, Guangzhou Baiyun District held the 2009 Economy Development Awarding Conference, and nearly 100 enterprises obtained the awards of nearly RMB5.57 million in the conference. Bawang  International (Group) Holdings Limited. (hereinafter referred to as Bawang  Group) won the listing company prize with the bonus reaching RMB1 million and the Baiyun District Outstanding Tax Payer Prize, and was eye-catching in the conference.

It is introduced, in 2009, Baiyun District, suffering the impact from the international financial crisis, developed the economy in a downward trend with the annual GDP reaching RMB85.307 billion with an increase of 10.8% compared to the same period of last year; and the general budget revenue reaching RMB2.951 billion with an increase of 15.4%, and a lot of enterprises with outstanding contribution in the economic development field came forth. The purpose of the awarding conference is to encourage more enterprises to innovate the conception and forge ahead. It is introduced that capital is the serious bottle neck for the development of many enterprises, and it is one of the sally ports for enterprises to seek financing by listing in the stock market; therefore, Baiyun District has increased the award for the listed company to RMB1 million for encouraging and leading the enterprise to optimize resources allocation, achieve system innovation and accelerate development through the capital market.

The listing company prize of Baiyun District 2009 Economy Development Awarding Conference is the powerful confirmation on the constant development and outstanding achievements of l who insists on the traditional Chinese medicine culture. As the typical enterprise of Chinese herbal daily-chemicals, the “Bawang ” brand and “Royal Wind” brand Chinese herbal shampoo of Bawang  Group have earned excellent response in the market, and the products are also sold well at abroad; and Bawang  Shampoo is entitled as the Well-known Trademark of China. On July 3rd, 2009, Bawang Group successfully listed in the Hong Kong Stock Exchange and walked on the road towards the international class enterprise; in addition, Bawang  is implementing the brand strategy for all-around development, and has gradually promoted Bawang  men’s top professional shampoo and HERBORN herbal skin care products. Bawang  CEO Wan Yuhua expressed, “Bawang  Group will thoroughly exert the advantages and characteristics of traditional Chinese medicine culture, develop and produce hi-tech Chinese herbal products for strengthening competitive force of Chinese herbal daily-chemical products in the international market and accelerate to achieve the target of industrialization and internationalization of Chinese medicine industry.”

Besides, the Awarding Conference set the Outstanding Tax Payer Prize and Famous Brand Strategy Prize. 74 enterprises including Bawang  Group and Guangzhou Baiyun International Airport Co., Ltd. awarded the Outstanding Tax Payer Prize, and 19 enterprises awarded the Famous Brand Strategy Prize.