[8 March 2010, Hong Kong] BaWang International (Group) Holding Limited (“Bawang Group” or the “Company”, HKEx Stock Code: 01338), a leading enterprise in Chinese herbal shampoo market in the PRC, announced that Bawang Group has been selected as a constituent of Hang Seng Composite Index (HSCI), effective 8 March 2010.
Among the constituents of HSCI, Bawang Group has got in the Consumer Goods and MidCap categories.
Mr. Chen Qiyuan, Chairman of Bawang Group said, “We are honored that Bawang Group has been selected as one of the HSCI’s constituent stocks. The inclusion will not only further enhance our reputation and corporate image in the international capital market, but also help investors to better assess the Group’s future potential.”
“Being the leader of branded Chinese herbal HPC products, the Company will further increase our R&D efforts to expedite the development of Chinese herbal HPC products. Leveraging our new and high technology, we will make use of the advantages and specialty in traditional Chinese herbs to develop advanced and competitive products,so as to further enhance the competitiveness of Chinese herbal HPC products internationally and accelerate the pace of industrialisation and internationalisation of Chinese herbal products. After the launch of ‘Herborn’ branded Chinese herbal skincare product and professional high-end hair-care product line - ‘Bawang Men’s Series’, the Group will continue to apply Chinese traditional herbs in consumer products, and inherit the essence of traditional Chinese herbal medicine going forward. We will continue to extend our product lines and implement multi-product and multi-brand strategies, aiming to become a global leader of branded Chinese herbal HPC products.” Mr. Chen added.
The Hang Seng Composite Index Series ("HSCI Series") includes Hang Seng Composite Index, Hang Seng Composite Industry Index and Hang Seng Composite Size Index. HSCI Series covers about 95% of the total market capitalisation of all stocks listed on the Main Board of the Stock Exchange of Hong Kong ("SEHK"). It is divided into Geographical Indexes and Industry Indexes, and aims to provide a comprehensive benchmark of the performance of stocks listed on the SEHK. After the yearly update, there are 309 companies selected in the series.
