National Yeast Pilot Base project started construction, birth of Angel Yeast.

Finished expansion of the first yeast plant, production capacity was doubled to reach 4000 tons.

Hubei Angel Biotechnology Group Ltd. was established.

Angel Yeast Co., Ltd was listed on the Shanghai Stock Exchange. Export Dept was established to develop the international market.

Baking & Chinese Dim Sum Technical Center was established.

Yeast Extract Dept & Animal Nutrition Dept was established.

Microbial Nutrition Dept was established.

Brewing & Biofuels Dept was established.

Yeast plant in Beni Suef, Egypt started production; Special Enzymes Dept was established.

Yeast plant in Dankov, Russia started production.

Yeast extract line in Egypt started production.

New R&D building was put into use. Operating revenue exceeded 10 billion yuan for the first time

Key projects such as AngelBiotechnology Industrial Parkand Angel Health Food Industrial Park were completed andput into operation.

Establishment of subsidiaries in Algeria and Brazil, and comple-tion of the overseas yeast product expansion.

The Baiyang Biotechnology Park of Angel Yeast in Yichang High-Tech Zone has been fully completed and officially commenced production.