Initially the JV company will focus on the production of inactivated poultry vaccines. Later, the product range will expand to live poultry vaccines, tissue culture-based vaccines, and products for swine and other animal species. The company shall cooperate with Chinese Universities and Institutes to develop new products to specifically target local diseases. “The JV company will employ advanced and suitable technology to establish a GMP production facility. The factory will produce first-class products to satisfy the increasing demands for high quality vaccines in China. We expect that the Company will achieve good economic results,” said Willem Kleyn, Vice President of Intervet. Intervet, a business unit of Akzo Nobel, is active in the development, production, marketing and sales of animal health products. It is one of the largest animal health companies in the world offering top-quality products to over 100 countries. Intervet’s product range includes vaccines, pharmaceutical products and feed additives for poultry, swine, cattle, sheep, horses, companion animals and fish. It has about 4,800 employees throughout the world. Shanghai Songjiang Biological Medicines Factory (SBMF) was established in 1976 as a state-owned enterprise. It is one of 28 Chinese animal vaccine manufacturers designated by the Ministry of Agriculture. SBMF, which employs approximately 200 people, manufactures and distributes live poultry vaccines. SMBF is a subsidiary of Shanghai Wufeng Enterprises (Group) Co. Ltd., also a state-owned company. Akzo Nobel, based in the Netherlands, serves customers throughout the world with healthcare products, coatings, and chemicals. Consolidated sales for 1999, excluding Acordis, the former fibers business divested to CVC Capital Partners at the end of 1999, totaled some EUR 12 billion (USD 13 billion, GBP 8 billion). Excluding Acordis, the company employed 68,000 people in 75 countries at the end of 1999. Financial results for the first quarter of 2000 will be announced on April 25, 2000.