Changmao Biochemical Engineering Co Ltd operates in the Industrial organic chemicals sector. Changmao Biochemical Engineering Company Limited (Changmao) is engaged in the production and sale of organic acids in the People's Republic of China. Changmao produces organic acids for sale to food additive, chemical and pharmaceutical industries. The core products of the Company and its subsidiaries are organic acids and their derivatives with four carbons in their structures, including fumaric acid, maleic acid, L-malic acid, D-malic acid, DL-malic acid, L(+)-tartaric acid, D(-)-tartaric acid, DL-tartaric acid, L-aspartic acid and aspartame. These products are mainly used as food additives or medical intermediaries. Most of the Company's products are exported to Western Europe, Australia, the United States and Japan. The Company's subsidiaries include Shanghai Changmao Biochemical Engineering Company Limited and Shanghai Medical Life Science Research Centre Limited. As of December 31, 2009, the Company held a 38.78% interest in Changzhou Lanling Pharmaceutical Production Co., Ltd. In
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