AMERICAN DAIRY, INC. conducts operations in the People's Republic of China ("China") through its wholly owned subsidiary Feihe Dairy. Founded in 1962, Feihe Dairy is one of the leading producers and distributors of milk powder, soybean milk powder, liquid milk and related dairy products in China. Feihe Dairy's 99% owned subsidiary Sanhao Dairy produces and supplies processed milk to Feihe Dairy.
