Zhongpin Buys Back 460,600 Shares in Open Market

Zhongpin Inc. HOGS today announced that it repurchased 460,600 shares of its common stock since August 9, 2011 under the Company's stock repurchase program announced on July 6, 2011, using internally available cash. Mr. Xianfu Zhu, Chairman and Chief Executive Officer of Zhongpin Inc., said, "We are pleased to report that we have started to execute our stock repurchase program as promised. We are fully committed to creating long-term value for shareholders, primarily through our pork and food operations and, occasionally, through repurchases of our shares in the market, subject to the approval of our board of directors. Thanks to our strong cash position, we are confident that we can both execute this stock repurchase program and invest in our future growth in a timely manner." Zhongpin's board of directors will periodically review the share repurchase program and may authorize adjustments to the program's terms and size. The board may also suspend or discontinue the repurchase program at any time. Under the stock repurchase program, Zhongpin is authorized to repurchase up to $10 million of its issued and outstanding common shares, from time to time, in open-market transactions on Nasdaq at prevailing market prices, in negotiated transactions off the market, in block trades, in trades pursuant to a Rule 10b5-1 repurchase plan that allows Zhongpin to repurchase its shares during periods in which it may be in possession of material non-public information, or otherwise, in accordance with applicable federal securities laws, including Rule 10b-18.