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Capital Raising Offer to Limited Parties, page-212

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    Couldn't agree more.
    CFDA registration, is a stamp of high quality, is designed to gain Chinese mum's confidence for baby formulas, mainly caused by Sanlu scandal in 2008. As Chinese local brands have been lost substantial market shares, some local companies set up new brands, being manufactured overseas, dubbed as 'geniune foreign brands', but this new regulation changes will eliminate about 3/4 of these brands due to the CFDA registration requirement.

    This CFDA registration should help gain Chinese mum's confidence, and will have signficant impact on Daigou, which is a grey market, should be main stream forever, imo.
 
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