China Nutrifruit Group (NYSE AMEX:CNGL)

DAQING, China, June 23, 2011 /PRNewswire-Asia-FirstCall/ -- China Nutrifruit Group Limited (NYSE Amex: CNGL) ("China Nutrifruit" or "the Company"), a leading producer of premium specialty fruit based products inChina ("PRC"), today announced that it has filed an application with the Securities and Exchange Commission to withdraw its registration statement on Form S-1, Registration No. 333-171286, for a proposed offering of 73,000,000 units of Taiwan Depositary Receipt (the "TDRs"), representing 7,300,000 shares of the Company's common stock. The Company also withdrew its application for listing the TDRs on the Taiwan Stock Exchange.

"After careful considerations, we have decided not to pursue the TDR listing due to uncertainties in the global capital markets. We believe it is in our shareholders' best interest to withdraw the application given the current market volatility," said Mr. Changjun Yu, Chairman and CEO of China Nutrifruit.

DAQING, China, Dec. 20, 2010 /PRNewswire-Asia-FirstCall/ -- China Nutrifruit Group Limited,  today announced that it has filed a registration statement with the Securities and Exchange Commission for a proposed offering of 73,000,000 units of Taiwan Depositary Receipt (the "TDRs"), representing 7,300,000 shares of the Company's common stock, of which 5,000,000 shares are expected to be offered by the Company and 2,300,000 shares are expected to be offered by the selling stockholder. The Company plans to apply for listing the TDRs on the Taiwan Stock Exchange.

China Nutrifruit will not receive any proceeds from the sale of the shares expected to be offered by the selling stockholder. China Nutrifruit intends to use the net proceeds from this offering for construction of a second fruit and vegetable production line with an expected annual production capacity of 10,000 tons in Daqing and a new facility with a new multi-purpose concentrate juice/pulp production line in Mu Dan Jiang with an expected annual production capacity of 8,000 tons.