Tianli Agritech (NASDAQ:OINK)

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Monday, June 13, 2011

On June 8, 2011, the Wuhan Branch of the Shanghai Pudong Development Bank (“SPDB”), advised Tianli Agritech, Inc. (the “Company”) that it could begin to make use of the RMB 20 million (approximately $3.1 million at the current conversion rate) that had been deposited in the Company’s account pursuant to the Loan Agreement entered into between the Company and SPDB dated June 1, 2011 (the “Loan Agreement”).

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