HEALTH AND HAPPINESS (H&H) INTERNATIONAL HOLDINGS LIMITED 
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(March 15, 2013, Hong Kong) Biostime International Holdings Limited ("Biostime" or the "Company", HKEx stock code: 1112), a premium provider of high-end pediatric nutritional and baby care products in China, announces it has signed a renewed infant formulas manufacturing agreement with La Laiterie de Montaigu, a renowned French dairy manufacturer, for a term of three years from January 1, 2014 to December 31, 2016, to ensure continuous and stable supply of Biostime's infant and expectant mother formulas in the Chinese market.
The cooperation between Biostime and La Laiterie de Montaigu started in 2006, and this renewed agreement is the third long-term agreement signed between the two companies. According to this new Agreement, Biostime will continue to grant La Laiterie de Montaigu the right to produce infant and mother formulas according to Biostime's proprietary high demanding formulas specifications and La Laiterie de Montaigu will provide an exclusivity to Biostime for the Chinese market for the duration of this agreement. Biostime has agreed to purchase no less than 10,000 tons of finished products per year and La Laiterie de Montaigu has undertaken to guarantee such supply to Biostime, its key customer.
Through this long-term agreement, both parties will also step up efforts in joint R&D and product development of the highest quality formulas by utilizing the most advanced production process, in order to answer the needs of Chinese customers for premium infant formulas.
Mr. Luo Fei, Chairman and Chief Executive Officer of Biostime said, "In light of Biostime's strategy to provide high quality premium infant formulas in China, we are pleased to reinforce cooperation with our historical and trustworthy partner. By renewing this long- term manufacturing agreement, we will be able to ensure sufficient and stable supply of high quality products and we look forward to making joint efforts with La Laiterie de Montaigu to continue develop safe and innovative premium products for Chinese consumers and capture the huge potential of this flourishing market."
Mr. Eric Blanchard, General Manager of La Laiterie de Montaigu said, "We are very honored to be able to continue the partnership we have founded with Biostime since 2006 through the renewal of another long-term agreement. La Laiterie de Montaigu, which just celebrated its 80th anniversary of history, will continue in the coming years to work ever closer to Biostime in production and development and leverage the most advanced technology and R&D capabilities in the field of milk powder formulas to deliver the best formulas to Chinese babies and mothers."
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Biostime is a premium pediatric nutrition and baby care products provider in China. The company's family of products includes premium probiotic supplements for children, infant formulas and dried baby food products marketed under the brand name Biostime™,baby care products marketed under the brand name of BMcare™. The shares of Biostime have been listed on the Hong Kong Stock Exchange since 2010.
Natalie Tam/ Charis Yau/ Cindy Cheuk/ Winnie Yiu
Tel: (852) 2136 6182/ 2136 6183/ 3920 7648/ 3920 7645
Fax: (852) 3170 6606
Email: biostime@iprogilvy.com
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