China relaxes constraints on the Yuan

Sinovac Biotech Ltd. (SVA) files 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]. Beijing — June 18, 2010 — Sinovac Biotech Ltd. (Nasdaq: SVA), a leading developer and provider of vaccines in China, announced today that it will hold its 2010 Annual Meeting of Shareholders on Thursday, July 15, 2010 at 9:00 a.m. Beijing Time. The meeting will be held concurrently at No. 39 Shangdi Xi Road, Haidian District, Beijing, PRC and at No. 6 Temple Street, St. John’s, Antigua. All shareholders of record as of May 26, 2010 will be eligible to vote and are invited to attend.

Taiwan Semiconductor Manufacturing Co. Ltd. (TSM) files 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]. Hsinchu, Taiwan, R.O.C. – June 21, 2010 — TSMC (TWSE: 2330, NYSE: TSM) today announced that the ex-dividend date for TSMC common shares shall be July 6th, 2010. The cash dividend is NT$2.99973242 for each common share. The above-mentioned dividend is calculated based on the dividend distribution, as approved by the Company’s shareholder meeting on June 15th, 2010, and the actual number of common shares outstanding on the record date for the distribution. As a result of the employee stock options exercised between the day the Company’s board proposed said dividend distribution, and the record date of the distribution, the total number of outstanding common shares has increased slightly, resulting in a miniscule difference in the per-share dividends from the per-share numbers proposed by the Company’s board on February 9th, 2010.

Yayi International (YYIN) files S-8 - Securities to be offered to employees in employee benefit plans. We are acting as counsel for Yayi International Inc., a Delaware corporation (the "Company"), in connection with the Registration Statement on Form S-8 (the "Registration Statement") relating to the registration of 2,359,974 shares of the Company's common stock, par value $0.001 per share (the "Shares"), issuable pursuant to the Yayi International Inc. 2010 Employee Stock Option and Stock Award Plan (the "Plan"). We have examined the Plan and the relevant corporate proceedings of the Company and are familiar with other matters as we have deemed necessary for this opinion. Based upon the foregoing, we are of the opinion that the Shares have been duly authorized and, when issued and sold in accordance with the Plan, will be validly issued, fully paid and nonassessable. This opinion is limited to matters governed by the General Corporation Law of the State of Delaware. We hereby consent to the filing of this opinion as Exhibit 5.1 to the Registration Statement. In giving this consent, we do not thereby admit that we are within the category of persons whose consent is required under Section 7 of the Act or the rules and regulations of the Securities and Exchange Commission promulgated thereunder.

US China Mining Group Inc. (SGZH) files 10-K/A [Amend] - Annual report [Section 13 and 15(d), not S-K Item 405]. Songzai International Holding Group Inc. (the “Company,” “we,” “us” or “our”) is filing this Amendment No. 1 on Form 10-K/A to our Annual Report on Form 10-K for the year ended December 31, 2009, originally filed with the Securities and Exchange Commission (the “SEC”) on April 15, 2010 (the “Original Form 10-K”), to make certain corrections as to (i) Item 1 Business regarding the results of the report (dated March 24, 2010) of John T. Boyd Company, an independent mining and geological consulting firm (“JTB”), assessing our Tong Gong, Hong Yuan and Sheng Yu coal mines in accordance with SEC Industry Guide 7 as of December 31, 2009, (ii) Item 1 Business regarding the official names of certain government agencies in China, (iii) Item 10 Directors, Executive Officers And Corporate Governance and Item 12 Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters to remove Huan Liu as Secretary of the Company since Mr. Liu ceased serving as a member of management prior to December 31, 2009 and (iv) Item 12 Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters to correct the beneficial ownership table to reflect a subsequently filed Form 3 that relates to the time period covered by the table. Except as described above, this Amendment No. 1 does not amend any other information set forth in the Original Form 10-K and the Company has not updated disclosures included therein to reflect any events that may have occurred subsequent to April 15, 2010.

China Marine Hosts Conference Call with Investors on June 23, 9:00 a.m. ET. SHISHI, China, June 21 /PRNewswire-Asia-FirstCall/ -- China Marine Food Group Limited (NYSE Amex: CMFO) ("China Marine" or the "Company"), a manufacturer of Mingxiang(R) seafood-based snack foods, "Hi-Power" marine algae-based beverages and a distributor of frozen marine catch, today announced the Company's management team will host a conference call with investors on June 23 at 9:00 am ET. The Company's Chairman, Pengfei Liu, and Chief Financial Officer, Marco Ku, will provide an overview of China Marine's business segments, address trends in the market place and detail growth strategies for the years ahead. Following management's prepared remarks, Chairman Liu and Mr. Ku will host a 45-minute Q&A session for investors.

China TransInfo Sells Taxi Advertising Rights in Two Cities in Northern China. BEIJING, June 21 /PRNewswire-Asia-FirstCall/ -- China TransInfo Technology Corp., (Nasdaq:CTFO - News), ("China TransInfo" or the "Company"), a leading provider of intelligent transportation systems for highway and urban transportation management in China, today announced that the Company outsourced its taxi media advertising business in Hohhot, the capital city of Inner Mongolia Autonomous Region, and Urumqi, the capital city of Xinjiang Urgur Autonomous Region, to a local advertising agency in exchange for negotiated commission payments. China TransInfo has the exclusive rights to operate the in-taxi GPS media platform in these two cities until the end of 2023.

Longtop Wins First Contract With Rural Commercial Bank Customer in Eastern China. HONG KONG, June 21 /PRNewswire-Asia/ -- Longtop Financial Technologies Limited ("Longtop") (NYSE: LFT), a leading software developer and solutions provider targeting the financial services industry in China, today announced that the Company has won its first contract with a Rural Commercial Bank Customer in eastern China to provide an Operational Customer Relationship Management (OCRM) solution.

Yongye International Announces Acquisition of Customer List from Major Regional Distributor of Shengmingsu. BEIJING, June 21 /PRNewswire-Asia-FirstCall/ -- Yongye International, Inc. (Nasdaq: YONG), ("Yongye" or the "Company") a leading manufacturer, developer and distributor of "Shengmingsu" brand plant and animal nutrient products in China, today announced that it has entered into an agreement to acquire the Shengmingsu distribution network from its provincial level distributor in Hebei Province which is solely comprised of a customer list. The Company will pay $3.0 million in cash and issue 3.6 million shares of common stock to the seller to fund the transaction. The acquisition is expected to close on July 1, 2010. The customer list is comprised of all of the county-level distributors who sell the Company's Shengmingsu plant and animal nutrient products to over 2,700 independently-owned Yongye branded stores located in Hebei Province, which is Yongye's largest regional market in China, representing approximately 30% of the Company's revenues in 2009. Previously, in Hebei Province, Yongye sold its products to its provincial-level distributor who then resold those products to lower level distributors and on to the independently-owned Yongye branded stores. After the acquisition of the customer list, Yongye will sell directly to its county-level distributors in Hebei Province and these distributors will sell directly to the retail network. The Company expects to sell at least 350,000 cases of Shengmingsu product in Hebei Province in 2010. Over the next 12 months, the Company expects to generate approximately $6.7 million of additional revenue (after eliminating inter-company transactions) and $5 million of additional net income from the acquired customer list. In addition, the Company expects its gross margin in Hebei Province to increase to approximately 60% compared with approximately 53% in 2009 as a result of the acquisition.