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Renmin Tianli Group, Inc. (NASDAQ:ABAC)

Wednesday, July 14, 2010


	For the Fiscal Year ended December 31,
	2009		2008
Total Sales	$	12,550,533	$	7,197,091
Income from Operations		4,372,496		2,097,523
Other Income (Expense)		153,467		189,580
Net Income attributable to OINK		4,525,963		2,287,103
Other Comprehensive Income attributable to OINK		22,314		261,381
Comprehensive Income attributable to OINK		4,548,277		2,548,484
Basic and Diluted Earnings per Share (based on 8,125,000 OINK shares outstanding, on each of December 31, 2009 and 2008) ⁽¹⁾		0.56		0.28
Pro forma Basic and Diluted Earnings per Share (based on 7,125,000 OINK shares outstanding, on each of December 31, 2009 and 2008)⁽²⁾		0.64		0.32

	December 31,
	2009		2008
Total Assets	$	16,004,835	$	10,890,561
Total Current Liabilities		3,347,913		2,781,916
OINK Shareholders’ Equity		12,656,922		8,108,645
Total Liabilities and Shareholders’ Equity		16,004,835		10,890,561

1) We have presented earnings per share in OINK after giving retroactive effect to the reorganization of our company that was completed January 27, 2010.

(2) We have presented these pro forma earnings per share after (a) giving retroactive effect to the reorganization of our company that was completed January 27, 2010 and (b) assuming the redemption of all shares placed into escrow as described in the section entitled “Related Party Transactions – Make-Good Shares Subject to Redemption.” The number of escrowed shares is based on 50% of an assumed maximum of 2,000,000 common shares.

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