On November 26, 2008, Hengshui Zhongpin Food Co., Ltd. ("Hengshui Zhongpin"), a wholly-owned subsidiary of our company, entered into a lease agreement (the "Lease") with Shenzhou Chenguang Meat Products Facility ("Chenguang"), pursuant to which Hengshui Zhongpin has leased Chenguang's meat processing facilities located in Shenzhou City in Hebei Province, People's Republic of China. The facility will be operated by Hengshui Zhongpin. The Lease has the following principal terms:

? A three-year term commencing on December 1, 2008.

? Rent will be 1,800,000 RMB (US$263,852.24) per year for the duration of the Lease.

? Except for expenses associated with building repair and maintenance, all expenses associated with operating the processing facility, including any maintenance and repair of the leased equipment, will be paid for by Hengshui Zhongpin.

? Hengshui Zhongpin will have the full use of the production facilities, including the right to manage the staff of the production facility and the right to control the purchase of materials and supplies, production and the sale of all products produced.

The total production capacity for chilled and frozen pork at the leased facility is 75 metric tons per day, based on an eight-hour working day, or approximately 26,000 metric tons on an annual basis. Approximately 70% of the facility's production capacity will be dedicated to producing chilled pork, while the remaining 30% will be dedicated to producing frozen pork.

We currently expect to commence production at this facility in December 2008.

An English language translation of the Lease is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference. A press release announcing the lease was issued on December 1, 2008 and is attached hereto as Exhibit 99.1.

(d) Exhibits. The following exhibits are furnished herewith:

Exhibit No.      Document

10.1             English Translation of Leasing Contract, dated as of November
                 26, 2008.

99.1             Pork Production Facility Press Release of Zhongpin Inc., dated
                 December 1, 2008.