China YCT International Group has said that Shandong Yongchuntang Biology Technology, the company's wholly-owned operating subsidiary in Shandong Province, China, has been got the "Top 100 Enterprises" in the bioengineering and new pharmaceuticals sector in China.
The award was conferred by the Small- and Medium-sized Enterprises Research Center (SMERC) of the State Development and Planning Commission (SDPC), the country's premier research institution and think tank on small- and medium-sized enterprises.
The company also announced on the same day that Shandong Yongchuntang Biology Technology Co. Ltd. has been selected as a National "Torch Plan" Key High-Tech Enterprise. Established in 1989 and administered through the Ministry of Science and Technology, the "Torch Plan" is China's premier central government-sponsored high-tech promotion program with a mandate to promote the industrialization, commercialization and internationalization of advanced technologies throughout the country. Shandong Yongchuntang Biology Technology Co is the first high-tech enterprise from Sishui County to be included in the plan.