China New Borun Corporation (NYSE: BORN) (the "Company"), a leading producer and distributor of corn-based edible alcohol in China, today announced that its Board of Directors (the "Board") has received a non-binding proposal letter, dated January 10, 2018, from Mr. Jinmiao Wang ("Mr. Wang"), Chief Executive Officer and Chairman of the Board, and King River Holding Limited ("King River"), a British Virgin Island company and a majority shareholder of the Company, proposing a "going-private" transaction to acquire all of the outstanding ordinary shares of the Company not already owned by Mr. Wang or King River for US$1.67 in cash per American depositary share ("ADS"), or US$1.67 per ordinary share, which represents approximately 32.6% above the average closing price of the Companys ADSs over the last 30 trading days up to and including January 9, 2018. A copy of the proposal letter is attached as Annex A to this press release.

The Board intends to form a special committee consisting of independent directors to consider this proposal. The Company cautions its shareholders and others considering trading in its securities that the Board only recently received the non-binding proposal letter and no decisions have been made with respect to the Companys response to the proposal. There can be no assurance that any definitive offer will be made, that any agreement will be executed or that this or any other transaction will be approved or consummated. The Company does not undertake any obligation to provide any updates with respect to this or any other transaction, except as required under applicable law.

about China New Borun Corporation

The Company is a leading producer and distributor of corn-based edible alcohol sold as an ingredient to producers of baijiu, a popular grain-based alcoholic beverage in China. The Company also produces DDGS Feed, liquid carbon dioxide and crude corn oil as by-products of edible alcohol production, and CPE that is widely used in chemical industries. China New Borun is based in Shouguang, Shandong Provinceand in documents filed with the U.S. Securities and Exchange Commission, which are available on the SECs website

Forward-looking Statements

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