Feihe, headquartered in Beijing, China, is the largest and most highly recognized Chinese brand infant milk formula company, according to the Frost & Sullivan (F&S) Report. As the prominent market leader, our brand ranked first among domestic and international peers, according to the F&S Report, in 2020. According to AC Nielsen Report, our market share in China’s infant milk formula market was 20.2 percent as of Dec. 31, 2021.