Dr. Luke Zhang reports

GLG LIFE TECH CORPORATION ANNOUNCES LETTER OF INTENT SIGNED WITH CHINA NATIONAL CEREALS, OILS, AND FOODSTUFF CORPORATION ("COFCO") TO DEVELOP HEALTHY STEVIA SWEETENED PRODUCTS FOR CHINA MARKET

GLG Life Tech Corp. has signed a letter of intent with COFCO Nutrition and Health Research Institute Co. Ltd., a 100-per-cent-owned subsidiary of China National Cereals, Oils and Foodstuff Corp. (COFCO), for a strategic collaboration for the Chinese market.

The letter of intent focuses on the two parties' co-operation on the research and development of food and beverage products, and on the development, marketing and sale of stevia extracts and formulated products to promote the development of the stevia industry, nutrition and the healthy food industry in China. Under the terms of the letter of intent, COFCO NHRI shall preferentially use the materials, products and technologies provided by GLG. The parties shall work together to develop the strategies, promotions and industrialization of stevia in the process of developing health food and functional food. The company expects that additional agreements will result of this framework agreement and the letter of intent specifically provides for future agreements for major developments that are to occur.

China has one of the largest populations of diabetics globally with approximately 90 million diagnosed, and approximately 200 million people are classified as obese. Both parties are focused on the health and social well-being of the Chinese people in the development of products sweetened with stevia for zero or low calories. In addition, the parties recognize the high agricultural value of stevia to China's farmers and the continued requirement for China to import sweeteners.

The letter of intent specifies that COFCO NHRI is responsible for introducing the related co-developed products to COFCO Innovation of Food (Beijing) Co. Ltd. and the sales channel of COFCO. COFCO NHRI will also be responsible to bring the stevia products of GLG to China Mengniu Dairy Co. Ltd. and to assist in the expansion of the distribution channel of GLG's products.

The letter of intent also states that investment may occur under the right circumstances, including COFCO NHRI investment in GLG and other forms of investment.

Dr. Luke Zhang, chairman and chief executive officer of GLG, said: "We are very fortunate to have entered into this strategic co-operation with COFCO, which is on the Fortune 500 list of global companies and is the largest food company in China. We share a common vision for the need for healthier food and beverages for the China market, and stevia is the only scalable all-natural, zero-calorie sweetener that can meet the scale requirements for the China market. We have had a lot of strategic discussions with COFCO executive[s] over the past several months, and we have a good road map to begin execution of their ambitious vision to bring healthier food and beverages to the China market. We are truly excited to be the preferred stevia partner to COFCO and to be recognized as the leading vertically integrated player in the stevia industry."

COFCO HNRI president Xiao Ming Hao stated: "GLG is a company in the global stevia industry which has developed its own intellectual property and vertically integrated supply chain covering from seed to shelf. This time, we will do collaborations using each party's strength [and] create new mechanisms for our mutual benefit. We plan to increase the health value of stevia from developments of technology, basic application, products and quality safety, and to provide more health options for the Chinese diabetic and obese population."

About COFCO

COFCO is China's largest integrated agricultural, cereals, oils and foodstuffs processing enterprise, has been among the Fortune 500 for 19 consecutive years, and is ranked No. 1 among the top 100 in China's food industry. Worldwide revenues were estimated to be $28-billion in 2012, with over 60,000 employees around the world. International partners include Coca-Cola Co. and Groupe Danone SA.

About COFCO Nutrition and Health Research Institute Co. Ltd.

COFCO Nutrition and Health Research Institute is the first domestic enterprise-led research and development centre focusing on the systematic research of nutritional requirement and metabolic mechanism for the better health and welfare of the Chinese people, mainly engaged in product development, technology development, product quality and safety, and application research to improve the nutrition and health value of products, to provide nutrition healthy choices for every family.

We seek Safe Harbor.