News Source: Press Release
"Herbalife Ltd. /quotes/comstock/13*!hlf/quotes/nls/hlf (HLF 48.45, -0.49, -0.99%) announced that China's Ministry of Commerce has granted five additional licenses for the company to conduct its direct-selling business in the provinces of Jiangxi, Liaoning, Henan, Jilin, and Chongqing. All licenses are effective immediately. Additionally, the company's license for Shanghai, which was granted in July 2009, is now active. Herbalife received its first direct-selling license in China in March 2007 for the cities of Suzhou and Nanjing in the Jiangsu province. An additional license was granted in July of the same year to conduct business throughout the entire Jiangsu province. In July 2008, it received five additional licenses for the provinces of Beijing, Guangdong, Shandong, Zhejiang and Guizhou and in July 2009 licenses were granted for Fujian, Shan'Xi, Sichuan, Hubei, and Shanghai.
The 16 provinces in which Herbalife now has direct-selling licenses represent an addressable population of approximately 844 million. Herbalife also currently operates 75 retail stores in 30 provinces in China.
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