SOUTHWEST SYNTHETIC PHARMACEUTICAL CO.LTD (000788)

Purchase of Pharmaceutical Co. Stake Planned

The company plans to purchase a 90.63% stake in Chongqing Daxin Pharmaceutical Co., Ltd. from PKU International Hospital Group Co., Ltd. via private placement. Aokesen (Beijing) International Asset Evaluation Co., Ltd. was entrusted by both the company and PKU International Hospital to conduct the asset evaluation of Chongqing Daxin's shareholders' equity. The result is as follows:

As of 30 Jun 2008, Chongqing Daxin's shareholders' equity is RMB 253,553,600, based on the Asset-based Valuation.

Board of Directors
4 Nov 2008


Source: Securities Times

Date: 4 Nov 2008


CN01/ZZ/RL/JE/KM


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