09:37     JIWA BIO-PHARM<02327> - Announcement (2)                            

    at the date of this announcement, the registered capital of the PRC JV    
    Company is as follows:                                                    
                                                                              
            Capital         Percentage                                        
             (RMB)          (%)                                               
                                                                              
    Party A 4,500,000       66.18                                             
    Party B 500,000         7.35                                              
    Party C 1,800,000       26.47                                             
            (see Note 1)                                                      
                                                                              
    Total   6,800,000       100                                               
            (see Note 2)                                                      
                                                                              
    Notes:                                                                    
                                                                              
    1.      The actual capital contributed by Party C is RMB827,700.          
                                                                              
    2.      The total actual capital contributed by Party A, Party B and      
    Party C is RMB5,827,700 as Party C has not completed its total            
    capital contribution of RMB1,800,000 and the outstanding amount           
    is RMB972,300.                                                            
                                                                              
    The registered capital of the PRC JV Company upon completion              
    of the capital contributions pursuant to the Capital Injection            
    Agreement will be as follows:                                             
                                                                              
                    Capital         Percentage                                
                    (RMB)           (%)                                       
                                                                              
    Jiwa Rintech    24,000,000      80                                        
    Party A         4,672,300       15.57                                     
    Party B         500,000         1.67                                      
    Party C         827,700         2.76                                      
                                                                              
    Total           30,000,000      100                                       
                                                                              
    Payment Terms:                                                            
                                                                              
    Party A and Jiwa Rintech will make the capital contributions              
    in the PRC JV Company by cash respectively within 3 months from           
    the date of issue of the new business licence of the PRC JV Company.      
    Jiwa Rintech will finance its capital contribution through                
    internal resources.                                                       
                                                                              
    Conditions:                                                               
                                                                              
    The transactions contemplated under the Capital Injection                 
    Agreement are conditional, inter alia, on the followings:                 
                                                                              
    1.      all necessary approvals from the Ministry of Commerce of the      
    People's Republic of China (*) and the State Administration for Industry  
    and Commerce (*) have been obtained;                                      
                                                                              
    2.      the signing of the joint venture agreement and the articles       
    of association of the PRC JV Company by Party A, Party B, Party           
    C and Jiwa Rintech; and                                                   
                                                                              
    3.      all necessary actions have been done by Party A, Party B,         
    Party C and Jiwa Rintech in relation to, inter alia, approving            
    the execution and performance of the Capital Injection Agreement          
    and the increase of the registered capital of the PRC JV Company.         
                                                                              
    Others:                                                                   
                                                                              
    The board of directors of the PRC JV Company will comprise five           
    directors, four of whom will be nominated by Jiwa