09:18     SINO BIOPHARM<01177> - Announcement (4)                             

    In this announcement, the following expressions have the                  
    meanings set out below unless the context otherwise requires:             
                                                                              
    "Board" board of Directors                                                
                                                                              
    "Company"       Sino Biopharmaceutical Limited, a company                 
    incorporated in the Cayman Islands whose shares are listed and            
    traded on the Main Board of the Stock Exchange                            
                                                                              
    "CTL"   Chia Tai Pharmaceutical (Lianyungang) Company Limited,            
    a wholly-owned subsidiary of the Company incorporated in the              
    British Virgin Islands on 2 July, 1998                                    
                                                                              
    "Directors"     directors of the Company                                  
                                                                              
    "Group"         the Company and its subsidiaries                          
                                                                              
    "Hong Kong"     Hong Kong Special Administrative Region of the PRC        
                                                                              
    "JCTT"  Jiangsu Chia Tai-Tianqing Pharmaceutical Co., Ltd. (*),           
    a sino-foreign joint stock limited                                        
    company incorporated in the PRC on 16 April, 1997, which is held          
    as to 60% by the Group                                                    
                                                                              
    "Jiangsu Agribusiness"  * (Jiangsu State                                  
    Agribusiness Group Corporation Limited), a state-owned                    
    enterprise established in the PRC                                         
                                                                              
    "Jiangsu Juxin" * (Jiangsu Juxin                                          
    Investment Management Corporation Limited), a limited liability           
    company established in the PRC and is owned as to approximately           
    51% by Jiangsu Agribusiness and approximately 49% by *                    
     (Jiangsu State Agribusiness Group                                        
    Corporation Limited (Labour Union Committee))                             
                                                                              
    "Joint Venture Agreement"       the joint venture agreement dated         
    27 May, 2005 between CTL, Lianyungang Runzi and Jiangsu Juxin             
    with respect to the formation of the Joint Venture                        
                                                                              
    "Joint Venture Articles"        the articles of association relating      
    to the Joint Venture dated 27 May, 2005 between CTL, Lianyungang          
    Runzi and Jiangsu Juxin                                                   
                                                                              
    "Joint Venture" * (Lianyungang Tianyi                                     
    Medicine Co., Ltd.), a limited liability company to be                    
    established in the PRC                                                    
                                                                              
    "Lianyungang Runzi"     * (Lianyungang Runzi                              
    Consultation Centre), a partnership established in the PRC                
                                                                              
    "Listing Rules" the Rules Governing the Listing of Securities             
    on the Stock Exchange                                                     
                                                                              
    "Parties"       named parties to the Joint Venture Agreement and the      
    Joint Venture Articles being CTL, Lianyungang Runzi and Jiangsu           
    Juxin                                                                     
                                                                              
    "PRC"   the People's Republic of China and for the purposes of            
    this announcement, exclude Hong Kong, the Macau Special                   
    Administrative Region of the People's Republic of China and               
    Taiwan                                                                    
                                                                              
    "Share(s)"      share(s) of HK$0.025 each in the share capital of         
    the Company                                                               
                                                                              
    "Stock Exchange"        The Stock Exchange of Hong Kong Limited           
                                                                              
    "HK$"   Hong Kong Dollars, the lawful currency in Hong Kong