China Medicine (PINK:CHME)

On February 15, 2011, China Medicine Corporation was informed by Frazer Frost, LLP  that after completion of the current audit for the year ended December 31, 2010, it will decline to stand for re-appointment as the Company’s independent registered public accounting firm for the Company’s audit and for the quarterly reviews of the Company for the year ending December 31, 2011. The decision of Frazer Frost was made on its own initiative without the prior knowledge or participation of the Company.

The audit reports of Frazer Frost on the financial statements of the Company as of and for the years ended December 31, 2009 and December 31, 2008 did not contain an adverse opinion or a disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope or accounting principles.