China Bct Pharmacy Group Inc (OTC:CNBI)

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At least one VIE exists in the corporate structure

At least one FIE exists in the corporate structure

China Baicaotang Medicine became public via a reverse merger transaction on

China Baicaotang Medicine (Baicaotang) is South Western China’s leading company in drug distribution and retailing. Based in Liuzhou city, the largest industrial city of Guangxi Province, it enjoys an ideal geographical location in one of China’s most significant medical production and distribution centers. Baicaotang operates more than 64 retail pharmacy stores in Guangxi Province.

China Baicaotang’s activities cover all aspects of the medical and healthcare products supply chain -- manufacturing, distribution, and retailing – placing it in an ideal position for rapid growth throughout China.

Founded in 1956, Its shares are to be publicly traded in the U.S. on the Over-the-Counter Bulletin Board (OTCBB) under the symbol “CNBI”.

Wholesale Business

We conduct our wholesale business by purchasing from suppliers of pharmaceutical products and then distributing them to our wholesale customers, including hospitals, retail drug stores, other pharmaceutical wholesalers, clinics, medical centers, and individuals.

Retail Business

Located in Liuzhou City, Guangxi province, and established in 2001, Baicaotang Retail operates what we believe to be one of the largest regional wholesale networks in Guangxi province, consisting of 66 directly owned retail stores in Guangxi province under the registered name “Baicaotang白草堂.” Our retail stores provide high-quality convenient and professional pharmaceutical service, and supply a wide variety of medicines, including western medicine, traditional Chinese medicine, dried Chinese herbal medicine, roughly processed Chinese herbal medicine, family planning products, and seasonal medicine.

Hefeng Pharmaceutical

Located in Donglan District, Guangxi province and built on approximately 40,000 square meters of land owned by the Company, Hefeng Pharmaceutical was established in 1970 as a state-owned company and was privatized in 2006. Hefeng Pharmaceutical operates four (4) product units: (1) Chinese herbal medicine abstraction unit for raw material and medicine paste with 100 tons of annual abstraction capacity; (2) granular formulation unit with an annual production

The following chart sets forth the historical and projected expenditure on pharmaceutical products in China by category of pharmaceutical products for the periods indicated:

   
2007
   
2008
      2009 E     2010 E     2011 E  
OTC drugs
                               
Western medicine
    10.6       12.1       13.5     14.9     16  
Traditional Chinese medicine
    42.3       48.5       53.8     59.7     64.2  
Subtotal
    52.9       60.6       67.3     74.6     80.2  
Prescription drugs
                                   
Western medicine
    230.7       293       365.2     479     626.7  
Traditional Chinese medicine
    57.7       73.3       91.3     119.7     156.7  
Subtotal
    288.4       366.3       456.5     598.7     783.4  
Nutritional supplements
    52.4       54.8       59     63.4     68.9  
Herbal products
    21.1       23.4       26.8     30.8     32.8  
Total expenditure on pharmaceutical products
    414.8       505.1       609.6     767.5     965.3  

Web site: http://www.china-bct.com/AboutUs.aspx

Last updated January 12, 2010