In response to investors' inquiries concerning the restructuring, the Company confirmed today that it had explored with China Bioway the possibility of the Company's acquisition of China Bioway's minority interest in Sinovac China. However, the Company has not commenced any formal negotiation or entered into any definitive agreement with China Bioway. Sinovac will comply with all applicable laws, rules and regulations (including U.S. securities laws and AMEX rules) and will obtain all necessary approvals (including any necessary shareholders' approval) in connection with any such acquisition, if it were to materialize.
About Sinovac
Sinovac Biotech Ltd. is a China-based biopharmaceutical company that focuses on the research, development, manufacture and commercialization of vaccines that protect against human infectious diseases. Sinovac's vaccines include Healive(TM) (hepatitis A), Bilive(TM) (combined hepatitis A and B) and Anflu(TM) (influenza). Sinovac is currently developing human vaccines against the H5N1 strain of pandemic influenza, Japanese encephalitis and SARS. Additional information about Sinovac is available on its website, http://www.sinovac.com. To be added to our distribution list, please email: info@sinovac.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by words or phrases such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the business outlook and quotations from management in this press release contain forward-looking statements. Statements that are not historical facts, including statements about Sinovac's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward- looking statement. Sinovac does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
Contact Information: Helen G. Yang Sinovac Biotech Ltd. Phone: 10-82890088 Ext. 871 Fax: 10-62966910 Email: info@sinovac.com
Investors/Media: Stephanie Carrington/Janine McCargo The Ruth Group (646) 536-7017/7033 scarrington@theruthgroup.com / jmccargo@theruthgroup.com
Source: Sinovac Biotech Ltd.
