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China Botanic Appoints Zack Zibing Pan as an Independent Director and Chairman of its Audit Committee
Date:10/18/2011

HARBIN, China, Oct. 18, 2011 /PRNewswire-Asia/ -- China Botanic Pharmaceutical Inc. (NYSE AMEX: CBP) ("China Botanic" or the "Company"), a developer, manufacturer and distributor of botanical products, bio-pharmaceuticals and traditional Chinese medicines ("TCM") in China, today announced that the board increased the number of directors on the board of directors to five at its annual board meeting and appointed Mr. Zack Zibing Pan to its Board of Directors, effective October 15, 2011. Mr. Pan will serve as an independent director and chairman of the Audit Committee, and a member of the Nomination and Compensation Committee.

Mr. Pan is currently the Chief Financial Officer of Biostar Pharmaceuticals, Inc., a Maryland company operated in China through its wholly owned subsidiary and controlled affiliate and listed on the NASDAQ ("Biostar"). From December 30, 2009 until April 2011, Mr. Pan served as a director of Biostar and also as the chairman of Biostar's audit committee. Mr. Pan was chief financial officer of China Education Alliance, Inc., a provider of quality educational resources in China that is listed on NYSE, to which he was appointed in August 2009. Prior to that position, Mr. Pan was an audit manager with Eide Bailly CPAs & Business Advisors at its Oklahoma City office. Mr. Pan had been working at Eide Bailly since September 2005. Mr. Pan spent seven years as a statistical analyst and economist with the State of Oklahoma. Mr. Pan has also served as a loan project officer for Asian Development Bank Loan Management Office in Anhui, China and as an associate professor at Anhui University, China.

Mr. Pan is a Certified Public Accountant, certified by the Oklahoma State Board of Accountancy. He is also a member of the American Institute of Certified Public Accountants (AICPA) and the Oklahoma Society of Certified Public Accountants (OSCPA). Mr. Pan graduat
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SOURCE China Botanic Pharmaceutical Inc.
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