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China Pharma Holdings, Inc. Announces First Quarter 2008 Financial Results
Date:5/2/2008

Advances for purchase of

intangible assets (1,918,791) 836,404

Net Cash from Investing Activities (2,343,864) 872,497

Cash Flows from Financing Activities:

Proceeds from sale of common stock

and warrants -- 3,797,183

Payments of short term notes payable (376,271) --

Related party payables/receivables -- (138,860)

Net Cash from Financing Activities (376,271) 3,658,323

Effect of Exchange Rate Changes on Cash 50,539 5,247

Net Change in Cash (1,148,318) 2,294,277

Cash and Cash Equivalents at Beginning

of Period 1,830,335 656,441

Cash and Cash Equivalents at End of

Period $682,017 $2,950,718

Supplemental Cash Flow Disclosure:

Cash paid for interest $83,515 $56,899

Cash paid for income taxes -- --


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SOURCE China Pharma Holdings, Inc.
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