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Shanghai ChemPartner Ranks 3rd among 2009 Deloitte Technology Fast 50 China Winning Companies
Date:12/1/2009

SHANGHAI, Dec. 1 /PRNewswire-Asia/ -- Shanghai ChemPartner, as the flagship subsidiary of ShangPharma, a leading China-based Contract Research Organization (CRO), today announced it is a winner of the 2009 Deloitte Technology Fast 50 China, ranking 3rd on the list of the fastest-growing high tech companies in China. The award is a testament to ChemPartner's outstanding three-year revenue growth from 2006 to 2008.

The results of the 2009 Deloitte Technology Fast 50 China Program were officially released at an award presentation ceremony in Beijing. ChemPartner was the only company from the pharmaceutical and healthcare sector in the Top 10 ranking.

"We are quite honored to be presented this award by Deloitte, which is a globally acknowledged independent professional agency and consulting partner," said Michael Hui, founder and CEO of Shanghai ChemPartner. "This is a remarkable recognition to our consistent efforts in strategically expanding and consolidating our R&D service portfolio, sharpening our core competence through improving internal operation efficiency."

"We will keep focusing more on our own development such as further optimizing operational efficiency and attracting and retaining talent. Developing business in this uncertain economic environment has taught us the importance of successful risk management; and we believe that improving productivity through careful strategic planning and innovation can help companies achieve sustainable growth." Michael Hui added.

Mr. William Chou, Deloitte China's National Leader of Technology, Media & Telecommunications, said, "Backed by the country's strong economic expansion and government support for technological innovation, there is still much room for the Chinese hi-tech industry to grow. Significant overseas and domestic investments in innovative and growing Chinese companies are also driving industry development. It has been
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SOURCE Shanghai ChemPartner Company Ltd.
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