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Shengtai Pharmaceutical, Inc. Reports Second Quarter Fiscal 2009 Financial Results
Date:2/13/2009

er, we expect sales of our pharmaceutical grade glucose will continue to grow and cornstarch and other products should begin to show a recovery," stated Mr. Qingtai Liu, Shengtai Pharmaceutical's CEO. "As we look further into the second half of our fiscal year 2009, we expect our domestic glucose business will further benefit as the government builds more rural hospitals and community health clinics as part of the 850 billion RMB health care reform package. As more patients receive basic health coverage, we believe there will be increased demand for our glucose as medical transfusions are the most common form of medical treatment in China. We continue to execute our plan to optimize our product portfolio by expanding our glucose business, which carries a higher gross margin than our cornstarch business. As an industry leader in the production of pharmaceutical grade glucose with about 40% of China's glucose market share, as well as being one of only three certified Dextrose Monohydrate manufacturer in China, we are confident in our long-term growth opportunities, and in our ability to succeed as a leading supplier of high-quality, pharmaceutical grade glucose products," Mr. Liu concluded.

Conference Call

The Company will host a conference call and webcast on Friday February 13, 2009 at 9:00 A.M. Eastern Standard Time / 10:00 P.M. Beijing Time. A question and answer session will follow management's presentation. Mr. Qingtai Liu (Chief Executive Officer), Ms. Yiru Melody Shi (Chief Financial Officer), and Ms. Haining Michelle Wang (Investor Relations Manager) will be the primary speakers on the call.

To participate, please call the following numbers ten minutes before the call start time:

Phone Number + 1 (877) 407-8035 (North America)

Phone Number + 1 (201) 689-8035 (International)

A live webcast of the conference call will be available by accessing the
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SOURCE Shengtai Pharmaceutical, Inc.
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