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Sinovac Reports Record Second Quarter 2008 Unaudited Financial Results
Date:8/13/2008

Restricted cash 935,765 3,386 (434,921) 22,726

Acquisition of property,

plant and equipment (1,229,151) (379,392) (2,236,575) (257,280)

Net cash used in

investing activities (293,386) (376,006) (2,671,496) (234,554)

Exchange effect on cash

and equivalents 119,919 99,013 542,189 155,557

Increase (decrease) in

cash and cash

equivalents (1,758,441)(2,369,553) 1,748,774 33,537

Cash and cash

equivalents,

beginning of period 20,578,712 6,912,816 17,071,497 9,248,832

Cash and cash

equivalents,

end of period $18,820,271 $9,282,369 $18,820,271 $9,282,369

Cash paid for

interest, net

of interest

capitalized $133,612 $71,816 $306,005 $159,818

Cash paid for income

taxes $871,557 $416,330 $1,309,963 $517,674

Supplemental schedule of

non-cash activities:

Acquisition of property,

plant and equipment

Included in accounts

payable and accrued

liabilities $ -- $ -- $546,514 $74,718

For more information, please contact:

Contact Information: Investors/Media:

Helen G. Yang Stephanie Carrington/Janine McCargo

Sinovac Biotech Ltd. The Ruth Group

Tel: +86-10-8289-0088 x871 Tel: +1-646-536-7017/7033

Fax: +86-10-6296-6910 Email: scarrington@theruthgroup.com

Email: info@sinovac.com jmccargo@theruthgroup.com


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SOURCE Sinovac Biotech Ltd.
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