Date:5/13/2010

xternalLink');">jmccargo@theruthgroup.com SINOVAC BIOTECH LTD. Incorporated in Antigua and Barbuda Consolidated Balance Sheets (Unaudited) (Expressed in U.S. Dollars) March 31, December 31, 2010 2009 ASSETS Current assets Cash and cash equivalents $118,932,465 $74,953,212 Restricted cash 6,440 64,400 Short-term investments 8,338,088 7,313,149 Accounts receivable - net 22,713,648 24,540,134 Inventories 13,779,138 9,599,118 Prepaid expenses and deposits 802,158 466,346 Due from related party 3,286,046 -- Deferred tax assets 1,133,010 1,375,174 Total current assets 168,990,993 118,311,533 Property, plant and equipment 40,624,385 22,306,688 Deposits for acquisition of assets 8,264,946 -- Long-term inventories 2,642,242 2,642,734 Deferred tax assets 507,363 520,077 Licenses and permits 595,660 695,109 Due from related party 3,286,046 -- $224,911,635 $144,476,141 Total assets LIABILITIES AND EQUITY Current liabilities Loans payable $17,700,151 $17,697,821 Accounts payable and accrued liabilities 11,163,976 17,784,509 Income tax payable 3,786,171 6,413,734 Deferred revenue 5,153,
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