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Sinovac Reports Unaudited Full Year 2008 and Fourth Quarter Financial Results with Financial Tables
Date:4/9/2009

s vaccines. Additional information about Sinovac is available on its website, http://www.sinovac.com . To be added to our distribution list, please email: info@sinovac.com.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by words or phrases such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the business outlook and quotations from management in this press release contain forward-looking statements. Statements that are not historical facts, including statements about Sinovac's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Sinovac does not undertake any obligation to update any forward-looking statement, except as required under applicable law.



    SINOVAC BIOTECH LTD.

    Consolidated Balance Sheets
    (Unaudited)
    (Expressed in U.S. Dollars)
                                                 December 31,   December 31,
                                                    2008           2007

    ASSETS

    Current assets
      Cash and cash equivalents                $  32,894,102  $  17,071,497
      Accounts receivable                         19,486,596     16,983,892
      Inventories                                  7,428,865      3,745,957
      Income tax refundable                          348,018             --

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SOURCE Sinovac Biotech Ltd.
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