Tiens Biotech Group (USA) Reports Second Quarter and Six-Mon...(WEIGHTED AVERAGE NUMBER OF SHARES ...)

NUMBER OF SHARES 71,333,586 71,333,586 71,333,586 71,333,586

TIENS BIOTECH GROUP (USA), INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS AS OF JUNE 30, 2008 AND DECEMBER 31, 2007 A S S E T S

June 30, December 31,

2008 2007

As Adjusted

(Unaudited) (Note 1)

CURRENT ASSETS:

Cash $ 47,741,333 $ 54,081,848 Accounts receivable, trade -

related parties, net of

allowance for doubtful accounts

of $109,415 and $71,700, as of

June 30, 2008 and December 31,

2007, respectively 23,176,490 14,268,229

Accounts receivable, trade -

third parties -- 104,398

Inventories 6,222,266 5,949,963

Other receivables 609,326 1,068,343

Other receivables - related
parties 11,844,719 13,887,138

Employee advances 260,974 65,901

Prepaid expense 285,677 623,638

Prepaid income taxes 734,772 --

Total current assets 90,875,557 90,049,458

PLANT AND EQUIPMENT, net 16,053,138 16,071,900

OTHER ASSETS:

Construction in progress 55,279,413 39,792,774

Construction deposits 1,615,659 1,089,216

Intangible assets, net 9,711,580 9,246,879

Other assets
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