China Nepstar Chain Drugstore Announce...( SHENZHEN China March 24 /Xinhua--...),Health

SHENZHEN, China, March 24 /Xinhua-PRNewswire-FirstCall/ -- China Nepstar Chain Drugstore Ltd. (NYSE: NPD) ("China Nepstar" or the "Company"), the largest drugstore chain in China based on the number of directly operated stores, today announced that the Board of Directors has declared a cash dividend on its ordinary share of US$0.06 per share, based on its net income for the full year 2007. The cash dividend is payable on or around May 12th, 2008, to shareholders of record as of the close of business on April 10, 2008. This dividend represents China Nepstar's first cash dividend to shareholders after completion of its initial public offering on November 9, 2007.

Mr. Jiannong Qian, Chief Executive Officer of China Nepstar, commented, "We have carefully reviewed our current financial position and our expected cash flows, and are confident that the Company has ample resources to support its rapid store growth and acquisition objectives after taking into consideration of the cash dividend. We believe that the cash dividend enables us to bring additional value to our shareholders in addition to our exciting growth story."

About China Nepstar Chain Drugstore Ltd.

China Nepstar Chain Drugstore Ltd. (NYSE: NPD) is China's largest retail drugstore chain based on the number of directly operated stores. As of December 31, 2007, the Company had 2,002 stores across 62 cities, one headquarter distribution center and 11 regional distribution centers in China. China Nepstar uses directly operated stores, centralized
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