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Shengtai Pharmaceutical, Inc. Reports First Quarter Results of Fiscal Year 2008
Date:11/15/2007

on short term loans (3,616,158) (842,056)

Borrowings on employee loans -- 17,595

Payments on employee loans (90,905) (164,641)

Payments on long term loans -- (879,760)

Net cash (used in)

provided by financing

activities (4,541,561) 5,257,195

EFFECTS OF EXCHANGE RATE CHANGE

IN CASH 41,437 5,932

(DECREASE) INCREASE IN CASH (5,037,792) 49,063

CASH, beginning of period 6,420,439 502,457

CASH, end of period $ 1,382,647 $ 551,520

For more information, please contact:

Company Contact:

Mr. Philips Zhang

CFO

Shengtai Pharmaceutical, Inc.

Tel: +86-536-629-5728

Email: shengtaicfo@hotmail.com

Investor Relations Contact:

Mr. Crocker Coulson

President

CCG Elite Investor Relations

Tel: +1-646-213-1915 (NY Office)

Email: crocker.coulson@ccgir.com


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SOURCE Shengtai Pharmaceutical, Inc.
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