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/C O R R E C T I O N -- Sinovac Biotech Ltd./
Date:11/16/2011

BEIJING, Nov. 16, 2011 /PRNewswire-Asia/ --

In the news release, "Sinovac Reports Unaudited Third Quarter 2011 Financial Results" with financial tables, issued on November 14, 2011 by Sinovac Biotech Ltd. over PR Newswire, we are advised by the Company that the third sentence of the fourth paragraph from the section titled "Financial Review for Third Quarter Ended September 30, 2011" should be read as " Excluding pandemic flu vaccine sales, SG&A as a percentage of sales was 57.7% and 56.1% for the current quarter and prior year quarter, respectively.", rather than "Excluding pandemic flu vaccine sales, SG&A as a percentage of sales was 57.7% and 55.6% for the current quarter and prior year quarter, respectively.", as originally issued inadvertently. And the second sentence of the third paragraph from the section titled "Financial Review for the Nine Months Period Ended September 30, 2011" should read as "After deducting depreciation of land use rights, amortization of licenses, permits, the gross margin was 62.6% and 75.2% for the nine month periods of 2011 and 2010, respectively.", instead of "After deducting depreciation of land use rights, amortization of licenses, permits, the gross margin was 60.3% and 72.9% for the nine month periods of 2011 and 2010, respectively." The third sentence of the fourth paragraph from the section titled "Financial Review for the Nine Months Period Ended September 30, 2011" should read as "Excluding pandemic flu vaccine sales, SG&A as a percentage of sales were 64.2% and 58.6% for the nine-month periods of the current year and prior year, respectively.", instead of  "Excluding pandemic flu vaccine sales, SG&A as a percentage of sales were 64.2% and 58.3% for the nine-month periods of the current year and prior year, respectively." In the Consolidated Balance Sheets, the Total stockholders' equity as of September 30, 2011 should be "$126,159,748" instead of "$126,159,749"; and In the Consolidated Statem
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