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3SBio Inc. Announces Receipt of "Going Private" Proposal at $15 Per ADS
Date:9/12/2012

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Investor Contacts

Bo Tan
Chief Financial Officer
3SBio Inc.
Tel: + 86 24 2581-1820
ir@3SBio.com

Tom Folinsbee
Director of Investor Relations
3SBio Inc.
Tel: + 852 8191-6991
ir@3SBio.com

 

Exhibit A

CPECHINA FUND, L.P.
DR. JING LOU

September 12, 2012

The Board of Directors
3SBio Inc.
No.3 A1, Road 10, Econ. & Tech. Development Zone
Shenyang 110027
P.R.China

Dear Sirs:

CPEChina Fund, L.P. ("PE") and Dr. Jing Lou ("Dr. Lou"), Chairman and CEO of the Company, are pleased to submit this preliminary non-binding proposal to acquire all outstanding ordinary shares (the "Shares") of 3SBio Inc. (the "Company") not owned by Dr. Lou, his affiliates or certain members of management who choose to roll over their Shares in a going-private transaction (the "Acquisition"). 

We believe that our proposal of US$15 in cash per American Depositary share of the Company ("ADS", each representing seven Shares), or US$2.1428 in cash per Share, will provide a very attractive opportunity to the Company's shareholders. This price represents a premium of approximately 30% to both the Company's closing price on September 11, 2012 and the volume-weighted average closing price during the last 30 trading days.

The terms and conditions upon which we are prepared to pursue the Acquisition are set forth below.  We are confident in our ability to consummate an Acquisition as outlined in this letter. 

1.  Buyer.  PE and Dr. Lou have entered into a letter agreement dated September 12, 2012 (the "Consortium Agreement"), pursuant to which Dr. Lou will form an acquisition vehicle for the purpose of pursuing the Acquisition ("Acquisition Vehicle"), and PE and Dr. Lou will work with each other on an exclusive basis
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SOURCE 3SBio Inc.
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