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China Botanic Sponsors Wild Plant Protection Association of China Meeting; Expects to Lead the Siberian Ginseng Conservation Association
Date:6/7/2012

HARBIN, China, June 7, 2012 /PRNewswire-Asia/ -- China Botanic Pharmaceutical Inc. (NYSE AMEX: CBP) ("China Botanic" or the "Company"), a developer, manufacturer and distributor of botanical products, bio-pharmaceuticals and Traditional Chinese Medicines ("TCM") in China, today announced that the Company recently co-sponsored and attended the Second Plenary Meeting of the Science and Technology Committee of the Wild Plant Protection Association of China in Beijing, organized by China's State Forestry Administration.

China Botanic was the only corporate co-sponsor and attendee at the meeting, which was dominated by government authorities, academic institutions and media. Participation in the meeting qualifies the Company to apply for leading the establishment of the Siberian Ginseng Conservation Association (SGCA), which is to be under the supervision of the State Forestry Administration. Becoming the leader of the newly-established SGCA would both strengthen China Botanic's dominant position in the Siberian Ginseng market and give it a say in any future consolidation of the Ginseng industry.

In recent years, China Botanic has worked closely with local forestry authorities to tap local Siberian Ginseng resources, and now controls approximately 80% of the Siberian Ginseng resources in Heilongjiang Province, or over 70% of the Siberian Ginseng resources in China.

"We are very pleased that we were the only company invited to co-sponsor and attend the meeting, which is a strong demonstration of the Company's proven status in the research and development of Siberian Ginseng based pharmaceuticals, and its leading position in Ginseng resource development, active ingredient extraction technology and Ginseng-based products," commented Mr. Shaoming Li, Chairman and Chief Executive Officer of China Botanic. "Our sponsorship and attendance provides an opportunity for the Comp
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SOURCE China Botanic Pharmaceutical Inc.
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