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China Pharma Holdings, Inc. Reports Full Year 2009 Financial Results
Date:3/5/2010

ables and an increase of Net Income in 2009.

Balance Sheet

As of December 31, 2009, the Company had cash and cash equivalents of $3.6 million, which represented 3.6% of total assets, compared to $3.8 million, or 4.0% of total assets, as of September 30, 2009 and $6.9 million, or 9.2% of total assets, as of December 31, 2008.

    Business Update
    -- On January 21, 2010, the Company announced that the clinical trials for
       Candesartan, an anti-hypertension drug, has been completed and the
       generic drug production application has been submitted to the SFDA. In
       China, nearly 60% of all urban adults aged 65 years and over suffer
       from hypertension, and prevalence in urban areas is expected to reach
       100 million by 2011. Candesartan is listed in the China's National
       (Medical) Insurance Catalog ("NIC"), allowing patients to be reimbursed
       by the government.

Financial Guidance

The Compa
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SOURCE China Pharma Holdings, Inc.
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