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Shareholder Letter from Chairman of China Sky One Medical
Date:1/21/2011

HARBIN, China, Jan. 21, 2011 /PRNewswire-Asia-FirstCall/ -- China Sky One Medical, Inc. ("China Sky One Medical" or "the Company") (Nasdaq: CSKI), a leading fully integrated pharmaceutical company in the People's Republic of China ("PRC"), today announced the shareholder letter from Mr. Yanqing Liu, the Company's Chairman of Board of Directors, and Chief Executive Officer. The full text of this shareholder letter is as follows:

Dear Shareholders,

Our company's reputation continues to be tarnished by unfounded allegations of certain self-serving investors, whose viewpoints recently have been rehashed in media outlets, driving our share price down and create panic among our valued shareholders.

We regret that our faithful shareholders have suffered loss in the capital market as a result of reckless criticism and attacks. Most of the issues that recently resurfaced in the media were raised some time ago and have already been addressed by management. We have worked closely and diligently with all SEC inquiries and will continue to do so.

As you know, despite all attempts, China Sky One Medical is one of China's leading pharmaceutical companies. We manufacture and distribute over 100 products across approximately 30,000 pharmacies and 1,000 hospitals throughout China. We will continue to focus on delivering strong operating performance, which should provide a key source of confidence for our shareholders in the long run. So far, there are not many shareholders who have been visiting the Company, or met with our management team. Without conducting field research or seeing firsthand the dedication of our professionals, we consider the negative challenges have demonstrated little interest in knowing the business.

China Sky One Medical operates four pharmaceutical factories and two R&D centers in China. We are well positioned in the country's pharmace
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SOURCE China Sky One Medical, Inc.
Copyright©2010 PR Newswire.
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