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Tongjitang Chinese Medicines Acquires Guiyang Liquor Factory
Date:2/2/2010

SHENZHEN, China, Feb. 2 /PRNewswire-Asia-FirstCall/ -- Tongjitang Chinese Medicines Company (the "Company" or "Tongjitang") (NYSE: TCM), a leading specialty pharmaceutical company focusing on the development, manufacturing, marketing and selling of modernized traditional Chinese medicine in China, today announced that it has set up a joint venture with a third party to acquire 100% of state-owned Guiyang Liquor Factory ("Guiyang Liquor") for RMB120.6 million in cash. Tongjitang owns 95% of the joint venture and will pay its share of the consideration in full by February 2010. This acquisition is expected to be completed in the first quarter of 2010.

Guiyang Liquor manufactures and sells 3 brands of Chinese liquors: "Guiyang Da Qu," "Qian Chun Liquor" and "Gui Liquor." According to its audited financial statements, Guiyang Liquor was profitable and achieved revenues of RMB18.9 million in 2008. Guiyang Liquor was founded in 1958 and is located in Guiyang City, Guizhou Province, China.

Tongjitang intends to achieve the following strategic objectives through this transaction:

    -- Enter the Chinese traditional medicinal liquor market. Guiyang Liquor
       is well-known in Guizhou Province, which is a leading province for
       producing branded Chinese liquors. Chinese liquor can be applied orally
       or topically to play an important role in the treatment of bone-related
       diseases. Tongjitang plans to launch 2-3 Chinese traditional medicinal
       liquors within the next few years.
    -- Enhance To
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SOURCE Tongjitang Chinese Medicines Company
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