Date:5/17/2010

ncontrolling interest shareholders (4,780,790) -- Net cash (used in) provided by financing activities (1,177,882) 7,647,822 EFFECTS OF EXCHANGE RATE CHANGE IN CASH (54,890) 72,655 (DECREASE) INCREASE IN CASH (2,653,526) 25,191,332 CASH and CASH EQUIVALENTS, beginning of year 53,843,951 8,814,616 CASH and CASH EQUIVALENTS, end of year $51,190,425 $34,005,948 SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION Income taxes paid $3,806,691 $1,783,619 Interest paid (net of capitalized interest) $62,286 $236,649 Non-cash investing and financing activities: Reclassification of derivative liability to equity related to conversion of convertible notes $1,809,771 $-- Reclassification of derivative liability to equity related to exercise of warrants $2,436,907 $-- Distribution paid by offsetting accounts receivable - related party $-- $3,735,243 Net assets acquired with prepayments made in prior periods $-- $14,240,772 Net assets addition with unpaid commitment $395,540 $14,240,772 Plant and equipment acquired with prepayments made in prior periods $424,858 $87,305 For more information, please contact: Company Contact: Mr. Y. Tristan Kuo Chief Financial Officer China Biologic Products, Inc. Phone: +86-538-6202206 Email: '/>"/>

SOURCE China Biologic Products, Inc. Copyright©2010 PR Newswire. All rights reserved

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