江苏华兰药用新材料股份有限公司

Hualan NPM Held the Ninth Meeting of the First Session of the Board of Directors at Chongqing Fuling Company

      The ninth meeting of the first session of the Board of Directors of Jiangsu Hualan New Pharmaceutical Materials Co., Ltd. was held on the afternoon of October 29th, 2011 at Fuling in Chongqing Municipality. The Chairman Hua Guoping presided over the meeting and delivered an important speech.

     The attending directors of the board had a thorough discussion of the proposals submitted for consideration at the meeting. They reviewed and approved the “General Manager’s Working Report in January-September, 2011”, the “Proposal of Increasing Guarantee Amount and Relevant Authority to Wholly-owned Subsidiaries” and the other four proposals. The meeting has also decided to hold the first conference of the interim shareholders on November 15th, 2011.

     The Board of Director had a comprehensive analysis of the current situation faced by the Company with both opportunities and challenges, in the hope that the management team shall accurately grasp the development trend of the pharmaceutical industry, accelerate the pace of the upgrading process of products and techniques, strengthen the market analysis and sales management, while actively and steadily push forward the marketing model transformations and make effective and efficient efforts in all the issues concerned in the General Manager’s Work Repot so as to ensure achievement of good business results throughout the year.