Jiangbo Pharmaceuticals, Inc. is a holding company incorporated in Florida with its principal place of business in the People’s Republic of China (the “PRC”). We operate, control and beneficially own the pharmaceutical business of Laiyang Jiangbo. Laiyang Jiangbo researches, develops, manufactures, markets and sells pharmaceutical products and health supplements in the PRC. Laiyang Jiangbo is engaged in research, development, production, marketing and sales of pharmaceutical products. It is located in East China in an Economic Development Zone in Laiyang City, Shandong province, and is one of the major pharmaceutical companies in China producing tablets, capsules, granules, syrup , mixture, pillselectuary and oral solution for both Western medical drugs and Chinese herbal-based medical drugs. Approximately 33.3% of its current products are Chinese herbal-based drugs and 66.7% are Western medical drugs. Laiyang Jiangbo has several certificates of Good Manufacturing Practices for Pharmaceutical Products (“GMP”) issued by the Shandong State Drug Administration (“SDA”) and currently produces thirteen types of drugs. Laiyang Jiangbo’s top four products in fiscal year 2010 include Clarithromycin sustained-release tablets, Itopride Hydrochloride granules, Baobaole Chewable tablets and Radix Isatidis Disperable tablets and they accounted for approximately 99.6% of the Company’s total revenue in fiscal year 2010.