Renhuang Pharmaceuticals, Inc. (OTCBB: RHGP), a leading provider of natural health care products in the People's Republic of China, filed an amended 10K yesterday for the transition period of May 1 to October 31, 2006 (which is the second half of the Company's 2006 fiscal year). A detailed explanation is available in the Company's current report 10K/A dated and filed with the Securities and Exchange Commission on February 22, 2007.

With the amendment, revenues of $12.25 million for the current six month period from May 1 to October 31, 2006 actually grew 24% compared to the restated revenues of $9.90 million for the same period of last year. The year over year growth of sales was attributable to the continued market growth due to strong demand for all product lines that the Company offers. The Company remains very optimistic about growing its earnings and revenues over time. Driven by fast growing economy in China, higher disposable income per capita, increased attention to health, and favorable government policy towards improving quality of life, the Company is positioned to grow continuously. The Company also expects to expand its market internationally as consumers around the world are seeking alternative medicines and as Renhuang's products are increasingly sought after.

Mr. Li, Shaoming added, "I would like to stress that the Company delivered strong results for its first six month period as a public company. Our sales continued to grow year over year in each of our major product lines and our earnings more than doubled from the same period of last year. With our highly sought after products, strong R&D program, superior manufacturing capability, and large distribution network, we believe we are capable of delivering consistent growth to our shareholders. We reiterate our expectations for the fiscal year 2007 with revenues in the range of $35 to $40 million and net profits in the range of $10 to $12 million."

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"Interest rate hikes are intended to keep the economy from overheating, a condition that could lead to dangerous inflation pressures. But after a strong showing of a 5.6 percent annual growth rate in the first quarter, the economy slowed to just a 2.9 percent pace in the second, and cooled even more in the third. And analysts are expecting the economy to have shown only moderate growth in the last quarter of the year.