Guangzhou Baiyunshan Pharmaceutical Holdings Company Limited (China)

The origin of the Group dates back to 1983 when GPGC wasestablished as a State-owned enterprise to supervise thepharmaceutical industry in the Guangzhou Municipality and toperform the business administration function relating toState-owned entities engaged in the pharmaceuticalmanufacturing and trading businesses in the GuangzhouMunicipality under the jurisdiction of the GuangzhouMunicipal Government. In August 1996, pursuant to theapproval granted by the Guangzhou Municipality Government,GPGC was transformed into GZPHL, which took over thebusiness administration function of GPGC, and GPAB, whichtook over the industry supervision function of GPGC. As aresult, GZPHL inherited the businesses of 31 pharmaceuticalentities, including the Eleven Enterprises, previouslycontrolled by GPGC and was authorised by Guangzhou StateAssets Bureau to manage the State-owned assets of these 31pharmaceutical entities. The Company was established as ajoint stock limited company with limited liability on 1stSepetember, 1997. H shares of the Company were listed onHong Kong Stock Exchange on 31th October, 1997.