Tianjin Tianyao Pharmaceutical(SSE：600488）：export tax refund rate been improved

According to the notice released by Treasury Department and State Administration of Taxation of improving the rate of VAT export tax return, the export tax refund rate for raw medicine of cortex hormone kind of the Tianjin Tianyao Pharmaceutical Co., Ltd（SSE：600488） will be improved from 5% to 9% as of December 1, 2008. The company’s products are complied with this new policy, which will make positive effect for its income.