On September 10th, 2006, Dalian Based Bitech Company announced to form joint-venture Biopharma Company with Nanjing Dingye group and formally registered the new company in Nanjing Pukou Hightech Zone. The Mission of new company is to build a high profile industrialization base for overseas scholars and entreprenerus to transfer IP into commercial applications, also provide outsourcing R & D for international leading pharmas from Medicinal Chemistry, Bioanalysis, Pharmacology, Toxicology and NDA drug clinical trials in China. It also provide a competitive R & D platform with excellent facilities for FTE services in the future.

The new company will establish the following R & D Facilities:

• Novel Industrial Enzyme Development
• Medicinal Chemistry Services
• Bioanalysis
• ADMET
• CADD and VHTS
• Pharmacology/Toxicology
• Formulation Development
• IND Process Development and GMP production of drug candidates
• GCP clinical Trial services for overseas IND in China
• GLP synthesis of leading compounds
• Analytical Method Development