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TheStreet Open House

3SBio Inc. Enters Into Merger Agreement For "Going Private" Transaction

Stocks in this article: SSRX

This announcement is neither a solicitation of proxy, an offer to purchase nor a solicitation of an offer to sell any securities and it is not a substitute for any proxy statement or other filings that may be made with the SEC should the proposed merger proceed.

About 3SBio Inc.

3SBio is a leading, fully integrated, profitable biotechnology company focused on researching, developing, manufacturing and marketing biopharmaceutical products primarily in China.  Its focus is on addressing large markets with significant unmet medical needs in nephrology, oncology, supportive cancer care, inflammation and infectious diseases. With headquarters and GMP-certified manufacturing facilities in Shenyang, PRC, 3SBio employs over 800 people. Shares trade in the form of American Depositary Shares (ADSs) on the NASDAQ stock market under the ticker symbol "SSRX". Please see www.3SBio.com for more information.

Safe Harbor Statement

Certain statements contained in this announcement may be viewed as "forward-looking statements" within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995, which may be identified by terminology such as "intend","expect,""will" or "would", "may" or "might".  Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual outcome or results of events and matters to be materially different from those implied by such forward-looking statements.  The risks and uncertainties may include: whether sufficient number of shareholders will view the terms favorably and vote to approve this transaction at the extraordinary general meeting; whether the Buyer Group will secure and receive financing; whether all the closing conditions and other terms of the transaction documents will be duly complied with or fulfilled; and other risks and uncertainties discussed in the documents filed or to be filed with the SEC by the Company, particularly the Schedule 13E-3 transaction statement and the proxy statement. These forward-looking statements reflect the Company's expectations as of the date of this press release.  The Company undertakes no ongoing obligation, other than that imposed by law, to update these statements.

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