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Mr. Robert Friedland Joins Board of Directors


Dragon Pharmaceuticals Inc. is very pleased to announce the appointment of international financier Robert Friedland to the Board of Directors, effective immediately.

Friedland is chairman and president of Ivanhoe Capital Corporation, a Singapore-based venture capital company with worldwide interests in resource and high-tech companies.

Companies developed or financed by Friedland and Ivanhoe Capital include Ivanhoe Energy, Ivanhoe Mines, Diamond Fields Resources, Golden Star Resources, Fairbanks Gold, Cyber City Holdings (a Chinese company establishing high-tech science parks) and SINA.com (a global Internet media company).

Friedland is chairman and acting president of Ivanhoe Mines and deputy chairman of Ivanhoe Energy, which is active in China in partnership with China National Petroleum Corporation through its subsidiary Sunwing Energy Ltd. Friedland was named Developer of the Year in 1996 by the Canadian Prospectors and Developers Association of Canada for his work in establishing and financing international mining and exploration companies, including Diamond Fields, owner and developer of the Voisey’s Bay nickel deposit, which was sold to INCO Limited for CDN $4.3 billion.

The Company is very pleased with the appointment of Friedland. Dragon has entered into an exciting time of growth and development. Friedland brings a wealth of experience to the Company and will undoubtedly be an invaluable addition to the Board of Directors. The entire Board of Directors looks forward to working with Friedland during the years ahead.

The Company also wishes to announce that Jackson Cheng has resigned as a director of the Company to allow for the appointment of Friedland. The Board wishes to thank Cheng for his contributions to the management of the Company.

Dragon Pharmaceuticals, the largest EPO producer in China, is currently a leading biotech company focusing on the research, development, production and marketing of biodrugs throughout China.

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