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From the Wires
Benda Takes Major Step Toward Qualification for NASDAQ Listing by Establishing Independent Board
Benda Appoints Mr. Charles Mo as Third Independent Director and Chairman of the Audit Committee

By: Marketwire .
Sep. 21, 2007 02:39 PM

HUBEI PROVINCE, CHINA -- (MARKET WIRE) -- 09/21/07 -- Benda Pharmaceutical, Inc. ("Benda" or the "Company") (OTCBB: BPMA), a China-based pharmaceutical company producing traditional Chinese and conventional medicines, as well as Gendicine®, the world's first commercialized gene therapy medicine for the treatment of cancer, announced today that it has appointed Mr. Charles Mo as the third independent director on the Board and Chairman of the Audit Committee, effective September 14, 2007. Mr. Mo's appointment establishes the Benda Board as independent; Benda now satisfies all NASDAQ corporate governance requirements.

Mr. Mo is an American certified public accountant (CPA), licensed to practice in the states of California and New Hampshire. He has over 30 years of experience in public and corporate accounting, finance, governance and operations. He is the founder and general manager of Charles Mo & Co., an executive search firm. He previously served as COO and CFO of Coca-Cola Shanghai and CFO of Nike China. Mr. Mo holds an MBA from California State University, Fullerton. He is fluent in English, Mandarin and Cantonese.

With his extensive experience in public accounting and financial and internal control management, Mr. Mo meets SEC and NASDAQ criteria to serve as the Board's "financial expert." The addition of Mr. Mo creates a five-man Board with a majority of independent directors.

The other independent directors on Benda's Board are John Micek, Managing Director of Silicon Prairie Partners, LP, a Palo Alto, California-based venture fund and Q.Y. Ma, Managing Director of New York-based venture capital firm Time Innovation Ventures. The Benda officers serving on the Board are Mr. Yiqing Wan (CEO) and Mr. Eric Yu (CFO).

"Benda Pharmaceutical is deeply committed to continually improving its corporate governance and fulfilling its corporate responsibilities as a U.S. public company," said Mr. Yiqing Wan, Benda Chairman and CEO. "The appointment of Charles Mo is a major milestone and one essential to that effort. His comprehensive knowledge of internal controls and the U.S. capital markets will help us develop a strong corporate governance and financial reporting system. Benda intends to apply for a NASDAQ Capital Market listing in the very near future and the appointment of Mr. Mo is an indication of our firm commitment to that aim."

About Benda Pharmaceutical, Inc.

Benda Pharmaceutical, Inc. (www.bendapharma.com), a China-based pharmaceutical company, is a pure play on explosive Chinese pharmaceutical spending and the global search for a cancer cure. Benda produces traditional Chinese and conventional medicines, as well as Gendicine®, the world's first commercialized gene therapy medicine for the treatment of cancer.

FORWARD-LOOKING STATEMENTS

The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.

CONTACT:
After Market Support, LLC
Justin Davis
Phone: 1 (888) 221-BPMA (2762)
justin.davis@aftermarketsupport.com

Published Sep. 21, 2007
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