GFR PHARMACEUTICALS

GFR Pharmaceuticals, Inc. leases diagnostic imaging medical equipments to hospitals in the People's Republic of China. The company, through New Century, provides consulting services of chemical technology investment, investment and management of technical project, natural extract, development, production and sales of purification chemicals (except food, medicine, danger goods, poisonous production), research, production and sales of chemical facility, agent service (except sales of medicine and ... medical facility), commercial consulting service and property management. With the cooperative relationship with the hospitals in China, New Century also provides therapy equipment and the overall service to tumor sufferers. The company has four sets of medical facility, including Masep Srrs Gamma Rays Stereotactic Radiation Therapy System for Heads, Gamma Rays Stereotactic Radiation Therapy, System Philips Pet System, and Canadian Cyclotron System. New Century set up a professional medical Web site to offer online consultant and three service centers for body check and medical treatment. Acquisitions In October 2006, the company acquired 100% of Xi'an Hua Long Yu Tian Ke Ji Shi Ye Co., Ltd. (Hua Long). Hua Long acts as the holding company of New Century Scientific Investment, Ltd. (New Century). In December 2006, the company acquired, through Hua Long, 95% of New Century Scientific Investment, Ltd. (New Century). History GFR Pharmaceuticals, Inc. was founded in 2001.

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