An unknown buyer entered into an agreement to acquire 35% stake in Shanghai Celgen Bio-Pharmaceutical Co., Ltd. from Simcere Pharmaceutical Group. (NYSE:SCR) for approximately CNY 300 million on January 15, 2013. The transaction is subject to certain closing conditions.

Carly Westerman, Yue Yu and Joseph Lo Chi-Lun of Brunswick Group LLC acted as PR advisors to Simcere Pharmaceutical.