On June 29, 2012, Aoxing Pharmaceutical Company, Inc. (the "Company") held its annual shareholder meeting. The shareholders approved the following proposals:

Proposal 1 - Election of Directors. The shareholders elected Zhenjiang Yue, Jun Min, John P. O'Shea, Guozhu Xu and Yang Li as directors to hold office until the next annual meeting of shareholders and until their successors are duly elected. A summary of votes cast follows below:

Nominee             Votes for      Votes Withheld       Broker Non-Votes

Zhenjiang Yue      31,789,173              28,696              3,012,912
Jun Min            31,789,173              28,696              3,012,912
John P. O'Shea     31,775,478              42,391              3,012,012
Guozhu Xu          31,789,212              28,657              3,012,012
Yang Li            31,789,212              28,657              3,012,912

Proposal 2 - To ratify the appointment of BDO China Dahua CPA Co., Ltd. as independent registered public accounting firm of the Company for the fiscal year ending June 30, 2012. This proposal was approved with 34,753,444 shares voting for and 32,843 shares voting against it (with 44,494 abstaining votes).