More Related News about Tiens

In December 2007, Tiens entered into an agreement to
acquire Tianjin Tiens Life Resources Co., Ltd. (Life
Resources), a company which is currently constructing
research and development, manufacturing and logistic
facilities, as well as administrative offices totaling
approximately 420,000 square meters in Tianjin, China.
The facilities are located 7 kilometers from Tiens'
current headquarters in Tianjin. The acquisition
closed on March 13, 2008. Tiens estimates that the
budget for completion of the Life Resources project
will be approximately $220 million, including $64
million already paid to acquire all of the registered
share capital of Life Resources. The Company plans to
move its headquarters to these new facilities upon
completion.

Tiens has developed and produces 33 nutrition
supplement products, which include wellness products
and dietary nutrition supplements. During 2007, the
Company phased out production of its personal care
line of products, which had not been a material part
of its business, to focus on its wellness products and
dietary supplements which offer greater future
opportunities.