-- Company to Hold Conference Call on November 11 at 8:00 am ET --

Guangzhou, China, October 22, 2010 – China Medicine Corporation (OTC BB: CHME) (“China Medicine” or “the Company”), a leading manufacturer, developer and distributor of Western pharmaceuticals, traditional Chinese medicines (“TCM”), and other health products, today announced that it plans to release its third quarter 2010 financial results after market close on Wednesday, November 10, 2010.

China Medicine’s management team will hold a conference call on Thursday, November 11 at 8:00 a.m. U.S. Eastern Time following the announcement.  Listeners may access the call by dialing the following numbers:

United States toll free:               1-888-812-8522

International:                             1-913-312-0840

Listeners may access the replay through November 25, 2010 by dialing the following numbers:

United States toll free:              1-877-870-5176

International:                            1-858-384-5517

Password:                               5783274

About China Medicine Corporation

China Medicine Corporation, a vertically integrated enterprise with a research and development centre, manufacturing facility and well established sales network, engages in the production and distribution of prescription and over the counter ("OTC") drugs, traditional Chinese medicine (“TCM”) products, herbs and dietary-supplements, medical devices, and medical formulations in China. The Company is developing a number of proprietary products for a variety of indications, including oncology, high blood pressure and toxin removal from food and animal feeds. For more information, please visit the Company's website at http://www.cmc621.com.

Contact Information

ICR, Inc.

In New York: Ms. Christine Duan: 1-203-682-8200

In Beijing: Ms. Wen Lei Zheng: 86-10-6599-7968

China Medicine Corporation

In Guangzhou: Ms. Gavin Chen: 86-20-8737-2102