Aoxing Pharmaceutical Company, Inc. Receives Audit Opinion with Going Concern Qualification

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FOSTER CITY, CA / ACCESSWIRE / October 10, 2016 / Aoxing Pharmaceutical Company, Inc. (NYSE MKT:AXN), a specialty pharmaceutical company focusing on research, development, manufacturing, and distribution of narcotic, pain-management and addiction treatment pharmaceuticals, today announced that its audited consolidated financial statements for the fiscal year ended June 30, 2016, included in the Company's Annual Report on Form 10-K, which was filed on October 5, 2016 with the Securities and Exchange Commission, contain an audit opinion from its independent registered public accounting firm that includes a going concern qualification.

This announcement is made pursuant to NYSE MKT Company Guide Section 610(b), which requires separate disclosure of receipt of an audit opinion containing a going concern qualification.

CONTACT:

Aoxing Pharmaceutical Company:
646-367-1747
investor.relations@aoxingpharma.com

SOURCE: Aoxing Pharmaceutical Company, Inc.

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