China SXT Pharmaceuticals, Inc. Announces Effectiveness of Registration Statement on Form F-1 and Pricing the Initial Public Offering of its Ordinary Shares at $4.00 per Share

Saturday, September 29, 2018 Drug News
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TAIZHOU, China, Sept. 28, 2018 /PRNewswire/ -- China SXT Pharmaceuticals, Inc. (the "Company"), a specialty pharmaceutical

company focusing on the research, development, manufacture, marketing and sales of Traditional Chinese Medicine Pieces ("TCMPs") , today announced that  its registration statement on Form F-1, relating to a proposed initial public offering ("IPO") of
its ordinary shares, par value $0.001 per share, for gross proceeds of up to $16,500,000 (including full exercise of the over-subscription option), has been declared effective with the U.S. Securities and Exchange Commission ("SEC"). The Company expects to offer a minimum of 2,500,000 and a maximum of 3,750,000 (or 4,125,000 with full exercise of the over subscription option) shares at a price of $4.00 per share. The Company has applied to list its ordinary shares on The NASDAQ Capital Market under ticker symbol "SXTC".

The offering will be sold on a best efforts basis. Boustead Securities, LLC will act as the sole underwriter for the IPO.

The offering of these securities will be made only by means of a prospectus, forming a part of the registration statement. A copy of the final prospectus relating to the offering may be obtained by contacting Boustead Securities, LLC, email: offerings@boustead1828.com or by calling +1 (949) 502-4409 or standard mail at Boustead Securities, LLC, Attn: Equity Capital Markets, 6 Venture, Suite 265, Irvine, CA 92618, USA.  In addition, a copy of the final prospectus relating to the offering may be obtained via the SEC's website at www.sec.gov.

This press release shall not constitute an offer to sell, or the solicitation of an offer to buy any of the Company's securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any sale of such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About China SXT Pharmaceuticals, Inc.

Incorporated in 2005 and headquartered in Taizhou City, Jiangsu Province, China, China SXT Pharmaceuticals, Inc. is an innovative pharmaceutical company focusing on the research, development, manufacture, marketing and sales of traditional Chinese medicine pieces, which is a type of Traditional Chinese Medicine that has been processed to be ready for use. For more information, please visit www.sxtchina.com.

About Boustead Securities, LLC

Boustead Securities, LLC ("Boustead") is an investment banking firm that executes and advises on IPOs, mergers and acquisitions, capital raises and restructuring assignments in a wide array of industries, geographies and transactions, for a broad client base. Boustead's core value proposition is the ability to create opportunity through innovative solutions and tenacious execution. With experienced professionals in the United States and around the world, Boustead's team moves quickly and provides a broad spectrum of sophisticated financial advice and services. For more information, visit www.boustead1828.com.

Safe Harbor Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Specifically, the Company's statements regarding trading on the NASDAQ Capital Market and closing the IPO are forward-looking statements.  Forward-looking statements are not guarantee of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following:  the Company's goals and strategies; the Company's future business development; product and service demand and acceptance; changes in technology; the growth of the pharmaceutical market, particularly the Traditional Chinese Medicine Pieces ("TCMPs") market, in China; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and the  international markets the Company serves and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission.  For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward?looking statements to reflect events or circumstances that arise after the date hereof.

For more information, please contact:

At the Company:Alex Shi, CFOEmail: ir@sxtchina.com Phone: +86-139-5110-0456

Boustead Securities, LLCDan McClory, Managing Director and Head of Equity Capital MarketsEmail: dan@boustead1828.com Phone: +1-949-502-4408

Investor Relations:Tony Tian, CFA          Email: ttian@weitianco.com Phone: +1-732-910-9692

Cision View original content:http://www.prnewswire.com/news-releases/china-sxt-pharmaceuticals-inc-announces-effectiveness-of-registration-statement-on-form-f-1-and-pricing-the-initial-public-offering-of-its-ordinary-shares-at-4-00-per-share-300721043.html

SOURCE China SXT Pharmaceuticals, Inc.



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