Synutra Receives Public Apology from Phoenix TV

Synutra International, Inc. SYUT today announced that the Company has received a formal public apology from Phoenix Satellite Television Holdings Limited for promulgating false claims against Synutra. The on-air apology, delivered on the same program as were the false claims, resolves the previously reported legal actions brought by Synutra against Phoenix TV and its subsidiary, Beijing Tianying Jiuzhou Network Technology Co. Ltd, the operating company of the website ifeng.com.