**UNITED STATES        SECURITIES AND EXCHANGE COMMISSION        Washington, DC 20549**

**Form 10-K****/A**

**(Amendment No. 1****)**

x**ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

For the fiscal year ended: December 31, 2008

o **TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934** 

For the transition period from ______________ to _____________

Commission file number: 000-29523

| **China Pharma Holdings, Inc.**                        |
|--------------------------------------------------------|
| (Exact name of registrant as specified in its charter) |
|                                                   |

| **Delaware**                   |   | **73-1564807**             |
|--------------------------------|--------|----------------------------|
| (State or other jurisdiction   |   | (I.R.S. Employer I.D. No.) |
| incorporation or organization) |   |                       |

| **2nd Floor, No. 17, Jinpan Road, Haikou, Hainan Province, China  570216** |
|---------------------------------------------------------------------------------|
| (Address of principal executive offices, including Zip Code)                    |

| 0086-898-66811730 (China)             |
|---------------------------------------|
| (Registrant’s telephone number) |

Securities registered under Section 12(b) of the Exchange Act: **None**

Securities registered under Section 12(g) of the Exchange Act: 

**Common stock, $0.001 par value**

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Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes o No x

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes o No x                 Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes x No o

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this        Form 10-K. x

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of “accelerated filer and large accelerated filer” in Rule 12b-2 of the Exchange Act. (Check one):         

| Large accelerated filer o | Accelerated filer o              |
|---------------------------|----------------------------------|
| Non-accelerated filer o   | Smaller Reporting Company x |

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes o No x

The issuer's revenue for the fiscal year ended December 31, 2008 was $50,968,660. 

The number of shares and aggregate market value of common stock held by non-affiliates as of the last business day of the registrant’s most recently completed second fiscal quarter was 16,524,921 and $33,380,340.42, respectively. Shares of common stock held by any executive officer or director of the issuer and any person who beneficially        owns 5% or more of the outstanding common stock have been excluded from this computation because such persons may be deemed to be affiliates. This determination of affiliate status is not a conclusive determination for other purpose.

As of March 12, 2008, there were 42,278,938 shares of Common Stock issued and outstanding.

**DOCUMENT INCORPORATED BY REFERENCE****:** None.

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**EXPLANATORY NOTE**

The registrant filed a Form 10-K on March 17, 2009.   The registrant is filing this Amendment No. 1 to Form 10-K with the SEC: 1) to amend Item 9A-Controls and Procedures; and 2) to amend Exhibits 10.7 and 10.8 due to some translation mistakes in those exhibits of the original Form        10-K.

In addition, we are also including a currently-dated Sarbanes Oxley Act Section 302 and Section 906 certifications of the Chief Executive Officer and Chief Financial Officer that are attached to this Amendment as Exhibits 31.1, 31.2, 32.1and 32.2.

Except as set forth below, this Form 10-K/A does not modify, amend or update in any way any other items or disclosure in the Form 10-K. This Form 10-K/A continues to speak as of the date of the original Form 10-K and other than as specifically reflected in the Form 10-K/A does not reflect events        occurring after the filing of the original Form 10-K.

**Part II**

**Item****9****A - Controls and Procedures**

We maintain disclosure controls and procedures designed to ensure that information required to be disclosed in our filings under the Securities Exchange Act of 1934 is (1) recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms and (2) accumulated        and communicated to management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure.                 As required by Rule 13a-15 under the Exchange Act, as of the end of the fiscal year covered by this Annual Report on Form 10-K, we have carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures. This evaluation was carried out under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer. Based upon that evaluation, our Chief Executive Officer and Chief        Financial Officer concluded that our disclosure controls and procedures are effective at December 31, 2008.                 There have been no changes in our internal controls over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) that occurred during the fourth quarter of fiscal 2008 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

**Management's Report on Internal Control over Financial Reporting**

Our management is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Exchange Act Rule 13a-15(f)).  Under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, we conducted an evaluation of our internal        control over financial reporting as of December 31, 2008, based on the framework in Internal Control Integrated Framework issued by the Committee of Sponsoring Organizations (COSO) of the Treadway Commission.  Based on our evaluation under the framework in Internal Control – Integrated Framework, management concluded that our internal control over financial reporting was effective as of December 31, 2008.

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Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Therefore, even those systems determined to be effective can provide only reasonable assurance with respect to financial statement preparation and presentation.                 This Annual Report on Form 10-K does not include an attestation report of our independent registered public accounting firm regarding internal control over financial reporting.  Management’s report was not subject to attestation by our independent registered public accounting firm pursuant to temporary rules of the Securities and Exchange Commission that permit us to provide only management’s report in this Annual Report on Form 10-K.

A significant deficiency is a deficiency, or a combination of deficiencies, in internal control over financial reporting that is less severe than a material weakness, yet important enough to merit attention by those responsible for oversight of the company's financial reporting.

        The management's assessment of internal controls over financial reporting was not subject to auditor attestation as of December, 31 2008 pursuant to temporary rules of the Securities and Exchange Commission. Accordingly, this Annual Report does not include an attestation report by our independent registered public accounting firm regarding internal control over financial reporting.

**Changes in Internal Controls over Financial Reporting**

        There have been changes in our internal control over financial reporting identified in connection with the evaluation required by paragraph (d) of Rule 13a-15 or 15d-15 promulgated under the Exchange Act that occurred during the last fiscal quarter ended December 31, 2008 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.        The changes to our internal controls over financial reporting are as follows:

|  |  • |   | We have a functioning audit committee                                                   |   |   |
|--|--------------|--------|-----------------------------------------------------------------------------------------|--------|--------|
|  |  • |   | We have hired internal auditors, but not a fully-implemented internal audit department. |   |   |
|  |  • |   | We have hired an SEC reporting consultant with expertise in US GAAP.                    |   |   |

**Part IV**

**Item 1****5****-****Exhibits****and Financial Statement Schedules**

| Exhibit No. | Description                                                                                                                                                                           |
|-------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 2.1         | Securities Exchange Agreement by and among Onny Investment Limited dated October 19, 2005. (incorporated by reference tothe registration statementon FormSB-2filed onOctober 20,2005) |
| 3.1         | Memorandum and Articles of Association.(incorporated by reference tothe registration statementon FormSB-2filed onDecember 23, 2005, as amended)                                       |
| 3.2         | Articles of Association ofHelpson Medical & Biotechnology Co., Ltd.(incorporated by reference tothe registration statementon FormSB-2filed onOctober 20,2005)                     |

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| 3.3   | Amended and Restated Bylaws (incorporated by reference toour report on Form PRE 14C filled on June 27, 2008)                                                                                                    |
|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.1  | Stock Purchase Agreement by and among Halter Financial Group Inc. dated May 11, 2005 filed on May 11, 2005. (incorporated by reference to our current report on Form 8-K filed onMay 11, 2005)                  |
| 10.2  | Subscription Agreement by and among Onny Investment Limited stockholders. (incorporated by reference tothe registration statementon FormSB-2filed onOctober 20,2005)                                            |
| 10.3  | Employment Contractbetween Helpson andZhilin Lidated July 1, 2005. (incorporated by reference to thequarterlyreport on Form 10-QSBfiledonNovember 16,                    2006)                                  |
| 10.4  | Employment Contractbetween Helpson andXinhua Wudated July 1, 2005. (incorporated by reference to thequarterlyreport on Form 10-QSBfiledonNovember 16,                    2006)                                  |
| 10.5  | Employment Contractbetween Helpson andJian Yangdated July 1, 2005 (incorporated by reference to thequarterlyreport on Form 10-QSBfiledonNovember 16,                    2006)                                   |
| 10.6  | Engagement Letter ofGene Micheal Bennett                                                                                                                                                                        |
| 10.7* | Engagement Letter ofYingwen Zhang                                                                                                                                                                               |
| 10.8* | Engagement Letter of Baowen Dong                                                                                                                                                                                |
| 10.9  | Subscription and Registration Rights Agreement among China Pharma Holdings, Inc.and 17 investors(incorporated by reference to our current report on Form 8-K filedonFebruary 6, 2007)                           |
| 10.10 | Form of Warrant(incorporated by reference to our current report on Form 8-K filedonFebruary 6, 2007)                                                                                                            |
| 10.11 | Securities Purchase Agreement, dated May 27, 2008, by and among China Pharma Holding, Inc. andtheinvestors(incorporated by reference to our current report on                    Form 8-K filedon May 28, 2008) |
| 10.12 | Registration Rights Agreement, dated May 27, 20008, by and among China Pharma Holding, Inc. and theinvestors(incorporated by reference to our current report on Form 8-K filedon May 28, 2008)                  |
| 10.13 | Form of Warrant, dated May27, 2008(incorporated by reference to our current report on Form 8-K filedon May 28, 2008)                                                                                            |
| 10.14 | Form of Warrant issued toRoth Capital Partners, LLC, dated May 30, 2008                                                                                                                                         |
| 10.15 | Forms of Warrant issued to FirsTrust Group Inc., dated June 24, 2008(incorporated by reference to our current report on Form 8-K filedon June27, 2008)                                                          |
| 10.16 | Formsof Warrant issued toHayden Communications International, Inc., dated June 24, 2008(incorporated by                    reference to our current report on Form 8-K filedon June27, 2008)                    |
| 10.17 | Forms of WarrantissuedtoHayden Communications International, Inc., dated December 24, 2008 (incorporated by reference to our current report on Form 8-K                    filedon December 29, 2008)           |
| 10.18 | Supply Contract entered into betweenHainanHelpson Medical & Biotechnology Co., Ltd.andHainan Xinxin                    Biotechnology Co., Ltd.                                                              |
| 10.19 | Supply Contract entered into betweenHainanHelpson Medical & Biotechnology Co., Ltd.andAnhui Fuyang                    XintePharmaceutical Company                                                           |

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| 10.20  | Sales Contract entered into betweenHelpson Medical & Biotechnology Co., Ltd.andHainanXinglin                    MedicineCompany                                                                                                                                                               |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.21* | Sales Contract entered into betweenHainanHelpson Medical & Biotechnology Co., Ltd.and Anhui Fuyang XintePharmaceutical Company                                                                                                                                                                |
| 10.22  | Lease Agreement entered intobetweenHelpson Medical & Biotechnology Co., Ltd.and Hainan Zhongfu Going-abroad Personnel Service Center, and Housing Rent                    Adjustment Notice (incorporated by reference to thequarterlyreport on Form 10-KSBfiledonMarch 12, 2009, as amended) |
| 14.1   | Code of Business Conduct and Ethics(incorporated by reference tothe registration statementon FormS-1filed onJuly 11, 2008)                                                                                                                                                                        |
| 16.1   | Letter regarding Change intheCertifiedAccountant dated August 15, 2005. (incorporated by reference to our                    current report on Form 8-K filed onAugust 18, 2005)                                                                                                                  |
| 21     | Subsidiaries ofChina Pharma Holdings, Inc. filed on October 20, 2005. (incorporated by reference tothe registration statementon FormSB-2filed onDecember 23, 2005, as amended)                                                                                                                    |
| 31.1*  | Certification of Chief Executive Officer pursuant to Rule 13a-14 and Rule 15d-14(a) of the Exchange Act.                                                                                                                                                                                          |
| 31.2*  | Certification of Chief Financial Officer pursuant to Rule 13a-14 and Rule 15d-14(a) of the Exchange Act.                                                                                                                                                                                          |
| 32.1*  | Certification of the Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                                                                                                                                            |
| 32.2*  | Certification of the Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                                                                                                                                            |
| 99.1   | Audit Committee Charter                                                                                                                                                                                                                                                                           |

*Filed herewithin

 

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**SIGNATURES**

In accordance with Section 13 or 15(d) of the Securities Act of 1933, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.

|                      |        | **China Pharma Holdings, Inc.** |                                                        |        |
|----------------------|--------|---------------------------------|--------------------------------------------------------|--------|
|                      |   |                                 |                                                   |        |  |
| Dated: June 24, 2009 |   |                            | By: /s/ Zhilin Li                                      |   |   |
|                      |   |                            | Zhilin Li,                                        |   |
|                      |   |                            | Director, Chief Executive Officer, and President  |   |

| Dated: June 24, 2009                                                                                                                                                                                               |   |   | By: /s/ Zhilin Li                                |   |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------------------------------------------------|--------|--------|
|                                                                                                                                                                                                                    |   |   | Zhilin Li,                                       |   |   |
|                                     |   |   | Director, Chief Executive Officer, and President |        |
|                                                                                                                                                                                                               |        |        |                                                  |        |        |
| Dated: June 24, 2009                                                                                                                                                                                               |   |   | By: /s/ Frank Waung                              |   |   |
|                                                                                                                                                                                                                    |   |   | Frank Waung                                      |   |   |
|                                                                                                                                                                                                                    |   |   | Chief Financial Officer                     |   |
|                                                                                                                                                                                                               |        |        |                                                  |        |        |
| Dated: June 24, 2009                                                                                                                                                                                               |   |   | By: /s/ Gene Michael Bennett                     |   |   |
|                                                                                                                                                                                                                    |   |   | Gene Michael Bennett,                            |   |   |
|                                                                                                                                                                                                                    |   |   | Director                                         |   |   |
|                                                                                                                                                                                                               |        |        |                                                  |        |        |
| Dated: June 24, 2009                                                                                                                                                                                               |   |   | By: /s/ Yingwen Zhang                            |   |   |
|                                                                                                                                                                                                                    |   |   | Yingwen Zhang,                                   |   |   |
|                                                                                                                                                                                                                    |   |   | Director                                         |   |   |
|                                                                                                                                                                                                               |        |        |                                                  |        |        |
| Dated: June 24, 2009                                                                                                                                                                                               |   |   | By: /s/ Baowen Dong                              |   |   |
|                                                                                                                                                                                                                    |   |   | Baowen Dong,                                     |   |   |
|                                                                                                                                                                                                                    |   |   | Director                                         |   |   |

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