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Golden Meditech Announces Interim Results of FY2009/10
Date:12/17/2009

HONG KONG, Dec. 17 /PRNewswire-Asia/ -- China's leading high-tech healthcare group, Golden Meditech Company Limited ("Golden Meditech" or "the Group"; Stock Code: 801) is pleased to announce today the interim results for Financial Year 2009/10. During the period under review, the Group's two associate companies made their debut on the New York Stock Exchange and NASDAQ; its key businesses have been strengthened, with maiden revenue and profit contributions from its new hospital management operations.

Mr. KAM Yuen, Chairman and CEO of Golden Meditech, emphasized that the two associate companies, China Cord Blood Corporation (NYSE: CO) and FunTalk China Holdings Limited (Nasdaq: FTLK), are recognized leaders in their fields with leading market shares. Their listings in the U.S. will not only attract investor interest in these companies, but also unlock shareholder value and generate significant returns for our shareholders.

Based on their offering prices, Golden Meditech's holding of these two firms is valued at US$281 million.

Mr. KAM explained that the Group decided to spin off these two entities to fulfill a commitment to shareholders. "These are also vivid examples of our successful investments and expansion strategies in the China market," said Mr. KAM.

During the first half of this year, the Group's medical device segment promoted its two new products in China. Meanwhile, it also reached an agreement to partner with Fenwal Inc., a global leader of blood transfusion technology, to jointly explore business opportunities in China's blood collection and transfusion market.

At the same time, the Group pushed ahead to develop its hospital management bus
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SOURCE Golden Meditech Company Limited
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