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Golden Meditech Donates HKD 4 Million to Earthquake Victims

HONG KONG, May 19 /Xinhua-PRNewswire/ -- Golden Meditech Company Limited (8180.HK) ("Golden Meditech" or the "Company") announced today that it has donated a total of HKD 4 million to the Red Cross Society of China (inter alia, HKD 1 million cash and HKD 3 million worth of much needed medical device) to help those victims in one of the worst known earthquake in China's history, which devastated Wenchuan County and its neighboring areas in Southwest China's Sichuan Province on May 12.

The Company is also committed to donate an earthquake-proof "Project Hope" primary school as part of the regional reconstruction program, according to KAM Yuen, Chairman of Golden Meditech.

Mr. KAM said that the in addition to the committed cash and medical equipment -- Autologous Blood Recovery System (ABRS) today, the company has also dispatched a team of 10 employees to the earthquake-jolted areas to assist local hospitals to operate our donated ABRS medical device. He said that 3 of his 10 employees have arrived in those areas and have been actively providing training and assisting local doctors and nurses to operate the ABRS systems in operations for those earthquake victims, who have to go through major operations to save their own lives.

He said that the ABRS system not only collects, purifies and recycles the patients' own blood lost during major surgical operations, and but also alleviates pressure on already strained blood supply in Sichuan Province because of the natural disaster. Mr. Kam also highlights that the ABRS lowers the patients' risks of blood contaminations and immune system rejection that might arise from homologous blood transfusions.

Mr. KAM said that being a responsible public healthcare company, Golden Meditech will continue to support the disaster reliefs and is committed to donate an earthquake-proof "Project Hope" primary school to help students back to school as part of the reconstruction programs in those regions.

He further explained that the donations today don't include those already made to other organizations by his employees nationwide, and the earthquake bears no impacts on the operation of the company.

Golden Meditech: Founded in 2000 and listed on the Growth Enterprise Market of the Stock Exchange of Hong Kong Limited in December 2001, Golden Meditech is the first hi-tech medical device enterprise that went public outside of the PRC. During the past few years, thanks to its great efforts in innovation and market expansion, as well as its first-mover abilities in capturing the emerging market opportunities, Golden Meditech's medical device, cord blood banking services and Chinese herbal medicine have all established dominant positions in each of its own sectors. Going forward, Golden Meditech will continue its pursuit of becoming China's leading integrated medical group through organic growth, acquisition and strategic investment.

For enquiries, please contact the investor relations department of Golden Meditech Company Limited.

Dennis Haikuan Lu

Telephone: +852-3605-8138

Facsimile: +852-3605-8181


SOURCE Golden Meditech Company Limited
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