Town Health and Ping An Insurance (Group) Company of China, Ltd. Join Forces to Develop and Manage Clinic Chain in Pearl River ...(derPing An Trust to convert into new sha...),Health

Date:4/9/2008

der, Ping An Trust, to convert into new shares with the dilution events. With the anti-dilution mechanism, the Group shall grant further options to Ping An Trust at new subscription price to subscribe for additional shares equal to 20% of the new shares issued or issuable under the dilution events, minus one share at an exercise price equal to the relevant issue price/conversion price under the dilution events.

If Ping An Group exercises all call options, Ping An Group may become the second largest shareholder of Town Heath.

About Town Health International Holdings Co. Ltd (SEHK: 8138)

Town Health provides a wide spectrum of one-stop healthcare services as well as other healthcare services and products. In Hong Kong, the Group boasts a network of approximately 100 "Town Health Centres", providing a full range of medical services including outpatient services, dental services, specialist clinical services and paramedical services. In Mainland China, Town Health offers services ranging from dental and medical hospital to the distribution of cardiac-related surgical equipment. Around the world, Town Health is also committed to managing and operating cosmetic dermatology clinic chains, and men's healthcare clinics. Town Health is one of the largest medical services groups and the first listed healthcare company by itself through IPO (Initial Public Offering) in Hong Kong. The Group completed a successful listing on the GEM Board of the Stock Exchange of Hong Kong Limited in 2000. Town Health has been added to Morgan Stanley Capital International (MSCI) Hong Kong Small Cap Index Series in 2007.

The Group also actively invests in healthcare-related business. Hong Kong Health Check and Laboratory Holdings Company Limited (SEHK: 397) is the only listed healthcare company in Hong Kong that specializes in health check and medical diagnostic services. In February 2008, the Company announced its establishment of its wholly owned subsidiary in Guangdo
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SOURCE Town Health International Holdings Co. Ltd. Copyright©2008 PR Newswire. All rights reserved

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