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Winner Medical to Benefit From the Increase of Tax Rebate Rate for Exports From China
Date:6/19/2009

SHENZHEN, China, June 19 /PRNewswire-Asia/ -- On June 3, 2009, the Chinese State Ministry of Finance and State Ministry of Taxation announced that as of June 1, 2009, the tax rebate rate for exports of medical dressing and related products would be increased by two (2) percent. As a leading exporter of medical dressing products in China, Winner Medical Group Inc. (OTC Bulletin Board: WMDG; "Winner Medical", or the "Company") will greatly benefit from this policy to reduce its cost and increase its profit.

This Government action would support the medical dressing industry in China, reduce the exporters' cost, and increase their price competitiveness in the global market. It is also a national plan that the Government will allocate funds to support the exporters to upgrade technology and develop domestic brands.

During the first six months of fiscal year 2009, approximately 86% of the Company's revenue was attributed to export sales. Effective from June 1, 2009, the tax rebate rate for exports of all the Company's medical dressing products, and also some types of medical equipment will increase from 13% to 15%; the tax rebate rate for exports of the Company's plastic and glass products will increase from 11% to 13%.

About Winner Medical

Winner Medical is a leading manufacturer in the medical dressing industry (medical and wound care products) in China. Headquartered in Shenzhen, the Company has eight wholly-owned manufacturing and distribution facilities, four joint-venture factories and over 5,000 employees. The Company engages in the manufacture, sale, research, and development of medical care products, wound care products, home care products and PurCotton products, a nonwoven fabric made from 100% natural cotton. The products are sold worldwide, with Europe, the U.S. and Japan serving as the top three markets. The Company currently holds 50 patents and patent applications in
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SOURCE Winner Medical Group Inc.
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