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Golden Meditech FY2010-11 Annual Results
Date:6/30/2011

nt of Beijing Daopei Hospital to 500, to alleviate the hospital admission waiting list, and expedite growth of the haematology hospital.  On the other hand, the Group will leverage the acquisition of Shanghai East International Medical Center to enter into premium healthcare services market, creating a solid foundation for the future development of the Group's hospital management operations.

As another key focus in Golden Meditech's healthcare services segment, the Group's associate company, China Cord Blood Corporation (CCBC), is the largest specialized cord blood stem cell storage operator in China.  CCBC has obtained three of the seven exclusive licenses for provincial or municipal operation, and a minority stake in the fourth operator.  Its total turnover increased by 29.8% during the reporting period at US$51.9million (approximately HK$400million).  In view of CCBC's positive outlook and strong management team, the Group has increased its shareholding in CCBC to 39.5%.  GM Medicare, the Group's medical insurance information management service provider, has reported significant breakthrough in the construction of IT infrastructure, paving way for full launch of operation within the year.

He reiterated that the blood-related medical devices business has brought about impressive revenue and profit for the Group, while the joint venture with Fenwal Inc., will also be finalized within the year.  On the other hand, demand driven growth resulting from nation-wide surgical blood shortage will also enable the penetration into second tier hospitals in China.

In January 2011, the Group has successfully listed its shares on the Taiwan Stock Exchange, enabling the Group to become the first healthcare enterprise to have a tripartite business platform between the "two shores and three locations." This will enable the Group to expand its presence in the Greater China market and leverage its resources and regional advantage, g
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SOURCE Golden Meditech Holdings Limited
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