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Golden Meditech FY2011-12 Interim Results
Date:11/30/2011

to the previous year, contributing HK$29,728,000 to the Group during the interim period.  CCBC is already progressing toward establishing its third stem cell cord blood bank facility in Zhejiang Province, after Beijing and Guangdong.  In consideration of its excellent earnings potential and the low market capitalisation, the Group has increased its stake in CCBC to 41% as of this announcement date.

We are delighted to report that GM-Medicare, our medical insurance administration business, commenced operation during the review period with positive feedback from the market, substantiating our initial strategy to serve as the missing-link between multiple stakeholders in the medical insurance market in China.  

Medical Devices SegmentFor the relevant interim period, Medical Devices Segment, which constitutes the Group's own-branded blood-related medical devices manufacturing and distribution business and a stake in China Medical National Equipment Industry Corp. ("CMIC"), remained as the largest source of revenue, contributing HK$131,894,000 that is equivalent to 63% of the Group's total turnover.  The segment has benefited from the increase in medical devices accessories sales which accounted for 38% of the revenues for Medical Devices segment, the segment reported 6% growth.

Strategic Investment ProjectsThe Group also disposed 2% of the shares of the previously NASDAQ-listed FunTalk China Holdings Limited for US$15 million, realizing an unaudited gain of HK$34,653,000 following the privatisation in August 2011, with an implied value of the entire company at US$430 million.  The Group held 19.8% of the company as of 30 September 2011.  FunTalk China contributed HK$40,094,000 to the Group's net profit as an associate company for the interim reporting period, representing 5% increase from the previous year in spite of the decrease in our shareholding during the period.

Outlook and StrategiesMr.
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