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Mindray Announces Second Quarter 2011 Financial Results
Date:8/8/2011

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As of June 30, 2011, the company had approximately 6,560 employees.

Subsequent EventsOn July 26, 2011, Mindray and certain Datascope entities entered into a binding letter of intent (the "LOI"), pursuant to which Mindray will make a one-time payment of $7.0 million to Datascope following execution of a final agreement and will acquire all right, title and interest in certain trademarks, service marks and names (the "Obtained Marks"). Mindray will grant Datascope an exclusive 20-year license to use certain of the Obtained Marks in certain circumstances. Pursuant to the LOI, the parties will settle disputes arising out of Mindray's 2008 acquisition of Datascope's patient monitoring business. Both parties have agreed to negotiate in good faith a final agreement incorporating the LOI terms.

Appointment of Chief Financial OfficerMindray has appointed Mr. Alex Lung as Chief Financial Officer ("CFO") of the company effective as of August 10, 2011, succeeding Mr. Jie Liu. Mr. Liu will step down from the role of CFO and will remain with Mindray as Chief Operating Officer. He will act in an advisory capacity to Mr. Lung to ensure an orderly transition. Ms. May Li will continue to support the new CFO in her capacity as Deputy CFO.

Mr. Lung has served as Deputy CFO of Mindray since March 2011. He served as Group Finance Director of Mindray from June 2009 to March 2011. Prior to joining Mindray, he held a position as Corporate Controller of ASAT Holdings Limited, and as Finance Manager of Clipsal Asia Holdings Limited, a subsidiary of Schneider Electric. Mr. Lung has 10 years of professional experience at KPMG engaged in auditing, corporate finance and management consulting. Mr. Lung graduated from Imperial College, London, UK with a bachelor's degree in Mechanical Engineering. He is also an associate member of City & Guilds and a fellow member of the UK Association of Chartered Certified Accountant.'/>"/>

SOURCE Mindray Medical International Limited
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