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Mindray Announces Up to $200 Million Share Repurchase Program
Date:11/4/2013

SHENZHEN, China, Nov. 4, 2013 /PRNewswire/ -- Mindray Medical International Limited ("Mindray" or "Company", NYSE: MR), a leading developer, manufacturer and marketer of medical devices worldwide, today announced that its Board of Directors has approved a share repurchase program. The program is authorized to be in effect starting from today and will last through the next nine months.

Under the program, Mindray is authorized to repurchase up to US$200 million worth of its issued and outstanding ordinary American Depositary Shares ("ADSs") on the NYSE Euronext at prevailing market prices from time to time over the next nine months in trades pursuant to a Rule 10b5-1 repurchase plan, or otherwise, in accordance with applicable federal securities laws, including the anti-manipulation provisions of Rule 10b-18, promulgated under the U.S. Securities Exchange Act of 1934, as amended ("Rule 10b-18"). The Company expects to use cash, internally generated funds, and/or bank borrowings to finance the repurchase.

Repurchases will be made at management's discretion, subject to restrictions on price, volume, and timing. The timing and extent of any purchases will depend upon market conditions and the trading price of its ADSs, as well as other factors. The repurchase program does not obligate Mindray to make repurchases at any specific time or situation. Mindray's Board will periodically review the share repurchase program and may authorize adjustments to the program's terms and size. The share repurchase program may also be suspended or discontinued at any time.

"Mindray is always committed to bringing values to our stockholders and we view this buyback program as a proper way to deliver value to them," said Mr. Li Xiting, Mindray's President and Co-Chief Executive Officer. "We are confident in executing our corporate strategy and attainin
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SOURCE Mindray Medical International Limited
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