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Mindray Issues Statement and to Host a Conference Call to Discuss Recent Stock Volatility
Date:12/13/2013

s for Mindray Medical International Limited (MMIL), our registrant holding company, to consolidated group financial results or (ii) suggests improper accounting treatment or disclosure because standalone MMIL financials were not filed after 2009.
Standalone MMIL financial statements were required in 2009 and prior based on specific SEC rules requiring registrant only financial statements if the consolidated group's restricted net assets exceeded 25% of the group's total net asset.  As the consolidated group's restricted net assets did not exceed such threshold in 2010 and after, these standalone financials were not presented in the subsequent 20Fs

3.
Company Structure and Corporate Governance

Significant efforts were made to improperly discredit Mindray or raise unfounded concerns based on, among other things, Mindray's change in auditors,  purported  increased complexity of Mindray's corporate structure and inordinate management turnover and recent stock sales by company insiders. 

  • Previous Change of Auditor
  • Mindray publicly disclosed in 2008 that it changed its independent accounting firm to PwC from Deloitte and that no disagreement existed with Deloitte at the time of that change.
    Mindray has not changed its auditor since. 

  • Organizational Structure and Management Turnover 
  • Mindray's organizational structure has evolved and grown along with its business. This information is also consistently laid out in the company's public filings. The company's board of directors and management have also remained largely stable. Xu Hang remains chairman of the board after stepping down as co-CEO. Ex-CFOs Joyce Hsu and Ronnie Ede also remain as Mindray directors and Jie Liu continues to serve as the COO. Alex Lung has also been with the company for several years and has served
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    SOURCE Mindray Medical International Limited
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