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Winner Medical Reports Third Quarter Fiscal 2012 Results
Date:8/9/2012

ended June 30, 2012 as compared with restricted cash of approximately US$194,000 for the nine months ended June 30, 2011. This change in restricted bank deposits was mainly driven by the withdrawal of approximately US$1.6 million registered capital for Shenzhen PurCotton E-Commerce Co., Ltd., which was deposited during the same period of last year.

Operational UpdatesManufacturing linesThe Company purchased two PurCotton® baby diaper manufacturing lines in 2011, with the expectation that they would start trial production in February 2012. However, after sample production and market testing, the Company found that the manufacturing lines needed minor adjustments to meet the Company's stringent quality requirements. These lines started trial production in July 2012 and the Company estimates that commercial production will begin in August 2012. In addition, in July 2012, the Company started to install two new PurCotton jumbo roll manufacturing lines, which were purchased in December 2011. The Company estimates that these lines will begin commercial production in the first quarter of fiscal 2013.

As part of the expansion of its production capacity for medical products, and in light of the high cost of labor in Shenzhen where the Company is headquartered, the Company plans to relocate some of its manufacturing operations to inland cities in the PRC where the cost of labor is lower. The Company's wholly-owned subsidiary, Winner Medical & Textile Ltd. Chongyang ("Winner Chongyang"), is currently building two workshops, an administrative office, a canteen and a dormitory in Chongyang, Hubei province, to facilitate this production expansion and relocation. The Company expects that these buildings will be completed by the end of December 2012, and will begin manufacturing operations following completion in early 2013.

PurCotton® Retail BusinessAs of August 9, 2012, Winner Medical owned and operated 48 PurCotton® br
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SOURCE Winner Medical Group Inc.
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