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Winner Medical's Special Committee Appoints Independent Financial Advisor and Retains Legal Counsel
Date:4/20/2012

SHENZHEN, China, April 20, 2012 /PRNewswire-Asia/ -- Winner Medical Group Inc. (Nasdaq: WWIN) ("Winner Medical" or the "Company") today announced that a special committee of the Company's board of directors (the "Special Committee") has appointed William Blair & Company, L.L.C. as its independent financial advisor.  Cleary Gottlieb Steen & Hamilton, L.L.P. has been retained as the Special Committee's legal counsel.

As previously announced, the Company's board of directors formed the Special Committee to review and evaluate the April 1, 2012 non-binding proposal from its chairman and chief executive officer, Mr. Jianquan Li, to acquire all of the outstanding shares of the Company's common stock not currently owned by him and his wife, Ms. Ping Tse. The Special Committee is considering Mr. Li's proposal as well as the Company's other alternatives. There can be no assurance that the Special Committee will recommend Mr. Li's proposal, nor can there be any assurance as to when, if ever, or on what terms any alternative transaction will be consummated.

About Winner MedicalWinner Medical is a leading China-based exporter and retailer of high-quality medical dressings and consumer products made from 100% cotton, according to industry trade association statistics. The Company has fourteen wholly-owned subsidiaries and four joint ventures, which manufacture and sell tailored medical dressings and disposables, as well as non-woven fabric made from natural cotton. With a vertically integrated supply chain ranging from spinning fabric to finished goods, the Company provides its customers with a wide range of high-quality products, from surgical and wound care to consumer goods in China and abroad. Its products include those with FDA, CE mark, TUV and other global standard certifications and the Company holds 54 domestic and international patents. For nine consecutiv
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SOURCE Winner Medical Group Inc.
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