Further details of the settlement agreement will be published by the Company in accordance with the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited and posted on the Company's website as follows: http://www.goldenmeditech.com/eng/ir/announcements.php
About Golden Meditech Holdings Limited (SEHK stock code: 00801, TWSE stock code: 910801)
Golden Meditech (www.goldenmeditech.com) is a leading integrated-healthcare enterprise in China. It is a first-mover in China, having established its dominant positions in several markets including the medical devices market, the cord blood storage market and the hospital management market in the healthcare industry, thanks to its strengths in innovation and market expertise and the ability to capture emerging market opportunities. Going forward, Golden Meditech will continue to pursue a leading position in China's healthcare industry both through organic growth and strategic expansion.
About Sanpower Group Limited1
Sanpower is a well-known private enterprise in Jiangsu Province. At present, both of its total assets and annual turnover have exceeded RMB100 billion. It was ranked in the "Top 500 Chinese Enterprises" for the 13th consecutive year. Its subsidiaries include listing companies such as Hiteker (600122.SH), NJXB (600682.SH) and IDT International (00167.HK), etc.
About PAGAC and Fortress Group Limited
PAGAC is a closed-end fund with investments across the retail, pharmaceutical, auto services, financial services and media/entertainment sectors. It is also the controlling shareholder of Fortress.
The English name of Sanpower Group Limited is for identification purpose only.
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SOURCE Golden Meditech Holdings Limited