China Cord Blood Corporation Receives Notice of Transactions Regarding its 7% Senior Convertible Notes Due 2017 Held by Cordlife and Magnum and its Ordinary Shares Held by Cordlife

HONG KONG, May 8, 2015 /PRNewswire/ -- China Cord Blood Corporation (NYSE: CO) ("CCBC" or the "Company"), China's leading provider of cord blood collection, laboratory testing, hematopoietic stem cell processing and stem cell storage services, today announced that the Company has been informed that Golden Meditech Holdings Limited ("Golden Meditech"), a Hong Kong listed company and a substantial shareholder of the Company, has entered into an agreement (the "CGL Agreement") to purchase the Company's outstanding 7% senior convertible note due 2017 with an aggregate principal amount of $25 million (the "CGL Note") held by Cordlife Group Limited ("Cordlife") and the ordinary shares of the Company owned by Cordlife (the "CGL Sale Shares"). Golden Meditech has also entered into an agreement (the "Magnum Agreement") to purchase the Company's outstanding 7% senior convertible note due 2017 with an aggregate principal amount of $25 million (the "Magnum Note") held by Magnum Opus International Holdings Limited ("Magnum").

The aggregate purchase price for the CGL Sale Shares, the CGL Note and the Magnum Note is currently estimated to be approximately $169.8 million plus interest accrued on the notes from October 3, 2014 to the date when the purchase is completed. The purchase price is subject to (i) applicable distributions on the ordinary shares made by the Company, if any, and (ii) any possible changes to the currently offered per ordinary share purchase price at $6.40 as reflected in Golden Meditech's previously announced proposed "going-private" transaction, in each case in accordance with the terms of the CGL Agreement and the Magnum Agreement. The completion of the purchase of the CGL Note and the CGL Sale Shares is subject to certain closing conditions, including Golden Meditech shareholder approval and Cordlife shareholder approval. The completion of the purchase of the Magnum Note is also subject to closing conditions, including Golden Meditech shareholder approval.

About China Cord Blood Corporation

China Cord Blood Corporation is the first and largest umbilical cord blood banking operator in China in terms of geographical coverage and the only cord blood banking operator with multiple licenses. Under current PRC government regulations, only one licensed cord blood banking operator is permitted to operate in each licensed region and only seven licenses have been authorized as of today. China Cord Blood Corporation provides cord blood collection, laboratory testing, hematopoietic stem cell processing and stem cell storage services. For more information, please visit our website at http://www.chinacordbloodcorp.com.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. These statements relate to future events or the Company's future financial performance. The Company has attempted to identify forward-looking statements by terminology including "anticipates", "believes", "expects", "can", "continue", "could", "estimates", "intends", "may", "plans", "potential", "predict", "should" or "will" or the negative of these terms or other comparable terminology. These statements are only predictions, uncertainties and other factors may cause the Company's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. The information in this press release is not intended to project future performance of the Company. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company does not guarantee future results, levels of activity, performance or achievements. The Company expectations are as of the date this press release is issued, and the Company does not intend to update any of the forward-looking statements after the date this press release is issued to conform these statements to actual results, unless required by law.

For more information, please contact:

China Cord Blood Corporation
Investor Relations Department
Tel: (+852) 3605-8180
Email: [email protected]

ICR, Inc.
William Zima
Tel: (+86) 10-6583-7511
U.S. Tel: (646) 405-5185
Email: [email protected]

SOURCE China Cord Blood Corporation

Related Links

http://www.chinacordbloodcorp.com

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