MicroPort Announced Acquisition of Suzhou BEST Orthopedics Corporation

Reference is made to the announcement of the Company dated 9 September 2011 in relation to the proposed transaction involving the acquisition of 100% equity interest in Suzhou Best.The Board is pleased to announce that the Acquisition was completed on 29 November 2011. Upon the Completion, Suzhou Best has become an indirectly wholly-owned subsidiary of the Company as the Company indirectly holds 100% of the entire issued share capital of Suzhou Best. As a result, financial results of Suzhou Best will be consolidated into the financial statements of the Group.
 
Suzhou BEST Orthopedics Corporation is one of China's important domestic manufacturers and marketers of orthopedic implants and related medical instruments, which covers trauma and spine product lines. With more than 11 products including cervical fusion device, anterior cervical plate system, spine posterior fixation system, thoracic-lumbar fusion device, locking compression plate system, posterior cervical fixation system and other associated instruments, it has good synergy, adding to MirocPort's portfolio of products.