China Cord Blood Corporation's Special Committee Appoints Independent Financial Advisor and Legal Counsel to Evaluate Non-binding "Going Private" Proposal

China Cord Blood Corporation

("CCBC," the "Company," "we," "us" and "our"), China's leading provider of cord blood collection, laboratory testing, hematopoietic stem cell processing and stem cell storage services, today announced that the Special Committee of the Company's board of directors (the "Special Committee") has appointed Houlihan Lokey (China) Limited as its independent financial advisor, Cleary Gottlieb Steen & Hamilton LLP as its United States legal counsel and Maples & Calder as its Cayman Islands legal counsel. As previously announced, the Company's board of directors formed the Special Committee to review and evaluate the April 27, 2015 non-binding proposal from Golden Meditech Holdings Limited ("Golden Meditech") to acquire all of the outstanding ordinary shares of the Company not already directly or indirectly owned by Golden Meditech in a "going private" transaction. The Special Committee is considering Golden Meditech's proposal as well as the Company's other alternatives. The Special Committee has not set a definitive timetable to complete its evaluation of Golden Meditech's proposal or any other alternative and does not currently intend to announce developments unless and until an agreement has been reached. There can be no assurance that the Special Committee will recommend Golden Meditech's proposal, nor can there be any assurance as to when, if ever, or on what terms any alternative transaction will be consummated.