Consortium Submits Preliminary Non-binding Proposal to Acquire iKang for $22/ADS

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Jiangsu Sanyou Group Co Ltd (SZSE: 002044, "Jiangsu Sanyou", also known as Meinian Onehealth Healthcare (Group) Co., Ltd.), announces today that it is a member of a consortium which has submitted a preliminary non-binding proposal (the "Proposal") to acquire iKang Healthcare Group, Inc. ("iKang") (NASDAQ: KANG). The consortium includes Meinian Onehealth Healthcare (Group) Co., Ltd, ("Meinian"), a leading provider of preventive healthcare services in China, which recently became an A share listed company through the backdoor listing of Shenzhen-listed Jiangsu Sanyou. The consortium also includes Shenzhen Ping An Decheng Investment Co., Ltd. ("Ping An"), Taiping Guofa (Suzhou) Capital Management Co., Ltd. ("Taiping"), Huatai Ruilian Fund Management Co., Ltd. ("Huatai Ruilian"), Sequoia China Investment Management LLP ("Sequoia") and Cathay Capital Private Equity SAS ("Cathay").The Proposal offers

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