Vincent Medical Invests in Guangzhou 100ecare Technology Co. Ltd

8th December 2016

Vincent Medical Holdings Limited (“Vincent Medical” or together with its subsidiaries, the “Group”; stock code: 1612), the second largest1 exporter of respiratory and anaesthesia disposables in the PRC and a Hong Kong-headquartered medical device group, is pleased to announce its investment in Guangzhou 100ecare Technology Co. Ltd. (“廣州柏頤信息科技有限公司” or “100ecare”), a company engaging in the design, development, sales and operation of wearable devices under the brand name “愛牽掛”, and a cloud-based safety and healthcare platform and mobile phone application targeting the elderly population in the PRC.

Vincent Medical will conditionally subscribe from 100ecare newly issued shares, representing 10% of its enlarged registered share capital at a consideration of RMB8.0 million (equivalent to approximately HK$9.0 million). Mr. To Ki Cheung, Executive Director and Chief Executive Officer of Vincent Medical, will be appointed as the director of 100ecare upon completion of the transaction.

100ecare’s cloud-based platform and mobile phone application provide smart, safety and healthcare solutions (e.g., SOS and GPS tracking, monitor of real-time health signs, online healthcare consultation and other third party services) for its subscribers in the PRC. Currently, it has over 60,000 subscribers.

Mr. Vincent Choi, Founder, Chairman and Executive Director of Vincent Medical, said, “The elderly homecare medical system and equipment market is one of the fastest growing markets in the PRC healthcare industry. The investment into 100ecare is in line with our strategy to expand our sales network and to tap the homecare medical equipment market. We are looking forward to team up with 100ecare and to expand our sales channels through the “愛牽掛” platform.”

Mr. Chen Zhen, Founder and Chief Executive Officer of Guangzhou 100ecare Technology, said, “We are pleased to welcome Vincent Medical as our shareholder at a time when we are focused on expanding our service to the subscribers. With the complementary strengths of our two companies, we will capture the rapidly growing business opportunities in the elderly healthcare market in the PRC.