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Date:Friday 10 October 2014
Title:CVC completes partial sale of stake in Jintian Pharmaceuticals

CVC completes partial sale of stake in Jintian Pharmaceuticals

Hong Kong, 10 October 2014: CVC Capital Partners ("CVC") today announced that funds advised by CVC have finalised the sale of part of their stake in Jintian Pharmaceutical Group Ltd ("Jintian"), a leading pharmaceutical retailer and distributor in Northeast China, which is listed on the Hong Kong Stock Exchange.

Funds advised by CVC have sold 185,500,000 shares at the price of HK$3.29 per share, and retain a stake of 6.9% in the business.

CVC funds made an initial investment in Jintian in October 2011, acquiring a 24.24 percent stake. The company successfully completed its listing on the Hong Kong Stock Exchange in December 2013.

Francis Leung, Managing Partner and Chairman of Greater China for CVC, commented: "We are pleased that CVC funds invested and remain invested in Jintian. The recent sale of part of the CVC funds' investment in the business is in line with our usual process of managing CVC fund investments and has realised a solid return for our investors. CVC will continue to support the management of Jintian in executing its strategic objectives."

About Jintian Pharmaceutical Group
Founded in 1998, the company is one of the leading pharmaceutical retailers and distributors in Northeast China. The company has established an extensive retail network of 838 drugstores (as at June 2014), and a high value-added wholesale operation servicing over 4,900 customers throughout the country. Jintian has established capabilities in sourcing and marketing high margin products through both retail and wholesale channels. Apart from a wide range of over-the counter drugs and prescription drugs, the company sells a variety of branded healthcare products that enjoy high gross margin. Its retail stores are managed by a team with vast local experience and profound understanding of local culture and consumer behaviour. The company has a unique model of utilising promotional events and membership services in driving its sales.

About CVC Capital Partners
CVC is one of the world's leading private equity and investment advisory firms. Founded in 1981, CVC today has a network of 21 offices and over 270 employees throughout Europe, Asia and the US. Currently, CVC manages funds on behalf of over 300 investors who entrust their capital to CVC for periods of 10 years or more. To date, CVC has secured commitments of over US$60 billion in funds from a diverse and loyal investor base, completing over 300 investments in a wide range of industries and countries across the globe, with an aggregate transaction value of over US$150 billion.