Further Improvement of Medical Layout of China Life  Town Health Purchases a Grade A and First-class Hospital


On December 4th, 2015, Town Health International Medical Group, a Hong Kong listed medical group, which was invested by ChinaLife and one of two largest shareholders of whom is China Life, signed acooperation agreement with Nanshi Hospital Affiliated to Henan University(hereinafter referred to as the "Nanshi Hospital"). Town Health would invest in and hold Nanshi Hospital. China Life Investment Holding Company Limited, a professional alternative investment platform under China Life,assisted in the completion of the deal. After the completion of the deal, NanshiHospital would become the first Grade A and first-class hospital invested by Town Health in China, which marked the substantive steps in domestic hospital investment and management business of Town Health with the help of China Life.

According to public information, Town Health, the purchaser in the transaction, is Hong Kong's largest private chain medical network, and the first medical group listed the stock exchange in Hong Kong through IPO. The company’s diagnosis and treatment network includes general outpatient service, special outpatient service, dentistry and specialized medical center (ophthalmology,orthopedics, surgery, ENT and reproductive medicine), physical examination and laboratory, image diagnosis, etc. At the same time, the company is also one ofthe largest medical service management operators in Hong Kong with the longest history.China Life became the largest shareholder of Town Health in early 2015. Sincethen, Town Health has become China Life’s important layout in the investment inthe big health field, and it maintains a good momentum of development. With the support of China Life, the performance of Town Health keeps rising. At the sametime, it has been widely recognized in the capital market.

As we know, founded in 1970, Nanshi Hospital is a Grade A and first-class hospital located in Nanyang, Henan Province. It was formerly Nanshi Hospital of Henan Petroleum Exploration Bureau under Sinopec. The hospital has a floor construction area of about 60,000 square meters. Currently it has 1,000 bedsand more than 1,200 staffs. Special departments of the hospital include burnand plastic surgery, cerebrovascular disease, tumor, bone disease, etc. Amongthem, Burn Department is listed as a national key discipline, and Cerebrovascular Department is listed as a provincial key discipline.