Cowealth Medical Holding Co., Ltd. (Taiwan, China)

Established in Nov. 2005, Cowealth Medical Holding Co., Ltd., a Cayman Islands Investment holding company, is mainly engaged in Import and Export trading of large-scale medical equipment and supplies for clinical testing. The main operations branches are in Shanghai. The clients are mostly large-scale and medium-scale hospitals in China. Cowealth Medical Holding Co., Ltd. is a distributor of medical equipment, reagents and components, without developing and manufacturing business. The manufacturers of the products for cooperation include Accuray, Hitachi, Siemens, Abbott, Roche, etc. The company purchased radiation oncology treatment equipment and application products of clinical examination and then sold to the users. It was developed from Xingwang Company set up in 1997. Xingwang Company set foot in market of Mainland China in 2000. Then in 2005 Cowealth Medical Holding Co., Ltd. was established. 2. The main products for sales are radiation oncology treatment equipment accounting for 54% of the revenue in 2008 and application products of clinical examination accounting for 46%. They are mostly sold to military medical care institutions and 2-level or 3-level medical institute managed by State Council. Up to Dec. 31, 2002, all the clients include reached over 522 hospitals, including 101 3-level hospitals (11% of China’s 3-level hospitals) 3. Directors and Supervisors: A. Wang Qiong Zhi and Li Dun hold about 24% of the stock. Li Dun with a professional background once worked as general manager in Greater China of Medical Business of Philips and as general manager in Greater China of American Beckman Company.