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Healthway Medical: Share placement

Thursday, January 21, 2010

The Board of Directors of Healthway Medical Corporation Limited (the “Company”) wishes to announce that the Company is in advanced discussions with a major international financial institution (“FI”) for an equity and debt funding package (the “Funding”) of up to US$25 million. The terms and conditions of the Funding have been substantially agreed between the Company and the FI. The Funding is, inter alia, subject to the FI’s board approval. The FI’s board is expected to meet and
decide on the Funding by end February 2010.....

.... The Company will convene an Extraordinary General Meeting (“EGM”) to seek the approval of the shareholders of the Company (the “Shareholders”) on the above transactions. This EGM is expected to be held in the first quarter of 2010.

As the Funding and the Placement are still subject to the FI’s board approval and/or Shareholders’ approval at the EGM, the Company wishes to state that there is no assurance that approval of the FI’s board and/or the Shareholders will be obtained and the Funding and the placement will be undertaken.


Healthway Medical is attracting the attention of international financial institutions now which is good. They are doing a share placement which is bad as it does not allow minority shareholders to participate.

Healthway Medical: Time-table

Shares traded ex-rights : 19 January 2010 from 9.00 a.m.

Books Closure Date : 21 January 2010 at 5.00 p.m.

Despatch of Offer Information Statements, the AREs or the : 26 January 2010
PALs (as the case may be) to Entitled Shareholders

Commencement of trading of “nil-paid” Rights : 26 January 2010 from 9.00 a.m.

Last date and time for splitting Rights : 29 January 2010 at 5.00 p.m.

Last date and time for trading of “nil-paid” Rights : 3 February 2010 at 5.00 p.m.

Last date and time for acceptance of and payment for Rights : 9 February 2010 at 5.00 p.m. (9.30
Shares and excess application p.m. for Electronic Applications)

Last date and time for renunciation of and payment for Rights : 9 February 2010 at 5.00 p.m.
Shares

Expected date for issuance of Rights Shares : 22 February 2010

Expected date for the listing and commencement of trading of : 23 February 2010
the Rights Shares


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