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UNIVERSAL HEALTH INTERNATIONAL GROUP HOLDING LIMITED

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2211)

FORECASTED FINAL RESULTS - SIGNIFICANT DECREASE IN LOSS

This announcement is made by the Company pursuant to Rule 13.09 of the Listing Rules and the Inside Information Provisions under Part XIVA of the SFO.

The Board wishes to inform the shareholders and potential investors of the Company that, based on the preliminary review of the unaudited consolidated management accounts of the Group and the current available information to the Board, the final results of the Group is expected to record a significant decrease in loss for the year ended 30 June 2019 as compared to the loss for the eighteen months ended 30 June 2018.

Shareholders and potential investors of the Company are advised to exercise caution when dealing in the securities of the Company.

This announcement is made by Universal Health International Group Holding Limited (the "Company", together with its subsidiaries, the "Group") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (the "SFO").

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The board of directors (the "Directors") of the Company (the "Board") wishes to inform the shareholders and potential investors of the Company that, based on the preliminary review of the unaudited consolidated management accounts of the Group and the current available information to the Board, the final results of the Group is expected to record a significant decrease in loss for the year ended 30 June 2019 (the "Period") as compared to the loss for the eighteen months ended 30 June 2018 (the "Previous Period"). Details of which will be disclosed in the results announcement to be published in late September 2019.

The Board considers that the expected significant decrease in loss recorded for the Period as compared to the loss in the Previous Period was mainly due to the following factors:

  1. the Group has made an analysis on the impact of the macro and industrial economic environment and performed an impairment assessment on goodwill and other related non- current assets. Based on that the Group made a provision for impairment loss on goodwill and other intangible assets (approximately RMB489 million) arising on the acquisition of retail and distribution businesses in prior years in the Previous Period, while there is no provision for impairment loss on goodwill and other intangible assets made during the Period;
  2. marketing expenses and administrative expenses of the Group during the Period are lower than the Previous Period.

As the Group is expected to record a significant decrease in loss for the Period as compared to the loss in the Previous Period, the Board is of the view that the overall financial position of the Group is healthy. The Group has proactively facilitated its strategic transformation, promoted the development of the partnership mechanism, constructed the "Universal Health+" platform and diversified its breakthrough models; and granted 300,000,000 share options to eligible participants in March 2019 in order to maintain our competitiveness. Thus, the Board holds an optimistic view for the long term outlook of the Group.

Since the unaudited final results of the Group for the Period have not yet been finalized and have not been reviewed by the audit committee of the Company, the information contained in this announcement is only based on the current available information and the preliminary unaudited consolidated management accounts of the Group, which are subject to finalization and, if any, adjustment. It is expected that the audited final results of the Group for the Period will be announced in late September 2019.

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Shareholders and potential investors of the Company are advised to exercise caution when dealing in the securities of the Company.

By order of the Board

Universal Health International Group Holding Limited

Jin Dongtao

Chairman

Hong Kong, 30 August 2019

As at the date of this announcement, the Board comprises four executive directors, namely, Mr. Jin Dongtao, Mr. Jin Dongkun, Mr. Zhao Zehua and Mr. Sun Libo and three independent non-executive directors, namely, Mr. Cheng Sheung Hing, Ms. Chiang Su Hui Susie and Mr. Zou Haiyan.

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Universal Health International Group Holding Ltd. published this content on 30 August 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 August 2019 10:50:04 UTC