As declared before, some well-known
investors in China and I set up a buyer consortium (“founder
consortium”) and issued a buyout offer to i Kang Healthcare Group, Inc.
(“Company” or “i Kang”) on August 31, 2015, and on January 5, 2016 the
consortium members were expanded and strengthened. It is well known that
the capital market and supervision system in China changed greatly in
the past months. Upon full assessment of the market changes, on June 7,
2016, I told the special committee of i Kang that I would withdraw from
the founder consortium.
The mission of i Kang is to accelerate the
development of preventive medical service in China to improve life
quality. In the past over decade of years, under our endeavor, i Kang
has become the leading medical service provider in China. During
provision of high quality and standard services to customers, it is very
important for me, as the founder of i Kang, to do my best to maintain
the value and mission of the company. I firmly believed that, it is
helpful for i Kang as an independent market participant to promote
competition, improve physical examination industrial standard and
benefit customers.
As the founder of i Kang, it is a very tough decision. When there come such chances, I hope the company management
can support new investors, keep i Kang’s service quality, stick to the
value of i Kang and continue the mission of i Kang with new investors.
Zhang Ligang, chairman & CEO of i Kang Healthcare Group, Inc.
June 8, 2016