Pursuant to the Order of the Grand Court of the Cayman Islands (the “Order”), the powers of the existing Directors of Global Cord Blood Corporation (“GCBC”) are suspended.

The Joint Provisional Liquidators (“JPLs”) of GCBC have appointed corporate director entities controlled by the JPLs as directors to GCBC and its known subsidiaries.

Link to the Order made by the Grand Court of the Cayman Islands: https://www.sec.gov/Archives/edgar/data/1467808/000110465922102999/tm2226635d1_ex99-1.htm

Registered in Cayman Islands, Global Cord Blood Corporation is headquartered in Hong Kong. Presently, its businesses include Beijing Municipality Cord Blood Bank, Guangdong Province Cord Blood Bank, Zhejiang Province Cord Blood Bank, the interests in Shandong Province Cord Blood Bank and in cord blood banking operators in other parts of Asia.