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China Medstar Limited (CMDS)

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Thursday 26 June, 2008

China Medstar Limited

Offer Update


                     China Medstar Limited (the "Company")                     

                                 Offer Update                                  

Further to the announcement by the Company on 4 June 2008 in relation to the
recommended Offer by Ascendium Group Limited, the Company and Ascendium Group
Limited today announce an extension to the Closing Date under the Offer to 1.00
p.m. (London time) on 17 July 2008.

All other dates in relation to the Extraordinary General Meeting and the
proposed date of Cancellation remain the same.

The expected timetable of events following this announcement is set out below:

Extraordinary General Meeting        10.00 a.m. (Beijing time) on 27 June,   
                                     2008                                    
                                                                             
Proposed Date of Cancellation        7.00 a.m. (London time) on 7 July, 2008 
                                                                             
Closing Date under the Offer         1.00 p.m. (London time) on 17 July, 2008

Words and expressions in this announcement, save as amended, have the same
meaning as those defined in the Shareholder Circular dated 4 June 2008 except
where the context requires otherwise.

                                                                   26 June 2008

Enquiries:

China Medstar Limited

Dr Cheng Zheng, Chairman and CEO                     Tel:  +86 (10) 5825 6867

Yap Yaw Kong, CFO


Evolution Securities Limited (NOMAD & financial adviser to Medstar)

Tom Price                                            Tel: +44 (0) 20 7071 4300

Bobbie Hilliam


Evolution Securities China

Nick Martin                                          Tel: +44 (0) 20 7220 4850


Haggie Financial LLP

Nicholas Nelson/Kathy Boate                          Tel: +44 (0) 20 7417 8989

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