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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,   
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


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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