China Cord Blood Corporation announced that Mr. Jeremy Yee has resigned as an Independent Non-executive Director of the company and member of the Compensation Committee, effective immediately. The company understands that, as the CEO of Cordlife Group Limited, Mr. Yee's resignation was driven by his need to fully concentrate on Cordlife's business development and overseas expansion. Upon the effectiveness of Mr. Yee's resignation, the Board of China Cord Blood Corporation will consist of seven directors, including four independent directors.

The company does not plan on filling Mr. Yee's board seat.