Document:

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                                                                    EXHIBIT 10.8

                                 Shen (Nan) No. 0053646
                                 Contract Registration/Filing No.: Nan KA 001831

                                  THE CONTRACT

                         FOR LEASE OF BUILDING PROPERTY

                            IN SHENZHEN MUNICIPALITY

      Prepared by the Shenzhen Municipal Administrative Office of Building
                                 Property Lease

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                              POINTS FOR ATTENTION
    IN THE REGISTRATION (FILING) OF A CONTRACT FOR LEASE OF BUILDING PROPERTY

1.   Documents to be submitted in connection of the formalities of registration
     (filing) of a contract for lease of building property:

     (1)  the certificate of title to the building property or other valid
          certificate in evidence of the title (use right) to such building
          property (the original shall be submitted to the registration
          authority and a copy shall be left therewith);

     (2)  the certificates of identity or legal status of the lessor and the
          lessee, including:

          a. in the case of an organization

          the document of establishment or license of business of such
          organization (the original shall be submitted to the registration
          authority and a copy shall be left therewith);

          the original of the certificate in evidence of the capacity of the
          legal representative as such; and

          the ID card of the legal representative (the original shall be
          submitted to the registration authority and a copy shall be left
          therewith) and the original of the letter of authorization issued by
          the legal representative (if the legal representative a foreign
          national, such letter of authorization shall be notarized or
          authenticated in accordance with the relevant provisions).

          b. in the case of an individual

          the certificate of identity or legal status of the lessor (the
          original shall be submitted to the registration authority and a copy
          shall be left therewith);

          if the building property to be leased is to be used for residential
          purposes and the lessee is a women of child-bearing age (20 to 49),
          the certificate of conpliance of the floating population with
          provisions on marriage and child-bearing issued by the family-planning
          agency at the town/subdistrict where such women now resides after such
          agency has made a proper examination thereof.

     (3)  If the building property to be leased is placed in trust, the letter
          of authorization and the certificate of identity of the trustee need
          to be submitted; if the building property to be leased is under common
          ownership, the certificate of consent of all the co-owners to such
          lease and the letter of authorization signed by them shall be
          submitted.

     (4)  the contract for lease of building property

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2.   Notes on the filing of a contract for lease of building property for the
     record:

     In accordance with the provisions of Article 6 and the second paragraph of
     Article 7 of the Regulations of the Shenzhen Special Economic Zone for
     Lease of Building Property, if any building property to be leased can not
     be registered in accordance with the provisions of these regulations, the
     interested party should go through the formalities for filing such lease
     with the authority in charge for the record on the strength of the
     documents related to the building property to be leased and the certificate
     of identity of the interested party.

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                   The Contract for Lease of Building Property

Lessor (Party A): Shenzhen Zhongguan Company Limited

Address: 11th and 12th Floors of Zhongguan Building, [_], Nanshan District

Postal Code: 518055

Authorized Agent: ____________/____________

Address: _________________/________________

Postal Code: _______________/______________

Lessor (Party B): Shenzhen Mindray Biomedical Electronics Co., Ltd.

Address: Mindray Building, Twelfth Science Road South, Hi-tech Industrial Park,
         Nanshan District

Postal Code: 518057

No. of Business License or ID Card: Qi Gu Yue Shen Zong Zi No.109722

Authorized Agent: Ma Shuhan

Address: __________________/_______________

Postal Code: _______________/______________

     In accordance with the Contract Law of the People's Republic of China, the
Law of he People's Republic of China on Administration of Urban Real Estate and
the Regulations of the Shenzhen Special Economic Zone for Lease of Building
Property and the detailed rules for implementing these regulations, through
consultation Party A and Party B have come to agree to enter into this contract.

     ARTICLE 1 Party A shall lease to Party B the building property located at
the 1st floor and the eastern end of the 4th floor of Building A2 and, North
Honghualing Industrial Zone, Liuxian Avenue, Nanshan District, Shenzhen
Municipality (hereinafter referred to as the "Leased Property"). The floor space
of the Leased Property totals 30,60 square meters and the floors of the building
total six.

     The holder of title to the Leased Property is Shenzhen Zhongguan Company
Limited and the name and number of the certificate of title to the Leased
Property or other valid certificate in evidence of the title (use right) thereto
is ___________/___________.

     ARTICLE 2 The rent of the Leased Property (hereinafter referred to as the
"Rent") shall be RMB (or in words, RMB) per square meter per month and the
monthly Rent shall total RMB 56,304 (or in words, RMB fifty-six thousand three
hundred and four).

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     ARTICLE 3 By July 27, 2005 Party B shall first pay the Rent in the amount
of RMB 117,608 (or in words, RMB one hundred and seventeen thousand six hundred
and eight).

     ARTICLE 4 Party B shall pay Party A the Rent

     [X]  by the tenth day of each month;

     and, upon receipt of the Rent, Party A shall issue an invoice to Party B
for the tax purpose.

     (The parties shall jointly choose one of the four options as set forth
above and a tick shall be put before the option chosen.)

     ARTICLE 5 Party B's lease of the Leased Property shall start as of August
1, 2005 and end on July 31, 2009.

     The term of the lease as specified in the preceding paragraph shall not
exceed the approved term of the land use with respect to the Leased Property and
the excess of the term of the lease over the approved term of the land use (if
any) shall be invalid. If any losses result from such excess and the parties
have previously reached an agreement on such losses, such agreement shall
prevail; if there is no such agreement, such losses shall be borne by Party A.

     ARTICLE 6 The Leased Property shall be used as a factory building.

     If Party B wishes to use the Leased Property for any other purpose, it
shall first obtain written consent from Party A and make an application to the
authority in charge of administration of real property for approval of the
change of the purpose of the Leased Property. Party B shall not change the
purpose of the Leased Property until such approval is granted.

     ARTICLE 7 By August 1, 2005, Party A shall have delivered the Leased
Property to Party B and carried out the procedure for such delivery.

     If Party A fails to deliver the Leased Property by the deadline as
specified in the preceding paragraph, Party B may require that the term of this
contract be correspondingly extended and the parties shall sign an written
agreement to confirm such extension and file such agreement to the contract
registration authority for the record.

     ARTICLE 8 At the time of delivery of the Leased Property, the parties shall
jointly recognize the existing condition of the Leased Property and auxiliary
facilities therein and the property ancillary to the Leased Property and set
forth such condition and property in the attachment to this contract.

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     ARTICLE 9 At the time delivery of the Leased Property, Parry A may require
that Party B pay it a deposit as security for performance of the lease, the
amount of which shall not exceed three months' Rent, i.e. RMB 117,608 (or in
words, RMB one hundred and seventeen thousand six hundred and eight).

     Upon receipt of such deposit, Party A shall issue an invoice to Party B.

     Party A shall return the deposit to Party B if the following conditions are
satisfied:

     Only one of the conditions needs to be satisfied;

     All the conditions shall be satisfied.

     (The parties shall jointly choose one of the two options as set forth above
and a tick shall be put before the option chosen.)

     Party A need not return the deposit to Party B if any of the following
events occurs:

     ARTICLE 10 During the term of the lease, Party A shall be obligated to pay
the fee for use of the land covered by the Leased Property as well as taxes,
administrative fee, and fee for that may be payable in connection with the lease
of the Leased Property; Party B shall be obligated to pay expenses that may be
incurred for the supply of power and water to the Leased Property, the cleaning
and management thereof, and, in connection with the use of the Leased Property.

     ARTICLE 11 Party A shall ensure the Leased Property as delivered by it will
serve the purpose of the lease and the safety of such property will be in
compliance with the relevant provisions of laws, regulations or rules.

     If Party B suffers any personal injuries or property damages in the Leased
Property by Party A's intention or through its neglect, Party B shall have the
right to require that Party A make it an appropriate compensation for such
injuries or damages.

     ARTICLE 12 Party B shall make proper use of the Leased Property and the
auxiliary facilities therein and shall not use the Leased Property in engaging
in any illegal activities. Party

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A shall not interfere in, or get in the way of, Party B's normal and proper use
of the Leased Property.

     ARTICLE 13 If any damage or failure that poses a threat to the safety of
the Leased Property or any of the auxiliary facilities therein or constitutes a
hindrance to the normal use thereof happens to the Leased Property or any of the
auxiliary facilities therein through no fault on Party B's part during its use
thereof, Party B shall promptly notify Party A of such damage or failure and
take every effective measures possible to prevent the further spread of such
damage or failure; within 5 days of receipt of Party B's notice, Party A shall
repair such damage or rectify such failure or authorize Party B to do so on its
behalf. If Party B can not notify Party A of such damage or failure or, upon
receipt of Party B's notice, Party A fails to perform its obligation to repair
such damage or rectify such failure within the time limit as specified above,
Party B may do so in Party A's place after it has filed such damage or failure
with the contract registration authority for the record.

     If any repair must be done immediately upon occurrence of any emergency,
Party B shall first do such repair on Party A's behalf and promptly notify Party
A thereof.

     Expenses for repairs that may be incurred in any of the situations as
described in the preceding two paragraphs (including any reasonable expenses
Party B may incur in connection with any repairs it does on Party A's behalf or
Party B's efforts to prevent the further spread of any damage or failure that
has occurred) shall be borne by Party A. If Party B fails to perform its
obligation to promptly notify Party A of such damage or failure or to take every
effective measure possible to prevent the further spread of such damage or
failure as specified in the preceding two paragraphs, as a result of which such
spread occurs in the end, any expenses that may be incurred in connection with
the repair or rectification of any damage or failure that may be caused by such
spread shall be borne by Party B itself.

     ARTICLE 14 If any damage or failure that poses a threat to the safety of
the Leased Property or any of the auxiliary facilities therein happens to the
Leased Property or any of the auxiliary facilities therein through Party B's
improper or unreasonable use thereof, Party B shall promptly notify Party A of
such damage or failure and repair such damage or rectify such failure or make
compensation therefor. If Party B refuses to do such repair or carry out such
rectification, Party A may do so in Party B's place after it has filed such
damage or failure with the contract registration authority for the record and
the related expenses shall be borne by Party B.

     ARTICLE 15 If, during the term of this contract, Party A or Party B
reconstructs, expands or fits out the Leased Property, Party A and Party B shall
enter into a separate written agreement thereon.

     If any of the modifications of the Leased Property as specified in the
preceding paragraph is subject to approval by the relevant authority, such
modification shall not be commenced until the required approval is granted.

     ARTICLE 16

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     During the term of the lease, Party B may sublease all or part of the
Leased Property to a third party and carry out the procedure for registration of
such sublease with the authority in charge of administration of building
property lease, provided that the term of such sublease shall not exceed the
term of the lease hereunder;

     During the term of the lease, Party B shall not sublease all or any part of
the Leased Property to any third party, except with Party A's consent, in which
case Party B may sublease all or part of the Leased Property to a third party
and, on the strength of the written certificate of Party A's consent of such
sublease, carry out the procedure for registration of such sublease with the
authority in charge of administration of building property lease, provided that
the term of such sublease shall not exceed the term of the lease hereunder;

     [X]  During the term of the lease, Party B shall not sublease all or any
part of the Leased Property to any third party.

     (The parties shall jointly choose any of the three options set forth above
and a tick shall be put before the option chosen.)

     ARTICLE 17 If, during the term of the lease, Party A needs to transfer the
title to any part or all of the Leased Property to any third party, it shall
notify Party B of such transfer one month in advance and Party B shall have the
right of first refusal to purchase the Leased Property on the same terms.

     If the title to the Leased Property is to be transferred to any third
party, Party A shall be obligated to tell the transferee to continue to perform
this contract at the time of execution of the contract for such transfer.

     ARTICLE 18 If any of the following events occurs during the term of this
contract, this contract may be terminated or modified:

     (1) an event of force majeure has occurred, rendering it impossible for
this contract to be performed;

     (2) the government is to requisition, purchase, recover or pull down the
Leased Property; or

     (3) the parties have come to agree thereto through consultation.

     ARTICLE 19 If any of the following events occurs, to make up for any losses
that may result therefrom, Party A :

     [X]  may require that Party B make compensation for such losses,

     [X]  need not refund the deposit paid as security for the performance of
this lease, or

     may require that Party B pay a penalty for breach of contract in the amount
of RMB (or in words, RMB).

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     (The parties shall choose through consultation one or more of the three
options as set forth above and a tick/ticks shall be put before the
option/options chosen.)

     (1) if Party B has defaulted on the Rent for more than 30 days (one month);

     (2) if Party B has defaulted on payment of the various fees and expenses in
the amount of more than RMB fifty thousand, which may cause any losses to Party
A;

     (3) if Party B has used the Leased Property in engaging in any illegal
activities, which has caused any damage to the public interest or the interests
of any third party;

     (4) if Party B has modified the structure or purpose of the Leased Property
without authorization;

     (5) if, in violation of the provisions of Article 14 hereof, Party B has
failed to assume the obligation with respect to the maintenance and repair of
the Leased Property or to pay the expenses for such maintenance and repair,
causing serious damage to the Leased Property or any of the facilities therein;

     (6) if Party B has fitted out the Leased Property without Party A's consent
and approval by the relevant authority; or

     (7) if Party B has subleased the Leased Property to any third party without
approval.

     In any of the events as described above, Party A may not only pursue Party
B's liability for damages or breach of contract, but terminate this contract or
propose to Party B that the terms of this contract be modified, depending on
Party B's violations of this contract as described above.

     ARTICLE 20 If any of the following events occurs, to make up for any losses
that may result therefrom, Party B may require that:

     [X]  Party A make compensation for such losses,

     [X]  Party A refund twice the deposit paid by Party B as security for the
performance of this lease, or

     Party A pay a penalty for breach of contract in the amount of RMB (or in
words, RMB).

     (The parties shall choose through consultation one or more of the three
options as set forth above and a tick/ticks shall be put before the
option/options chosen.)

     (1) if Party A has delayed the delivery of the Leased Property for more
than days (months);

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     (2) if Party A is in violation of the provisions of the first paragraph of
Article 11 hereof, rendering it impossible for Party B to achieve the purpose of
the lease hereunder;

     (3) if, in violation of the provisions of Article 13 hereof, Party A has
failed to assume the obligation with respect to the maintenance and repair of
the Leased Property or to pay the expenses for such maintenance and repair; or

     (4) if Party A has reconstructed, expanded or fitted out the Leased
Property without Party B's consent or approval by the relevant authority.

     In any of the events as described above, Party B may not only pursue Party
A's liability for damages or breach of contract, but terminate this contract
(upon receipt of compensation for such damages, Party B shall notify Party A in
writing thereof and return the Leased Property to Party A) or propose to Party A
that the terms of this contract be modified, depending on Party A's violations
of this contract as described above.

     For the period from Party A's receipt of Party B's notice to Party B's
receipt of Party A's compensation, Party B need not pay Party A any Rent.

     ARTICLE 21 Within 5 days of termination hereof, Party B shall vacate the
Leased property and return it to Party A. Party B shall ensure that the Leased
Property and the auxiliary facilities therein will be in good condition (except
for normal wear and tear) at the time of delivery. In addition, Party B shall
pay off all the fees and expenses payable by it and go through the hand-over
formalities.

     If Party B fails to vacate or return the Leased Property within the time
limit as specified above, Party A shall have the right to recover the Leased
Property and charge Party B double the Rent for the period that Party B occupies
the Leased Property after expiration of the above-mentioned time limit.

     ARTICLE 22 If Party B needs to continue to lease the Leased Property after
expiration of the lease hereunder, two months in advance of such expiration it
shall propose to Party A that the lease be renewed, and Party B shall have the
right of first refusal to lease the Leased Property on the same terms.

     If Party A and Party B reach an agreement on the renewal of the lease, they
shall enter into a new contract for lease of the Leased Property and once again
carry out the procedure for registration of the lease with the contract
registration authority.

     ARTICLE 23 Party A and Party B shall conscientiously comply with all the
provisions hereof. If either party is in violation of any of such provisions, it
shall assume appropriate liability for breach of contract in accordance with the
provisions hereof.

     ARTICLE 24 With respect to any matters uncovered herein, Party A and Party
B may enter into a separate agreement in the attachment to this contract, which
shall constitute part of

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this contract and shall have equal effect and validity with this contract after
the parties have affixed their signatures and seals thereto.

     If, during the term of the lease, Party A and Party B reach an agreement on
any modification of this contract, such agreement shall be registered with the
original contract registration authority. Such agreement as has been registered
thus shall have equal effect and validity with this contract.

     ARTICLE 25 If any dispute arises between Party A and Party B with respect
to this contract, they shall try to settle such dispute through consultation. If
such dispute fails to be settled through consultation, it may be referred to
mediation by the authority that has registered this contract. If such mediation
proves unsuccessful, too,

     [X]  such dispute may be referred to arbitration by the Shenzhen
Arbitration Commission;

     such dispute may be referred to arbitration by the Shenzhen branch of the
China International Economic and Trade Arbitration Commission; or

     legal proceedings may be initiated in the people's court with respect to
such dispute.

     (The parties shall choose through consultation one of the three options as
set forth above and a tick shall be put before the option chosen.)

     ARTICLE 26 This contract shall become effective as of the date of its
execution.

     Within ten days of execution hereof, Party A and Party B shall carry out
the procedure for registration or filing hereof with the authority in charge.

     ARTICLE 27 The Chinese language version of this contract shall be deemed to
be the original.

     ARTICLE 28 This contract is executed in four counterparts, one of which
shall be kept by each of Party A, Party B, the contract registration authority,
and any other relevant authority.

Party A

(The seal of Fan Huaming is affixed here)
-----------------------------------------
(Signature and/or Seal):                 (The seal of Shenzhen Zhongguan Company
                                         Limited is affixed here)

Legal Representative:

Contact Phone No.:   /
                   ------------------

Bank Account:       /
              -----------------------

               /
-------------------------------------
Authorized Agent (Signature and/or Seal)

                                                             Date: July 27, 2005

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Party B

            /s/ Xu Hang
------------------------------------
(Signature and/or Seal):                (The seal of Shenzhen Mindray Biomedical
                                        Electronics Co., Ltd. is affixed here)

----------------------------------------------
Legal Representative: (Signature)

Contact Phone No.:            /
                   ---------------------------

Bank Account:                /
              --------------------------------

               /
----------------------------------------------
Authorized Agent (Signature and/or Seal)

                                                               Date:
                                                                     -----------

Registrar or Filer
(Signature and/or Seal) :               (Signature)

          /s/ (illegible)
-------------------------------------

Contract Registration Authority
(Signature and/or Seal):

          /s/ (illegible)
-------------------------------------

                                        (The seal of the Administrative Office
                                        of Building Property Lease under the
                                        People's Government of Nanshan District,
                                        Shenzhen Municipality and the signature
                                        of Ye Weiming are affixed here)

                                                            Date: April 17, 2005

                                        9<PAGE>

                                                                    EXHIBIT 10.9

               DATED 6TH JULY, 2005

          (1)  MINDRAY INTERNATIONAL HOLDINGS LIMITED

          (2)  SHENZHEN MINDRAY BIO-MEDICAL ELECTRONICS CO., LTD.

          (3)  THE INVESTORS

          (4)  THE MAJOR SHAREHOLDERS

          (5)  DRAGON CITY INTERNATIONAL INVESTMENT LIMITED

                                   ----------

                   SUBSCRIPTION AND SHARE PURCHASE AGREEMENT

                                   ----------

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AGREED FORM DOCUMENTS

(1)  Shareholders' Agreement

(2)  Disclosure Letter

(3)  Cayman Islands counsel opinion

(4)  Registration rights term sheet

(5)  Performance Adjustment Escrow Agreement

(6)  Instruction Letter to Clifford Chance

<PAGE>

THIS AGREEMENT is made on 6th July 2005

BETWEEN:

(1)  MINDRAY INTERNATIONAL HOLDINGS LIMITED a private limited company
     incorporated in the Cayman Islands with its registered office at c/o Codan
     Trust Company (Cayman) Limited, Century Yard, Cricket Square, Hutchins
     Drive, P.O. Box 2681 GT, George Town, Grand Cayman, British West Indies
     (the "COMPANY");

(2)  SHENZAEN MINDRAY BIO-MEDICAL ELECTRONICS CO., LTD., a foreign invested
     company limited by shares incorporated in the People's Republic of China,
     with its legal address at Mindray Building, Keji 12' Road South, Hi-tech
     Industrial park, Nanshan, Shenzhen, PRC, 518057 (the "PRC COMPANY");

(3)  THE PERSONS whose names and addresses are set out in Part B of Schedule 1
     (together the "INVESTORS" and each an "INVESTOR");

(4)  THE INDIVIDUALS whose names and addresses are set out in Part A of Schedule
     1 (the "MAJOR SHAREHOLDERS" and each a "MAJOR SHAREHOLDER"); and

(5)  DRAGON CITY INTERNATIONAL INVESTMENT LIMITED, a private limited company
     incorporated in the British Virgin Islands with its registered office at
     OMC Chambers, P.O. Box 3152, Road Town, Tortola, British Virgin Islands
     ("DCL").

WHEREAS:

(A)  The Company is a private limited company organised and existing under the
     laws of the Cayman Islands.

(B)  Immediately before the date of this Agreement, the Company had an
     authorised share capital of HK$380,000 comprising 38,000,000 ordinary
     shares of HK$0.01 and as at the date hereof, 1 ordinary share has been
     issued and is fully paid or credited as fully paid. Pursuant to the
     Restructuring (as defined below) the Company will acquire at least 80% of
     the entire issued share capital of the PRC Company which is involved in the
     business of research and development, manufacturing and distribution of
     medical equipment and related products and the provision of services for
     such equipment and products. Further information relating to the Company,
     the PRC Company and its subsidiaries and DCL, immediately before the date
     of this Agreement, is contained in Schedule 2 Part A and B.

(C)  The Company has agreed to issue, and the Investors have agreed to subscribe
     for the Subscription Shares (as defined below), the Major Shareholders have
     agreed to sell, and the Investors have agreed to purchase the Secondary
     Shares (as defined below) and DCL has agreed to sell, and the Investors
     have agreed to purchase the DCL Shares (as defined below). The Completion
     of the sale of the Secondary Shares and DCL Shares, and the subscription of
     the Subscription Shares shall be simultaneous.

(D)  This Agreement sets out the terms on which the Investors will invest in the
     Company.

<PAGE>

THE PARTIES AGREE as follows:

1.   INTERPRETATION

1.1  In this Agreement:

     "2005 NET PROFITS" means the consolidated net profits after tax and
     minority interests of the PRC Company but excluding any one-time gains or
     losses from asset sales, all as shown in the audited consolidated accounts
     of the Group for the financial year ending 31 December 2005 as audited by a
     Big 4 accounting firm in accordance with Accounting Principles;

     "ACCOUNTS" means the audited consolidated accounts of the PRC Company for
     the financial year ended on the Last Accounting Date, the auditors' report
     on those accounts, the directors' report for that year and the notes to
     those accounts;

     "ACCOUNTING PRINCIPLES" means the International Financial Reporting
     Standards ("IFRS") promulgated by the International Accounting Standards
     Board ("IASB") (which includes standards and interpretations approved by
     the IASB and International Accounting Standards (IAS) issued under previous
     constitutions), together with its pronouncements thereon from time to time,
     and applied on a consistent basis;

     "AFFILIATE" means with respect to any person, any other person that
     directly or indirectly, through one or more intermediaries, Controls, is
     Controlled by, or under common Control with the first mentioned person;

     "ANNUAL BUDGET" means the Group's annual budget attached as Schedule 5;

     "ARTICLES" means the new articles of association of the Company as amended
     from time to time and references in this Agreement to an "Article" shall be
     construed accordingly;

     "ASSOCIATE" has the meaning set out in the Listing Rules;

     "BIG 4" means any of KPMG, Deloitte Touche Tohmatsu, PricewaterhouseCoopers
     and Ernst & Young or their respective successors;

     "BOARD" means the board of directors of the Company from time to time;

     "BUSINESS DAY" means a day (excluding Saturday) on which banks are
     generally open for business in Hong Kong and in the PRC;

     "BUY-OUT EXPENDITURES" means the aggregate amount paid by the Company
     whether in the form of cash or shares, for the acquisition of any shares in
     the PRC Company made after the date on which the Convertible Redeemable
     Preference Shares are issued to the Investors up to the Ownership
     Adjustment Date;

     "CAYMAN PRE MONEY VALUATION" means:

<PAGE>

          (US$341,440,000 x the Company's percentage ownership in the PRC
          Company as of the Ownership Adjustment Date) - (Buy-out Expenditures)

     "COMPANIES ORDINANCE" means the Companies Ordinance (Chapter 32 of the Laws
     of Hong Kong), as amended from time to time;

     "COMPLETION" means the completion of the subscription for, and allotment
     of, the Subscription Shares and the sale and purchase of the Secondary
     Shares and DCL Shares in accordance with Clause 3;

     "COMPLETION DATE" means the date to be agreed by the parties for Completion
     which is not later than 5 Business Days after the date on which the last of
     the Conditions is satisfied or waived, as the case may be, unless another
     date is agreed by all the parties in writing;

     "CONDITIONS" has the meaning set out in Clause 2.1; "Confidential
     Information" has the meaning set out in Clause 10;

     "CONTROL" means the power of a person (or persons acting in concert) to
     secure that the affairs of another are conducted directly or indirectly in
     accordance with the wishes of that person (or persons acting in concert) by
     means of: in the case of a company, being the beneficial owner of more than
     50 per cent. of either the issued share capital of that company or of the
     voting rights in that company, or having the right to appoint or remove a
     majority of the directors or otherwise control the votes at board meetings
     of that company by virtue of any powers conferred by the articles of
     association, shareholders' agreement or any other document regulating the
     affairs of that company; in the case of a partnership, being the beneficial
     owner of more than 50 per cent. of the capital of that partnership, or
     having the right to control the composition of or the votes to the majority
     of the management of that partnership by virtue of any powers conferred by
     the partnership agreement or any other document regulating the affairs of
     that partnership; or, in the case of an individual, being an Associate of
     that individual; and "CONTROLLED" shall be construed accordingly. For these
     purposes, "PERSONS ACTING IN CONCERT", in relation to a person, are persons
     who actively co-operate, pursuant to an agreement or understanding (whether
     formal or informal), with a view to obtaining or consolidating Control of
     that person;

     "CONVERSION PRICE" means the price per Share to be issued upon conversion
     of all or some of the Convertible Redeemable Preference Shares and which is
     calculated in accordance with the Terms and Conditions;

     "CONVERSION SHARES" means the Shares to be issued by the Company upon the
     conversion of the Convertible Redeemable Preference Shares;

     "CONVERTIBLE REDEEMABLE PREFERENCE SHARES" means the convertible redeemable
     preference shares of HK$0.01 each in the capital of the Company, having the
     rights and being subject to the restrictions set out in the Terms and
     Conditions;

<PAGE>

     "CUT-OFF DATE" means 15 August 2005 or such later date as may be agreed by
     any one of the Investors and the Major Shareholders in writing;

     "DCL AMOUNT" means US$3,970,233 the aggregate purchase price for the DCL
     Shares;

     "DCL SHARES" means the total number of Convertible Redeemable Preference
     Shares to be sold by DCL and bought by the Investors that is equal to
     1/86a' ownership of the entire issued share capital of the PRC Company
     immediately before Completion;

     "DISCLOSURE LETTER" means the letter of today's date from the Warrantors to
     the Investors together with the documents scheduled thereto for the
     purposes of Clause 5 receipt of which has been acknowledged by the
     investors;

     "ENCUMBRANCE" means a lien, charge of other encumbrance or right
     exercisable by a third party having similar effect including, without
     limitation, options, warrants and other rights (including conversion or
     pre-emption);

     "ENVIRONMENTAL LAW" has the meaning set out in Warranty 10.3;

     "ENVIRONMENTAL PERMIT" has the meaning set out in Warranty 10.1;

     "EQUITY SHARE CAPITAL" means the issued share capital of the Company
     including the Convertible Redeemable Preference Shares, but excluding any
     part thereof which does not either as respects dividends or as respects
     capital carry any right to participate beyond a specified amount or beyond
     an amount calculated by reference to a specified rate in a distribution;

     "ESCROWED SHARE CERTIFICATES" means share certificates for the maximum
     number of shares (for the Major Shareholders) or Convertible Redeemable
     Preference Shares (for the Investors) required to implement the Performance
     Adjustment;

     "ESCROWED SHARE TRANSFER INSTRUMENTS" means blank, undated transfer
     instruments executed by each of the Major Shareholders and the Investors
     and which are deposited with Law Debenture Corporation;

     "FAMILY MEMBER" means the spouse, co-habitee, mother, father, grandmother,
     grandfather, brother, sister or child of a Major Shareholder;

     "FULLY DILUTED SHARE CAPITAL" means, at any time, the total number of
     Shares then issued, assuming the conversion, exchange and exercise in full
     of all of the then issued Ordinary Share Equivalents, including, the
     conversion of all the issued Convertible Redeemable Preference Shares at
     the then prevailing Conversion Price;

     "GOVERNMENT AUTHORITY" means the government of any nation, state, province,
     city, locality or other political subdivision thereof, any entity
     exercising executive, legislative, judicial, regulatory or administrative
     functions of or pertaining to government;

<PAGE>

     "GOVERNMENT OFFICIAL" means any officer or employee of any government or
     any department, agency, or instrumentality thereof, or any person acting in
     an official capacity for or on behalf of any such government or department,
     agency, or instrumentality as well as persons employed by commercial
     enterprises owned or. controlled by a PRC Government Authority;

     "GROUP" means the Company and its subsidiaries, and the PRC Company and its
     subsidiaries, and "Group Member" means any one of them (including the
     Company itself);

     "HK$" means the lawful currency of Hong Kong;

     "HONG KONG" means the Hong Kong Special Administrative Region of the PRC;

     "IPO" means a listing of the ordinary share capital of the Company on the
     Stock Exchange;

     "INTELLECTUAL PROPERTY RIGHTS" means:

     (a)  patents, trade marks, service marks, registered designs, applications
          and rights to apply for any of those rights, trade, business and
          company names, interne domain names and e-mail addresses, unregistered
          trade marks and service marks, copyrights, database rights, rights in
          software, knowhow, rights in designs and inventions; and

     (b)  rights under licences, consents, orders, statutes or otherwise in
          relation to a right in paragraph (a);

     "INTERNAL IT SYSTEMS" means the information and communications technologies
     used by the Group, including hardware, proprietary and third party software
     and networks;

     "INVESTOR DIRECTOR" means the director appointed from time to time by the
     Investors pursuant to Clause 3.1 of the Shareholders' Agreement, the first
     such Investor Director . being appointed upon Completion;

     "KEY EMPLOYEES" means those individuals whose names and PRC identity
     numbers are set out in Schedule 7;

     "LAST ACCOUNTING DATE" means 31 December 2004;

     "LISTING" means the listing of, and commencement of dealing in, the
     Company's shares (including, but not limited to, those held by the
     Investors) on the Stock Exchange;

     "LISTING RULES" means the Rules Governing the Listing of Securities on The
     Stock Exchange of Hong Kong Limited which are in force from time to time;

     "MATERIAL ADVERSE CHANGE" means any change to the business, operations,
     assets, conditions (financial or otherwise), or prospects of any Group
     Member that is or would

<PAGE>

     reasonably be expected to result in losses, damages, liabilities and claims
     to the Group that in aggregate may reduce in the 12 months from the
     occurrence of the event (or the last of them, as appropriate) the fair
     market value of the Group by not less than US$20,000,000;

     "ORDINARY SHARE EQUIVALENTS" means any security or obligation which is by
     its terms convertible into or, exchangeable or exercisable for Shares or
     other share capital of the Company, including without .limitation, the
     Convertible Redeemable Preference Shares, other convertible preference
     shares or convertible debt instruments, any option, warrant or other
     subscription or purchase right with respect to the Shares or other share
     capital in the Company;

     "OTHER DOCUMENTS" means the Shareholders' Agreement and the Registration
     Rights Agreement to be entered into between the Company and the Investors
     as of the Completion Date and the Performance Adjustment Escrow Agreement;

     "OWNERSHIP ADJUSTMENT DATE" means the earlier of (i) the earliest
     practicable date prior to an IPO and (ii) the Performance Adjustment Date;

     "PARENT GROUP" means with respect to an entity, its direct and indirect
     subsidiaries and Affiliates;

     "PERFORMANCE ADJUSTMENT" means the performance adjustment which is
     calculated in accordance with Clause 8 of the Shareholders' Agreement;

     "PERFORMANCE ADJUSTMENT DATE" means the date upon which adjustments shall
     be performed which shall be a date that falls within 1 month following the
     date the audited accounts of the PRC Company for the year ending 31
     December 2005 are available but in any event no later than 30 June 2006;

     "PERFORMANCE ADJUSTMENT ESCROW AGREEMENT" means the escrow agreement to be
     entered into by the Investors, the Major Shareholders and Law Debenture
     Corporation (or another escrow agent reasonably satisfactory to the
     parties) which is in the agreed form;

     "PERMITTED TRANSFER" means any transfer of Equity Share Capital:

     (i)  to a person who is to hold such Equity Share Capital transferred, as a
          nominee on behalf of the transferor (but excludes any transfer by such
          nominees and a nominee for the purposes of this definition excludes
          any entity that is a member of an Investor);

     (ii) by a nominee to the beneficial owner of such Equity Share Capital to
          another nominee of the same beneficial owner; or

     (iii) to an Affiliate; or

     (iv) in the case of a Major Shareholder to a Family Member;

<PAGE>

     "PRC" means the People's Republic of China excluding, for the purposes of
     this Agreement, Hong Kong, the Macau Special Administrative Region and
     Taiwan;

     "QUALIFIED IPO" has the meaning set out in the Shareholders' Agreement;

     "REGISTRATION RIGHTS AGREEMENT" means the registration rights agreement
     (which shall be based upon the registration rights term sheet which is in
     the agreed form) to be entered into between the Investors and the Company;

     "RESOLUTIONS" means the resolutions of the Company and the Board approving
     execution of this Agreement and the Shareholders' Agreement, inter-alia,
     the creation and allotment of the Subscription Shares and amendments to the
     Articles to include the Terms and Conditions and provided permitted by the
     laws of the Cayman Islands Clauses 3.1 to 3.8, 5.1 and 5.2 of the
     Shareholders' Agreement, and the adoption of such amended Articles;

     "RESTRUCTURING" means the acquisition of at least 80% of the entire issued
     share capital of the PRC Company by the Company or through some other
     entity or entities, all being owned entirely by the Company;

     "RMVIB" means Renrninbi, the lawful currency of the PRC;

     "SECONDARY SALE AMOUNT" means US$7,940,465 the aggregate purchase price for
     the Secondary Shares;

     "SECONDARY SHARES" means the total number of Convertible Redeemable
     Preference Shares to. be sold by the Major Shareholders and bought by the
     Investors that is equal to 2/86'h ownership of the entire issued share
     capital of the PRC Company immediately before Completion;

     "SHAREHOLDERS' AGREEMENT" means the shareholders' agreement relating to the
     Company in the agreed form;

     "SHARE(S)" means ordinary shares of HK$0.01 each in the issued share
     capital of the Company existing on the date of this Agreement and all other
     (if any) stock or shares from time to time and for the time being ranking
     pan passu therewith and all other (if any) stock or shares in the Equity
     Share Capital resulting from any sub-division, consolidation or
     re-classification thereof; having the rights and being subject to the
     restrictions set out in the Articles;

     "STOCK EXCHANGE" means The Stock Exchange of Hong Kong Limited or such
     other internationally recognised stock exchange as may be agreed by any one
     of the Investors and the Major Shareholders in writing from time to time;

     "SUBSCRIPTION AMOUNT" means US$40,000,000 in aggregate, representing (i)
     the Subscription Monies, (ii) the Secondary Sale Amount, and (iii) the DCL
     Amount

     "SUBSCRIPTION MONIES" means US$28,089,302 representing the entire amount
     paid by the Investors for the Subscription Shares;

<PAGE>

     "SUBSCRIPTION SHARES" means the total number of Convertible Redeemable
     Preference Shares to be issued to the Investors and subscribed for by the
     Investors that is equal to x in the following formula:

      US$40,000,000    Total number of Shares in
x = ---------------- x    issue in the Company     Seconary     DCL
    Cayman Pre-Money       immediate prior to    -  Shares  - Shares
        Valuation              Completion

     "TAX" means any form of Taxation, levy, duty, charge, contribution or
     impost of . whatever nature (including any related fine, penalty, surcharge
     or interest) imposed by a Tax Authority;

     "TAX AUTHORITY" means any local, municipal, governmental, state, federal or
     other fiscal, revenue, customs or excise authority, body or official
     anywhere in the world including, without limitation, the Inland Revenue
     Department of Hong Kong, the State Tax Bureau of the PRC and the relevant
     provincial andlor local Tax bureau of the PRC;

     "TERMS AND CONDITIONS" means the terms and conditions of the Convertible
     Redeemable Preference Shares attached at Schedule 6;

     "US$" means the lawful currency of the United States of America;

     "WARRANTIES" means each of the statements set out in Schedule 3 (each a
     "Warranty");

     "WARRANTORS" means each of the Major Shareholders, DCL and the Company; and

     "WARRANTY CLAIM" means a claim made by any of the Investors pursuant to or
     under Clause 5 of this Agreement.

1.2  In this Agreement, a reference to:

     1.2.1 a "CERTIFIED COPY" is a reference to a document certified by a
          director of the Company as being a true and complete copy of the
          original;

     1.2.2 "COSTS" includes a reference to costs, charges and expenses of every
          description;

     1.2.3 a "SUBSIDIARY" or "holding company" shall be construed in accordance
          with Section 2 of the Companies Ordinance;

     1.2.4 a document in the "agreed form" is a reference to a document in
          substantially the form approved and for the purposes of identification
          initialled by or on behalf of each of the parties;

     1.2.5 a "PERSON" includes a reference to a body corporate, association,
          joint venture or partnership, in each case, whether incorporated or
          not;

     1.2.6 a "PERSON" includes a reference to that person's heir, legal personal
          representative or successors;

<PAGE>

     1.2.7 a "PARTY" is a reference to a party to this Agreement by virtue of it
          having executed this Agreement and "parties" means all of them;

     1.2.8 "INCLUDING" shall be construed without limitation; and

     1.2.9 a Recital, a Clause or a Schedule, unless the context requires
          otherwise, is a reference to a Recital of, Clause of or a Schedule to
          this Agreement.

1.3  Where a consent or approval is expressed in this Agreement to be required
     of the Investors it shall be deemed to have been given if the relevant
     matter or transaction has been approved by (i) any one of the Investors in
     writing and (ii) the Investor Director in compliance with all procedures in
     the Articles regarding notice and Board meetings and either (a) Clauses
     1.3.1 to, 1.3.3 have all been satisfied or (b) Clause 1.3.4 has been
     satisfied:

     1.3.1 been approved at a Board meeting at which the, Investor Director is
          present with the Investor Director affirmatively voting in favour of
          the specific relevant matter or transaction;

     1.3.2 been recorded clearly in the minutes of that Board meeting as a
          matter which requires the consent of the Investors and which has
          received the prior consent of the Investor Director; and

     1.3.3 a copy of the board minutes of the relevant meeting has been
          acknowledged in writing or countersigned by the Investor Director as
          representing a true and accurate record of the matters discussed and
          agreed at that meeting by such Investor Director; or

     1.3.4 been consented to in advance in writing by the Investor Director.

     The Investor Director shall at all times be authorised to exercise the
     approval rights of an Investor on behalf of all the Investors distinct from
     the exercise of approval rights in his capacity as an Investor Director.
     Such approval rights shall be exercised . . contemporaneously with the
     exercise of Investor Director approval rights but by way of a separate
     written instrument.

     For the avoidance of doubt, if consent is sought and obtained from an
     Investor andlor an Investor Director, such consent shall be binding on all
     other Investors, and in the event that consent is requested in writing from
     an Investor and/or an Investor Director and no reply is received within 5
     Business Days of such request, consent shall be deemed to have been granted
     by the Investors in the case of a request made of an Investor, and by the
     Investor Director in the case of a request made of an Investor Director.

1.4  The headings in this Agreement do not affect its interpretation.

2.   CONDITIONS AND CONDUCT BEFORE COMPLETION

2.1  Completion is subject to and conditional upon the following conditions:

<PAGE>

     2.1.1 receipt of all necessary approvals and consents required in
          connection with the Restructuring and/or the matters contemplated
          herein from any Government Authority;

     2.1.2 completion of the Restructuring in accordance with applicable laws
          and regulations and resulting in a corporate structure that can
          qualify the Company for Listing pursuant to Chapter 8 of the Listing
          Rules, save that in the event that the Subscription Amount is required
          to effect the Restructuring and if all other PRC approvals necessary
          for the completion of the Restructuring, other than any payment
          obligations have been satisfied, then this Condition shall be deemed
          to have been satisfied;

     2.1.3 written confirmation, although this need not be in the form of an
          opinion and for the avoidance of doubt can be in the form of an email,
          from the accountants of the PRC Company (who shall be a Big 4
          accounting firm) that following completion of the Restructuring it
          will be appropriate under IFRS to adopt the pooling/merger method to
          account for the combined results of the Company and the PRC Company;

     2.1.4 Cayman Islands counsel for the Company has provided a legal opinion
          addressed to the Investors substantially in the agreed form;

     2.1.5 PRC counsel for the Company being King & Wood or some other counsel
          acceptable to the Investors, has provided a legal opinion addressed to
          the Investors covering those matters referred to in Schedule 4;

     2.1.6 the passing of the Resolutions;

     2.1.7 no material breach of this Agreement and the Warranties shall have
          been true, complete and accurate, and not misleading when made and
          shall be true, complete and accurate, and not misleading as of the
          Completion Date as if made as of the Completion Date; provided,
          however, that unless a material breach of this Agreement or of any
          Warranty when made and as at the Completion Date is or is reasonably
          likely to amount to, when aggregated with any other breach of any
          Warranty or other obligation under this Agreement, a reduction of no
          less than US$20,000,000 to the fair market value of the Group, this
          Condition shall be deemed to have been satisfied;

     2.1.8 no Government Authority has commenced any action in connection with
          or in anticipation of the transactions hereunder (including the
          Restructuring and any acquisition of an interest in the Company by the
          Major Shareholders) that would render any such transactions void; or
          enacted any statute or regulation which would prohibit or materially
          restrict (i) the transactions contemplated

     2.1.9 there has been no Material Adverse Change; and

<PAGE>

     2.1.10 Law Debenture Corporation (or another escrow agent reasonably
          satisfactory to the parties), the Investors and the Major Shareholders
          have executed the Performance Adjustment Escrow Agreement in the
          agreed form,

     (together the "CONDITIONS") being satisfied (or in the case of Conditions
     2.1.1, 2.1.2 and 2.1.10 being waived in writing by mutual agreement between
     the Company, DCL, the Major Shareholders and any one of the Investors and
     in the case of Conditions 2.1.3 to 2.1.9 being waived in writing by any one
     of the Investors) as soon as practicable following execution of this
     Agreement.

2.2  The Company, DCL, the PRC Company and each of the Major Shareholders shall
     each use its best endeavours to ensure the satisfaction of the Conditions
     set out in Clause 2.1.

2.3  If, at any time, any party becomes aware of a fact or circumstance that
     might prevent a Condition from being satisfied, it shall immediately inform
     the other Parties of the matter in writing.

2.4  If the Conditions are not satisfied (or in the case of Conditions 2.1.1,
     2.1.2 and 2.1.10 waived in writing by mutual agreement between the Company,
     DCL, the Major Shareholders and any one of the Investors and in the case of
     Conditions 2.1.3 to 2.1.9 waived in writing by any one of the Investors) on
     or before the Cut-off Date, then this Agreement (other than Clauses 8, 9,
     10, 11 and 12) shall automatically terminate and the parties shall have no
     further obligations under this Agreement other than in respect . of Clauses
     8, 9, 10, 11 and 12 but without prejudice to any accrued liabilities.

2.5  Save for as required in furtherance of completion of the Restructuring and
     as expressly contemplated under the terms of this Agreement, at all times
     prior to the Completion Date, the Company, DCL, the PRC Company and each of
     the Major Shareholders undertake to the Investors that, subject to
     compliance with all applicable laws and regulations, no Group Member shall
     without the prior consent of any one of the Investors (such consent not to
     be unreasonably withheld or delayed):

     2.5.1 enter into any merger or consolidation of any Group Member with one
          or more entities;

     2.5.2 commence liquidation, unwinding or dissolution of any Group Member,
          or the filing of bankruptcy or similar proceedings;

     2.5.3 dispose of, either singly or in a series of transactions,' any assets
          or property (other than in the ordinary course of business) owned by
          any Group Member with a cumulative value of more than RMB100 million;

     2.5.4 make any amendments (by merger or otherwise) to any Group Member's
          articles of association or other constitutional documents save for any
          incidental amendments required to be made to the articles of
          association of the PRC Company in connection with operating matters in
          the ordinary course of business, provided that the scope or
          consequences of such amendments are not

<PAGE>

          likely to directly or indirectly circumvent or alter the rights of the
          Investors or the approval rights of the Investors hereunder;

     2.5.5 make any change to the authorized or issued share capital (including
          the issuance of options or other rights to subscribe for such share
          capital) of any Group Member;

     2.5.6 amend (by merger or otherwise) the rights, preferences, privileges or
          powers of the Convertible Redeemable Preference Shares;

     2.5.7 retain any external professional advisor other than a Big 4
          accounting firm to provide Tax advisory services to the Group or to
          assist in the preparation of Tax returns;

     2.5.8 enter into any transaction or series of related transactions, which
          has as an objective and/or the effect of securing a Tax benefit;

     2.5.9 implement any Tax-motivated restructuring of the Group or of the
          business, operations or practices thereof;

     2.5.10 adopt any share option or share incentive scheme or employee share
          trust or share ownership plan;

     2.5.11 declare any dividends or other distribution with respect to any
          equity security;

     2.5.12 take out any loan or incur any indebtedness in excess of RMB 100
          million, whether in a single transaction or a series of related
          transactions which occur within a three-month period;

     2.5.13 make any capital commitment with an aggregate value in excess of
          RMB100 million, whether in a single transaction or a series of related
          transactions, by any Group Member unless such commitment has already
          been approved;

     2.5.14 conduct any transaction or series of transactions in excess of RMB2
          million with a Major Shareholder (or any of its Affiliates or Family
          Members) or a director of a Group Member or an Associate of any such
          director;

     2.5.15 make any change in any Group Member's auditors;

     2.5.16 make any material changes to any Group Member's annual budget
          (including the Annual Budget);

     2.5.17 grant any security over any material assets of any Group Member or
          extend a loan to or guarantee any loans for any party which is not a
          Group Member; or

     2.5.18 make any loan or advance to any person, firm, body corporate - or
          other business other than in the normal course of business and on an
          arm's length
<PAGE>

2.6  At all times prior to the Completion Date, the Company, DCL, the PRC
     Company and each of the Major Shareholders undertake to the Investors that:

     2.6.1 it shall promptly disclose to any one of the Investors all relevant
          information which comes to its attention in relation to any fact or
          matter (whether existing on or before the date of this Agreement or
          arising afterwards) which may constitute a material breach of this
          Agreement or of any Warranty if the Warranties were to be repeated on
          or at any time before Completion by reference to the facts and
          circumstances then existing as if references in the Warranties to the
          date of this Agreement were references to the relevant date; and

     2.6.2 it shall fully notify and consult with the Investors, or procure that
          the Investors are fully notified and consulted with, in relation to
          any matters which may result in a Material Adverse Change.

3.   COMPLETION

3.1  Completion will take place at the offices of Clifford Chance in Hong Kong
     on the Completion, Date or at such other place as the parties may agree. At
     Completion all of the following shall take place (to the extent that it has
     not taken place prior to Completion):

     3.1.1 the Investors shall subscribe for such number of Convertible
          Redeemable Preference Shares set against its name in Clause 3.1.2 and
          pay the corresponding amount of the Subscription Monies in cash in
          clear and immediately available funds on the same date to such account
          as may be designated by the Company in writing not less than 2
          Business Days before the Completion Date;

     3.1.2 against receipt of the Subscription Monies in full, the Company shall
          issue and allot to each Investor such percentage of the total number
          of Subscription Shares (credited as fully paid) set opposite its name
          in accordance with the following breakdown and the Company shall enter
          each Investor's name in the register of members of the Company;

<TABLE>
<CAPTION>
                                               Percentage of
                                            Subscription Shares   Portion of Subscription
Investor                                         Subscribed        Monies Payable in USS
--------                                    -------------------   -----------------------
<S>                                         <C>                   <C>
GS CAPITAL PARTNERS V FUND, L.P.                  52.6560                14,790,703
GS CAPITAL PARTNERS V OFFSHORE FUND, L.P.         27.1999                 7,640,262
GS CAPITAL PARTNERS V GmbH & CO. KG               18.0565                 5,071,945
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
                                               Percentage of
                                            Subscription Shares   Portion of Subscription
Investor                                         Subscribed        Monies Payable in USS
--------                                    -------------------   -----------------------
<S>                                         <C>                   <C>
GS CAPITAL PARTNERS V INSTITUTIONAL, L.P.          2.0876                   586,392
</TABLE>

     3.1.3 a person to be designated by the Investors shall be appointed to the
          Board as the Investor Director;

     3.1.4 the Investors shall purchase and the Major Shareholders shall sell
          such percentage of the total number of Secondary Shares set out
          against its name below and the Investors shall pay the corresponding
          amount of the Secondary Sale Amount in cash in clear and immediately
          available funds on the same date to an account designated by the Major
          Shareholders in writing not less than 2 Business Days before the
          Completion Date:

<TABLE>
<CAPTION>
                                            Percentage of Secondary   Portion of Secondary Sale
Investor                                        Shares Purchased        Amount Payable in US$
--------                                    -----------------------   -------------------------
<S>                                         <C>                       <C>
GS CAPITAL PARTNERS V FUND, L.P.                    52.6560                   4,181,131
GS CAPITAL PARTNERS V OFFSHORE FUND, L.P.           27.1999                   2,159,799
GS CAPITAL PARTNERS V GmbH & CO. KG                 18.0565                   1,433,770
GS CAPITAL PARTNERS V INSTITUTIONAL, L.P.            2.0876                     165,765
</TABLE>

     3.1.5 the Investors shall purchase and DCL shall sell such percentage of
          the total number of DCL Shares set out against its name below and each
          Investor shall pay the corresponding amount of the DCL Amount in cash
          in clear and immediately available funds on the same date to an
          account designated by DCL in writing not less than 2 Business Days
          before the Completion Date:

<TABLE>
<CAPTION>
                                            Percentage of DCL       Portion of DCL
Investor                                     Shares Purchased   Amount Payable in US$
--------                                    -----------------   ---------------------
<S>                                         <C>                 <C>
GS CAPITAL PARTNERS V FUND, L.P.                 52.6560              2,090,566
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
                                            Percentage of DCL       Portion of DCL
Investor                                     Shares Purchased   Amount Payable in US$
--------                                    -----------------   ---------------------
<S>                                         <C>                 <C>
GS CAPITAL PARTNERS V OFFSHORE FUND, L.P.        27.1999              1,079,899
GS CAPITAL PARTNERS V GmbH & CO. KG              18.0565                716,885
GS CAPITAL PARTNERS V INSTITUTIONAL; L.P.         2.0876                 82,883
</TABLE>

     3.1.6 the Company shall deliver to the Investors:

          (a)  the Shareholders' Agreement and the Registration Rights Agreement
               duly executed by all the parties thereto except the Investors and
               if the Major Shareholders hold Shares through a corporate entity,
               deeds of adherence to the Shareholders' Agreement and this
               Agreement will be executed by each such entity and delivered by
               the Company, the effect of which will be that each such entity
               will accede to all the obligations of the relevant Major
               Shareholder in the Shareholders' Agreement and under thin
               Agreement;

          (b)  subject to receipt of payment of the Subscription Monies in full
               or a copy of irrevocable wire instructions to the Investors' bank
               for the remittance of the Subscription Monies, share
               certificate(s) for the Convertible Redeemable Preference Shares
               in the name of the Investors as set out in Clause 3.1.2; and

          (c)  share certificates for the Secondary Shares as set out in Clause
               3.1.4;

          (d)  share certificates for the DCL Shares as set out in Clause 3.1.5;

     3.1.7 the Investors shall deliver:

          (a)  to the Company the Shareholders' Agreement and the Registration
               Rights Agreement duly executed by all the Investors; and

          (b)  written authorisation confirming each Investor's authority to
               enter into this Agreement and the Other Documents, and the
               consummation of the transactions contemplated herein; and

          (c)  a copy of irrevocable wire transfer instructions to the
               Investors' bank for the remittance of the Subscription Monies,
               the Secondary Sale Amount and the DCL Amount;
<PAGE>

     3.1.8 the Major Shareholders shall deliver:

          (a)  to the Company their existing share certificates in relation to
               the Secondary Shares; and

          (b)  to the relevant Investor an instrument of transfer, duly executed
               in favour of the Investors to reflect the Secondary Shares being
               transferred to each Investor in accordance with and as set out in
               Clause 3.1.4;

     3.1.9 DCL shall deliver to the Company their existing share certificate in
          relation to the DCL Shares and shall deliver to the relevant Investor
          an instrument of transfer, duly executed in favour of the Investors to
          reflect the DCL Shares being transferred to each Investor in
          accordance with and as set out in Clause 3.1.5; and

     3.1.10 The parties shall instruct Clifford Chance, Hong Kong to deliver to
          Law Debenture Corporation (or some other escrow agent) the Escrowed
          Share Transfer Instruments and the Escrowed Share Certificates.

3.2  The obligations of each of the Investors pursuant to Clause 3.1.1, Clause
     3.1.4 and Clause 3.1.5 shall be joint and several as between all of the
     Investors, such that if any one of the Investors default in their
     obligations under Clause 3.1.1, Clause 3.1.4 or Clause 3.1.5, the
     non-defaulting Investors are jointly and severally liable to perform the
     obligations of the defaulting Investor thereunder. Without prejudice to the
     Company's rights pursuant to Clause 3.3, the Company, DCL and the Major
     Shareholders are not obliged to complete this Agreement unless each
     Investor complies with all of its obligations under this Clause 3.

3.3  Neither the Investors, the Company, the Major Shareholders nor DCL shall be
     obliged to complete the issue of the Subscription Shares or the sale and
     purchase of the Secondary Shares and DCL Shares unless the issue of the
     Subscription Shares and the sale and purchase of the Secondary Shares and
     DCL Shares are completed simultaneously.

3.4  If Completion does not take place in accordance with Clause 3.1 because
     either the Company, DCL, the Major Shareholders or any one of the Investors
     fails to comply with any of its obligations under this Clause 3 by or on
     the Completion Date, the Company, DCL and the Major Shareholders (in the
     case of such failure of an Investor) or the Investors (in the case of such
     failure of the Company, DCL and the Major Shareholders) may, without
     prejudice to other remedies, by notice to the other:

     3.4.1 proceed to Completion to the extent reasonably practicable;

     3.4.2 postpone Completion to a date not more than 30 days after the date
          set for Completion in Clause 3.1 or any other date to be mutually
          agreed between the parties in writing; or

     3.4.3 terminate this Agreement (other than Clauses 8, 9, 10, 11 and 12)
          whereupon the parties shall have no further obligations under this
          Agreement other than in

<PAGE>

          respect of Clauses 8, 9, 10, 11 and 12 but without prejudice to any
          accrued liabilities.

3.5  In accordance with the terms of the Instruction Letter to Clifford Chance
     in the agreed form, the Investors' legal or other advisers and the
     Investors or their representatives shall be entitled, prior to the date of
     Completion, to inspect at the offices of Clifford Chance, Hong Kong all
     documents to be delivered by the Major Shareholders', DCL and the Company
     under this Clause 3.

4.   USE OF PROCEEDS

     The Company shall use the Subscription Monies received by it from the
     Investors pursuant to Clause 3.1.1 for general working capital purposes,
     expanding new business lines, expanding production capacity for medical
     equipment, research and development, acquisition of business or assets, or
     otherwise in connection with the operation or development of the business
     of the Group or if appropriate; for facilitating the Restructuring or as
     shareholder loans to other Group Members, or use such money to subscribe
     for shares in any Group Member or for any other purposes, save that the
     proceeds of the subscription monies are not to be distributed to
     shareholders of the Company or any Group Member unless with the prior
     consent of any one of the Investors.

5.   WARRANTIES

5.1  Each of the Warrantors hereby severally, and not jointly and severally,
     warrants, to the Investors that each of the Warranties is true, accurate
     and not misleading at the date of this Agreement and as at the Completion
     Date by reference to the facts and circumstances as at that date.

5.2  Each of the Warranties is separate and independent and the Investors shall
     have a separate claim and right of action in respect of every breach.
     Subject to Clause 5.5.5, the Warranties shall continue in full force and
     effect after Completion.

5.3  Each of the Warranties is given subject to the matters fully and fairly
     disclosed in the Disclosure Letter and by any matter expressly contemplated
     under the terms of this Agreement or as required in furtherance of
     completion of the Restructuring.

5.4  A reference in Schedule 3 to the Warrantors' knowledge, information, belief
     or awareness, means the actual knowledge, information, belief or awareness
     which a Warrantor has as at the date of this Agreement, provided that the
     Warrantors shall be deemed to have constructive knowledge if any Warrantor
     should reasonably be expected to possess such knowledge, information,
     belief or awareness after making all reasonable enquiries.

5.5  Save for any Warranty Claim arising (or any delay in the discovery of which
     arises) as a result of fraud, wilful misrepresentation or gross negligence
     on the part of the relevant Warrantor:

<PAGE>

     5.5.1 the aggregate liability of the Warrantors to the Investors for all
          Warranty Claims made by either one or all of the Investors shall not
          exceed US$40,000,000;

     5.5.2 in respect of each Warrantor (except the Company whose aggregate
          liability for all Warranty Claims shall not exceed US$28,089,302), the
          aggregate liability of a Warrantor for all Warranty Claims shall not
          exceed the amount set opposite his or its name in the relevant column
          of Schedule 1 Part A;

     5.5.3 the liability of each Warrantor (except the Company whose liability
          in respect of any Warranty Claim for which it is liable shall not
          exceed 70% of the relevant Warranty Claim) in respect of any Warranty
          Claim for which he/it is liable shall not exceed the proportion of the
          relevant Warranty Claim which equals the proportion set opposite his
          or its name in the relevant column of Schedule 1;

     5.5.4 no Warrantor shall be liable in respect of a Warranty Claim unless
          the total amount of one or more Warranty Claim(s) exceeds
          US$1,000,000;

     5.5.5 the Warrantors shall not be liable in respect of a Warranty Claim
          unless

          (a)  written particulars thereof (stating in reasonable detail the
               nature of the Warranty Claim) shall have been notified in writing
               to each of them on or before the date which is the earlier of:

               (i)  three years after the date of completion; and

               (ii) three months after the publication of the audited
                    consolidated accounts of the Group for the first financial
                    year after Listing; or

               (iii) in relation to a Warranty Claim brought pursuant to the
                    Warranties set out in paragraph 7 of Schedule 3, written
                    particulars thereof shall have been notified in writing to
                    each of them on or before the expiration of all applicable
                    statutes of limitation with respect to the matters contained
                    in paragraph 7 of Schedule 3; and

          (b)  if the relevant Warranty Claim notified in accordance with Clause
               5.5.5(a) has not been satisfied, settled or withdrawn,
               proceedings in respect of the Warranty Claim shall have been
               commenced in accordance with Clause 12 within two months of the
               expiry of the notice of the dispute served in accordance with
               Clause 12.2;

     5.5.6 the Warrantor shall not be liable in respect of a Warranty Claim to
          the extent that any Group Member recovers any sum (whether by payment,
          discount, credit or otherwise) from any third party in respect of any
          matter or event which could give rise to such Warranty Claim against
          the Warrantors hereunder, and any such sum has been recovered; and, in
          the event of such recovery occurring after the Warranty Claim has been
          satisfied by the Warrantors, the Investors shall account

<PAGE>

          to the Warrantors in respect of its pro-rated share of any amount so
          recovered up to the amount of the Warranty Claim;

     5.5.7 no liability shall attach to any of the Warrantors in respect of any
          Warranty Claim:

          (a)  to the extent that provision or reserve in respect of the matter
               giving rise to such Warranty Claim has been provided for or noted
               in the Accounts or that such matter or thing has been taken into
               account therein;

          (b)  if such Warranty Claim would not have arisen but for a change in
               the rate of Tax or a change in legislation made after the date
               hereof or a change in the interpretation of the law after the
               date hereof or a change by the relevant Tax Authority in the
               method of applying or calculating the rate of Tax after the date
               hereof or a change in any extra statutory concession or practice
               previously made by any revenue authority (whether or not such
               change purports to be effective retrospectively in whole or in
               part) or if such Warranty Claim would not have arisen but for any
               judgment delivered after the date hereof;

          (c)  to the extent that such Warranty Claim would not have arisen but
               for a change (excluding any change self imposed by the Group) in
               the treatrnent of assets and liabilities (including capital
               allowances) in the future accounts of the Group; or

          (d)  to the extent. that the amount thereof corresponds to an increase
               in the value of the assets of any other Group Member (minority
               interests shall be taken into account for this purpose) resulting
               from a reduction in its liability to Tax except insofar as such
               increase is attributable to any decrease in rates of Tax, or
               variation by the relevant Tax Authority in the method of applying
               or calculating the rate of Tax, made after the date of
               Completion.

5.6  All payments made by any party under this Clause 5 shall be made gross,
     free of right of counterclaim or set off and without deduction or
     withholding of any kind. If any deduction or withholding is required by
     law, the Warrantor making the payment shall be obliged to pay the Investors
     such additional sum (on a grossed-up basis) as will, after all deductions
     or withholdings have been made, leave the Investors with the same amount as
     it would have been entitled to receive in the absence of any such
     requirement to make a deduction or withholding.

5.7  The provisions of Clauses 5.6 to 5.10 apply notwithstanding any other
     provision of this Agreement and will not be discharged or cease to have
     effect in consequence of any rescission or termination of any other
     provisions of this Agreement.

     58 Nothing in this Clause 5 shall limit or restrict an Investor's general
     obligation at law to mitigate any loss or damage which it may incur in
     consequence of any matter giving rise to a Warranty Claim.

<PAGE>

5.8  Nothing in this Clause 5 shall have the effect of limiting or restricting
     any liability as a result of any fraud, wilful misconduct or gross
     negligence.

5.9  No Major Shareholder shall have any right of contribution from the Company
     or the PRC Company or other recourse against the Company or the PRC Company
     in respect of any liability such Major Shareholder may incur hereunder.

5.10 Each of the Warrantors shall indemnify the Investors and the Company for
     any Tax liability (save as disclosed in the Accounts) arising in respect
     of, by reference to or in consequence of (i) any income, profit or gains
     earned, accrued or received on or before the Last Accounting Date or (ii)
     any event which occurs or occurred on or before the Last Accounting Date.

6.   AUTHORITY AND CAPACITY

6.1  Each of the Company, DCL, the PRC Company and the Major Shareholders
     represents, warrants and undertakes to and with the Investors that the
     execution and delivery of, and the performance by it of its obligations
     under, this Agreement and the Other Documents, as applicable, in accordance
     with and subject to the terms and conditions of this Agreement including,.
     without limitation, the Conditions will not result in a breach of any
     provision of its memorandum or article', of association or equivalent
     constitutional documents.

6.2  Each Investor represents, warrants and undertakes to and with the Company,
     DCL and the Major Shareholders that:

     6.2.1 it is a limited partnership duly established and validly existing
          under the laws of its jurisdiction of establishment;

     6.2.2 it has the legal right and full power and authority to enter into and
          perform this Agreement and the Other Documents, which when executed
          will constitute valid and binding obligations on it, in accordance
          with their respective terms;

     6.2.3 the execution and delivery of, and the performance by it of its
          obligations under, this Agreement and the Other Documents in
          accordance with and subject to the terms and conditions of this
          Agreement including, without limitation, the Conditions will not
          result in a breach of any provision of its memorandum or articles of
          association or equivalent constitutional documents; and

     6.2.4 all of the information contained in Part B of Schedule 1 is true and
          accurate in all respects.

7.   COSTS AND FEES

     Upon Completion, the Company shall pay for the professional fees, costs and
     expenses reasonably and actually incurred by the Investors, up to a maximum
     amount of US$250,000 and shall not be responsible for any professional fees
     exceeding such sum.

<PAGE>

     Subject to production of proof, such professional fees shall be deducted
     from the Subscription Monies payable by the Investors on Completion.

8.   ANNOUNCEMENTS

     Except as required by law, regulation or legal process, no announcement in
     relation to the transactions contemplated by this Agreement shall be made
     without the prior consent of any one of the Investors in the case of an
     announcement by either any one of the Major Shareholders, the Company or
     DCL and in the case of an announcement by any one of the Investors not
     without the prior consent of any one of the Major Shareholders, DCL and the
     Company.

9.   NOTICES AND OTHER COMMUNICATIONS

9.1  Any notice or other communication under or in connection with this
     Agreement shall be in writing and shall be delivered personally or sent by
     registered post in a pre-paid envelope (and air mail in the case of an
     address outside Hong Kong) or by facsimile, to the party due to receive the
     notice or communication at its address set out in Clause 9.3 or such other
     address as a party may specify by notice in writing to the others.

9.2  In the absence of evidence of earlier receipt, any notice or communication
     shall be deemed to have been duly given:

     9.2.1 if delivered personally, when left at the address stated in Clause
          9.3 (or where such time is outside the normal business hours of the
          recipient, on the opening of the next following Business Day);

     9.2.2 if sent to an address in Hong Kong, on the Business Day after posing
          it,

     9.2.3 if sent by air mail to an address outside Hong Kong, five Business
          Days after posting it; and

     9.2.4 if sent by facsimile, when confirmation of its transmission has been
          recorded by the sender's fax machine (or where such time is outside
          the normal business hours of the recipient, on the opening of the next
          following Business Day).

9.3  The addresses referred to in Clause 9.1 are:

     THE MAJOR SHAREHOLDERS

     Address:        Mindray Building, Keji 12th Road South,
                     Hi-tech Industrial Park, Nanshan,
                     Shenzhen, PRC, 518057
     Attention:      Xu Hang/Li Xiting/Cheng Minghe
     Facsimile No:   +86 755 2658 2800

     DCL

     Address:        OMC Chambers, P.O. Box 3152, Road Town, Tortola, British

<PAGE>

                     Virgin Islands
     Attention:      Shao Ming
     Facsimile No:   +86 755 8351 6953

     THE INVESTORS

     Address:        Goldman Sachs (Asia) L.L.C., Cheung Kong Center,
                     68 (Corrupted Text) Floor, 2 Queen's Road
                     Central, Hong Kong.
     Attention:      Joyce Hsu
     Facsimile No:   +852 2978 0440

     COMPANY

     Address:        Mindray Building, Keji 12th Road South,
                     Hi-tech Industrial Park, Nanshan,
                     Shenzhen, PRC, 518057
     Attention:      Xu Hang
     Facsimile No:   +86 755 2658 2800

10.  CONFIDENTIAL INFORMATION

     Subject to the provisions of this Clause 10, each party shall keep
     confidential information (Corrupted Text) from the Company relating to the
     Company's business and/or (Corrupted Text) affairs (Corrupted Text) the
     Group and/or any information regarding the Major Shareholders or DCL (the
     "CONFIDENTIAL INFORMATION") confidential unless:

10.1 that information comes into the public domain otherwise than throne: a bres
     of that party's obligations under this Clause 10; or

10.2 such information is required to be disclosed by law, by. a rule of a
     securities exchange on which that person's shares (or the shares of a
     member of that person's Parent Group) are listed or traded or by a
     governmental authority or other authority with relevant powers to which a
     person (or a member of that person's Parent Gregp) is subject or submits,
     whether or not the requirement has the force of law, provided that such
     disclosure shall, so far as is practicable, be made after consultation with
     the Company and after taking into account the Company's reasonable
     requirements as to its timing, content and manner of making or despatch,

     PROVIDED THAT each party may disclose Confidential Information when such
     disclosure is required, to:

          (a)  members of that party's Parent Group;

          (b)  an employee or director of, or professional adviser, to any
               member of that party's Parent Group; or

          (c)  any person to whom it is proposing to transfer shares in
               accordance with the provisions of this Agreement,

<PAGE>

               (which disclosure shall be expressly permitted under the terms of
               this Agreement) provided that the Party shall use reasonable
               endeavours to ensure that the recipient of the Confidential
               Information complies with the provisions of this Clause 10 and a
               breach by the recipient is deemed to be a breach of the party
               that

11.  MISCELLANEOUS

11.1 The provisions of this Agreement shall be binding upon and accrue to the
     benefit of the parties and their respective heirs, authorised
     representatives, successors and assigns.

11.2 This Agreement may be amended only by a written document signed by all the
     parties.

11.3 Any liability to any party hereunder may in whole or in part be released,
     compounded or compromised or time or indulgence given by that party in
     their absolute discretion as regards the other party under such liability
     without in any way prejudicing or affecting the rights of the party to whom
     such liability is owed against any such other party subject to the same or
     a like liability whether joint or several or otherwise.

11.4 Nothing contained in this Agreement shall be deemed to constitute a
     partnership between the parties and the parties shall not be deemed to be
     connected with each other solely because they are parties to this
     Agreement.

11.5 No failure to exercise or delay in exercising or enforcing- any right or
     remedy under this Agreement shall constitute a waiver thereof and no single
     or partial exercise or enforcement of any right or remedy under this
     Agreement shall preclude or restrict the. further exercise or enforcement
     of any such right or remedy. The rights and remedies provided in this
     Agreement are (Corrupted Text) and not exclusive of (Corrupted Text) and
     remedies provided by law.

11.6 The invalidity, illegality or unenforceability of any provision of this
     Agreement shall not affect the continuation in force of the remainder of
     this Agreement.

11.7 This Agreement may be executed in any number of counterparts all of which
     duly executed and delivered shall constitute the same instrument.

11.8 None of the parties to this Agreement may assign or transfer any of its
     rights or obligations under this Agreement with the exception that a party
     may assign all rights and obligations under this Agreement to a transferee
     in connection with a Permitted Transfer.

12.  GOVERNING LAW AND ARBITRATION

12.1 This Agreement shall be governed by and construed in accordance with the
     laws of Hong Kong.

12.2 If any dispute between the parties arises in connection with this
     Agreement, they shall use all reasonable endeavours to resolve the matter
     amicably. If one party gives another notice that a material dispute has
     arisen and those parties are unable to resolve the dispute

<PAGE>

     within 30 days of service of notice, then the dispute shall be referred to
     arbitration in accordance with Clause 12.3.

12.3 All disputes arising out of or in connection with this Agreement shall be
     finally settled under the Rules of Arbitration of the International Chamber
     of Commerce by three arbitrators appointed in accordance with the said
     Rules. The arbitration institute shall be the International Court of
     Arbitration of the International Chamber of Commerce. The place of
     arbitration shall be in Hong Kong. The language of the arbitration shall be
     English.

13.  PREVIOUS AGREEMENTS

     The parties acknowledge that this Agreement will replace any agreement
     (whether in writing or not) entered into by any party relating to the
     Company or shareholdings in the Company.

AS WITNESS the hands of the parties or their duly authorised representatives the
day nd year first above written.

<PAGE>

                                   SCHEDULE 1

                         PART A - THE MAJOR SHAREHOLDERS

<TABLE>
<CAPTION>
             (I)                              (2)                                 (3)
NAME AND IDENTITY NUMBER (IF   PROPORTION OF ANY CLAIM UNDER THE   MAXIMUM AGGREGATE LIABILITY UNDER
         APPLICABLE)           WARRANTIES FOR WHICH IT IS LIABLE             THE WARRANTIES
----------------------------   ---------------------------------   ---------------------------------
<S>                            <C>                                 <C>
Xu Hang                                        6%                             US$2,382,140
No. 440301196205186972

Li Xiting                                     12%                             US$4,764,279
No. 420106510617441

Cheng Minghe                                   2%                              US$794,047
No. 310104611009045

DCL                                           10%                             US$3,970,233
</TABLE>

<PAGE>

                             PART B - THE INVESTORS

<TABLE>
<S>  <C>                                <C>
1.   GS CAPITAL PARTNERS V FUND, L.P.

     -    nature (e.g. limited
          liability company):           Limited partnership

     -    place of incorporation:       Delaware

     -    registered office:            The Corporation Trust Company,
                                        Corporation Trust Center, 1209 Orange
                                        Street, Wilmington,
                                        Delaware 19801, USA

     -    relationship with other
          Investors:                    General Partner:
                                        Affiliates of the Goldman Sachs Group,
                                        Inc.

2.   GS CAPITAL PARTNERS V OFFSHORE FUND, LP.

     -    nature (e.g. limited
          liability company):           Limited partnership

     -    place of incorporation:       Cayman Islands

     -    registered office:            c/o M&C Corporate Services Limited, P.O.
                                        Box 309, Grand Cayman, Cayman Islands,
                                        British West Indies

     -    relationship with other
          Investors:                    General Partner:
                                        Affiliates of the Goldman Sachs Group,
                                        Inc.

3.   GS CAPITAL PARTNERS V GmbH & CO. KG

     -    nature (e.g. limited
          liability company):           Limited partnership

     -    place of incorporation:       Germany

     -    registered address:           c/o Goldman, Sachs & Co., OHG,
                                        Messeturm, Friedrich-Ebert-Anlage, 49,
                                        60323 Frankfurt/Main Germany

     -    relationship with other
          Investors:                    General Partner:
                                        Affiliates of the Goldman Sachs Group,
                                        Inc.

4.   GS CAPITAL PARTNERS V INSTITUTIONAL, L.P.

     -    nature (e.g. limited
          liability company):           Limited partnership
</TABLE>

<PAGE>

<TABLE>
<S>  <C>                                <C>
     -    place of incorporation:       Delaware

     -    registered office:            The Corporation Trust Company,
                                        Corporation Trust Center, 1209 Orange
                                        Street, Wilmington, Delaware 19801, USA

     -    relationship with other
          Investors:                    General Partner:
                                        Affiliates of the Goldman Sachs Group,
                                        Inc.
</TABLE>
<PAGE>

                                   SCHEDULE 2

                          PART A - DETAILS OF THE GROUP

<TABLE>
<S>  <C>                                    <C>
A.   THE COMPANY

     1.   Company number                    CT-150186

     2.   Address of registered office      c/o Codan Trust Company (Cayman)
                                            Limited, Century Yard, Cricket
                                            Square, Hutchins Drive, P.O. Box
                                            2681 GT, George Town, Grand Cayman,
                                            British West Indies

     3.   Date and place of incorporation   10 June 2005
                                            Cayman Islands

     4.   Ar,horised share capital          HK$380,000

     5.   Issued share capital              HK$0.01

     6.   Directors                         Xu Hang
                                            Li Xiting

     7.   Auditors                          Deloitte Touche Tohinatsu

B.   PRC COMPANY

     1.   Company number                    Qi Gu Yue Shen Zong Zi No. 109722

     2.   Address of registered office      Mindray Building, Keji 12th Road
                                            South, Hi-tech Industrial Park,
                                            Nanshan, Shenzhen, PRC, 818057

     3.   Date and place of incorporation   25 January 1999
                                            Shenzhen, PRC

     4.   Authorised share capital          RMB86,000,000

     5.   Issued share capital              RBM86,000,000

     6.   Directors                         Xu Hang
                                            Li Xiting
                                            Nie Tong
                                            Wang Fuqing
                                            Dai Weidong
                                            Huang Shaokang
</TABLE>
<PAGE>

<TABLE>
<S>  <C>                                    <C>
                                            Ouyang Baoyi

     7.   Auditors                          Deloitte Touche Tohinatsu

C.   Beijing Shen Mindray Medical Electronic Technology Institute Co., Ltd.

     1.   Company number                    1101081782163

     2.   Address of registered office      5-5 (31F West), Block 5, 8 Chuang
                                            Ye Road, Haidian District, Beijing
                                            PRC

     3.   Date and place of incorporation   6 December 2004
                                            Beijing, PRC

     4.   Authorised share capital          RMB10,000,000

     5.   Issued share capital              RMB10,000,000

     6.   Directors                         Li Xiting

     7.   Auditors                          N/A

D.   GREATEST ELITE LIMITED

     1.   Company number                    565901

     2.   Address of registered office      P.O. Box 957, (Corrupted Text)
                                            Incorporations Centre, Road Town,
                                            Tortola, British Virgin Islands

     3.   Date and place of incorporation   28 October 2003
                                            British Virgin Islands

     4.   Authorised share capital          US$50,000

     5.   Issued share capital              US$10

     6.   Directors                         Xu Hang

     7.   Auditors                          N/A

E.   GIANT GLORY INVESTMENTS LIMITED

     1.   Company number                    565616

     2.   Address of registered office      P.O. Box 957, Offshore
                                            Incorporations Centre, Road Town,
                                            Tortola, British
</TABLE>
<PAGE>

<TABLE>
<S>  <C>                                    <C>
                                            Virgin Islands

     3.   Date and place of incorporation   28 October 2003
                                            British Virgin Islands

     4.   Authorised share capital          US$50,000

     5.   Issued share capital              US$10

     6.   Directors                         Li Xiting

     7.   Auditors                          N/A
</TABLE>
<PAGE>

                             PART B - DETAILS OF DCL

<TABLE>
<S>  <C>                                    <C>
A.   DRAGON CITY INTERNATIONAL INVESTMENT LIMITED

     1.   Company number                    582231

     2.   Address of registered office      OMC Chambers, P.O. Box 3152, Road
                                            Town, Tortola , British Virgin
                                            Islands

     3.   Date and place of incorporation   18 February 2004 British Virgin
                                            Islands

     4.   Authorised share capital          US$50,000

     5.   Issued share capital              US$1

     6.   Directors                         Yip Chi Yu

     7.   Auditors                          N/A
</TABLE>
<PAGE>

                                   SCHEDULE 3

                                   WARRANTIES

1.   INFORMATION

1.1  All written information save for any projections or forecasts, provided by
     the Warrantors to the Investors or their representatives or advisers in
     their due diligence investigations of the Group, was when given, and is at
     the date hereof, true and correct in all material respects.

1.2  For the avoidance of doubt, other than as disclosed pursuant to the
     Disclosure Letter and by any matter expressly contemplated for under the
     terms of this Agreement or as required in furtherance of completion of the
     Restructuring, none of the documents or other information disclosed to the
     Investors or their representatives or advisers shall be deemed to qualify
     the Warranties set out in this Schedule 3.

2.   CAPACITY AND AUTHORITY

2.1  Incorporation and existence

     The Company, DCL and the PRC Company are limited companies duly
     incorporated or established under the laws of the jurisdictions set out in
     items 3 of Schedule (Corrupted Text) A and B and have been in continuous
     existence since incorporation or establishment. The foreign investment
     enterprise approval certificate and business licence of the PRC Company are
     in full force and effect as are the business licenses and constitutent
     documents of the other Group Members, branch establishments and
     representative offices established in the PRC.

2.2  Right, power and authority

     2.2.1 Each of the Company, DCL, the PRC Company and the Major Shareholders
          has the right, power and authority, and has taken all action necessary
          (including obtaining all applicable governmental, statutory,
          regulatory or other consents, licenses, authorizations, waivers or
          exemptions), to execute, deliver and exercise its rights, and perform
          its obligations, under this Agreement and each document to be executed
          by it at or before Completion.

     2.2.2 Each Group Member has the right, power and authority to conduct in
          accordance with laws its business as conducted at the date of this
          Agreement and to own its properties and assets.

2.3  Binding agreements

     The obligations of the Company, DCL and each Major Shareholder under this
     Agreement and each document to be executed by it at or before Completion
     are, or when the relevant document is executed will be, enforceable in
     accordance with their respective terms.

<PAGE>

2.4  Non-contravention

     2.4.1 Neither entry into this Agreement nor entry into, and implementation
          of the transactions contemplated hereunder will:

          (a)  result in violation or breach by the Company, DCL, the PRC
               Company or any Major Shareholders of any applicable laws,
               regulations or administrative rules or orders in the PRC;

          (b)  amount to a violation or default by the Company, DCL, the PRC
               Company or any Major Shareholders with respect to any statute,
               regulation, order, decree or judgment of any court or any
               governmental or regulatory authority in the PRC; or

          (c)  constitute a breach by the Company, DCL, the PRC Company or any.
               Major Shareholders of any contract, agreement, undertaking or
               commitment to which any Group Member or Major Shareholder is a
               party,

          provided that no warranty is made regarding the enforceability of this
          Agreement against the PRC Company yr whether the provision of
          warranties by the PRC Company contravenes PRC (Corrupted Text).

     2.4.2 Other than as referred to in this Agreement, no consents, (Corrupted
          Text), registrations, authorizations or pen:a are required to be
          obtained by any Group Member or Major Shareholder in connection with
          the execution and performance of this Agreement.

2.5  Special Purpose Entity

     The Company and each of its subsidiaries has not had and will not have any
     assets (excluding cash) other than its ownership of the registered capital
     of the PRC Company and has conducted no business and assumed no liabilities
     other than its obligations under this Agreement and in respect of the
     acquisition of shares in the PRC Company.

3.   SHARES AND SUBSIDIARY UNDERTAKINGS

3.1  The Shares

     3.1.1 The Subscription Shares when allotted and issued, in accordance with
          the terms of this Agreement will upon Completion be duly and validly
          authorised, properly allotted and issued to the Investors free from
          all Encumbrances, credited as fully paid and will have all the rights
          set out in the Terms and Conditions.

     3.1.2 The Secondary Shares and DCL Shares will be properly allotted and
          issued and will upon Completion be credited as fully paid and will be
          transferred to the Investors free from all Encumbrances.

<PAGE>

     3.1.3 Save for the acquisition of shares in the PRC Company pursuant to the
          Restructuring, there is no agreement, arrangement or obligation
          requiring the creation, allotment, issue, transfer, redemption or
          repayment of, or the grant to a person of the right (conditional or
          not) to require the allotment, issue, transfer, redemption or
          repayment of, a share in the capital of any Group Member (including,
          without limitation, an option or right of pre-emption or conversion).

     3.1.4 Save for the Shareholders' Agreement, there is no agreement,
          arrangement or obligation to create or give an Encumbrance, in
          relation to any Equity Share Capital or other share capital (either
          issued or unissued) of the Company or the Company's interest in the
          registered capital of the PRC Company. No person has claimed to be
          entitled to an Encumbrance in relation to any of the Equity Share
          Capital or other share capital of the Company or the Company's
          interest in the registered capital of the PRC Company. There are no
          securities convertible into or ultimately exchangeable or exercisable
          for any Equity Share Capital or other share capital of any Group
          Member.

     3.1.5 Immediately prior to Completion the Major Shareholders shall directly
          or indirectly hold a (Corrupted Text) minimum of 50% of the entire
          issued share capital of the Company.

     3.1.6 The Company shall upon Completion hold, directly or indirectly, a
          minimum of 80% of the registered capital of the PRC Company.

3.2  Subsidiary Undertakings

     3.2.1 The Company and the PRC Company do not have any subsidiaries or
          Associates other than those set out in Schedule 2 Part A.

     3.2.2 The Company has not agreed to acquire an interest in or merge or
          consolidate with, a corporate body or any other person other than the
          Group Members.

     3.2.3 Minority shareholders in the PRC Company have no rights other than
          those required under PRC law or as set out in the articles of
          association of the PRC Company.

4.   LIABILITIES

4.1  Indebtedness

     4.1.1 No Group Member has outstanding or has agreed to create or incur loan
          capital, borrowings or indebtedness in the nature of borrowings, other
          than (i) as shown in the Accounts or (ii) as incurred since the Last
          Accounting Date in the ordinary course of its business which as of
          Completion do not exceed in aggregate RMB30,000,000.

     4.1.2 No financial indebtedness of any Group Member has become or is now
          due and payable, or capable of being declared due and payable, in each
          case before its

<PAGE>

          normal or originally stated maturity, and there has been no event of
          default in relation to any such financial indebtedness.

4.2  Guarantees and indemnities

     4.2.1 No Group Member is a party to or is liable under a guarantee,
          indemnity or other agreement to secure or incur a financial or other
          obligation with respect to another person's obligation other than for
          a Group Member.

     4.2.2 No part of the loan capital, borrowings or indebtedness in the nature
          of borrowings of the Company or the PRC Company is dependent on the
          guarantee or indemnity of, or security provided by, another person
          which is not a Group Member.

4.3  No loans have been made by or on behalf of any Group Member to any director
     or shareholder of a Group Member other than as disclosed in the Accounts.

5.   ACCOUNTS

5.1  The Accounts have been prepared and audited on a proper and consistent
     basis and in accordance with the Accounting Principles.

5.2  No change in (Corrupted Text) the accounts of the PRC Company for each of
     the three financial ears of the (Corrupted Text) Company ended on the Last
     Accounting Date, except as stated in the audited balance sheets and profit
     and less accounts for those years.

5.3  The Accounts show a true and fair view of the assets, liabilities and state
     of affairs of the PRC Company as at the Last Accounting Date and of the
     profits and losses of the PRC Company for the financial year ended on the
     Last Accounting Date.

5.4  The Accounts fully disclose and provide adequately for all bad and doubtful
     debts, all liabilities (actual, contingent or otherwise) and all financial
     commitments existing at the Last Accounting Date.

6.   CURRENT TRADING

6.1  Since the Last Accounting Date:

     6.1.1 the business and activities of the PRC Company have been carried on
          in the ordinary and usual course as a going concern;

     6.1.2 there has been no Material Adverse Change in the financial or trading
          position or earnings, business or prospects of the PRC Company since
          the Last Accounting Date;

     6.1.3 no material changes other than in the ordinary course of business
          have occurred in the assets and liabilities shown in the Accounts;

<PAGE>

     6.1.4 no dividend or other distribution has been declared, paid or made by
          any Group Member (except for dividends provided for in the Accounts);

     6.1.5 no share or loan capital has been issued or agreed to be issued by
          any Group Member;

     6.1.6 all transactions between a Group Member and any Major Shareholder
          have been on an arm's length terms;

     6.1.7 no contract, liability or commitment (whether in respect of capital
          expenditure or otherwise) has been entered into by a Group Member
          which is of a long-term or unusual nature which involved or (Corrupted
          Text) could involve, singly or cumulatively, an obligation of a
          material nature or magnitude (a liability for expenditure in excess of
          RMB50,000,000 being included as material for this purpose for any
          contract, liability or commitment entered into prior to the date of
          this Agreement and RMB100,000,000 for any contract, liability or
          commitment entered into in the period from the date of this Agreement
          up to (Corrupted Text);

     6.1.8 no Group Member has (other than in the ordinary and usual course of
          business) acquired or disposed of, or agreed to acquire or dispose of,
          any business or any asset having a value in excess of RMB30,000,000;
          or

     6.1.9 with respect to the existing employees of a Group Member, no chance
          has been made to their terms of employment, including retirement or
          benefit commitments, by any Group Member (other than those required by
          law) which could increase its total staff costs by more than
          RMB20,000,000 per annum or the remuneration of any one director or
          employee by more than RMB1,000,000 per annum.

7.   TAX

7.1  As far as the Warrantors are aware the PRC Company has paid all Tax which
     it has become liable to pay and is not liable to pay under the applicable
     laws a penalty, surcharge, fine or interest in connection with Tax.

7.2  The Company and the PRC Company have within applicable time limits made all
     returns, provided all information and maintained all records in (Corrupted
     Text) relation to Tax as they are required to make under the applicable
     laws, and have fully complied on a timely basis with all notices served on
     them and any other requirements lawfully made of them by any Tax Authority.

7.3  As far as the Warrantors are aware the PRC Company is not involved in and
     does not expect to be involved in any dispute in relation to Tax with any
     Tax Authority. So far as the Warrantors are aware no Tax Authority has
     investigated or indicated that it intends to investigate the PRC Company's
     Tax affairs.

<PAGE>

7.4  No Group Member will have any liability for Taxes in the PRC or any other
     jurisdiction other than liabilities incurred in the ordinary course of
     business between the Last Accounting Date and the date of this Agreement.

8.   ASSETS

8.1  Title

     8.1.1 Each asset included in the Accounts or acquired by the PRC Company
          since the Last Accounting Date (other than assets disposed of in the
          ordinary course of business or which are the subject matter of
          operating or finance or capital leases) is:

          (a)  legally and beneficially owned solely by the PRC Company free
               from any Encumbrance (other than retention of title claims or
               liens arising in the ordinary course of business) and in the case
               of real property and land use rights, the PRC Company is the
               legal osiner and grantee of the land use rights (with all grant
               fees paid in fell) in respect of such real property and has
               building ownership certificates for such property; and

          (b)  where capable of possession, in the possession or under the
               control of the PRC Company.

     8.1.2 No Group Member is insolvent or unable to pay its debts as they fall
          due.

9.   INTELLECTUAL PROPERTY

9.1  As far as the Warrantors are aware, all of the Intellectual Property Rights
     owned and/or used by the PRC Company in its business is:

     9.1.1 valid, subsisting and enforceable and nothing has been done or
          omitted to be done by which it may cease to be valid and enforceable;
          and

     9.1.2 either legally and beneficially owned by, and/or validly granted to
          the PRC Company free from any licence, Encumbrance, restriction on use
          or disclosure obligation.

9.2  So far as the Warrantors are aware, no act has been done or has been
     omitted to be done to entitle any authority or person to cancel, forfeit or
     modify any of the Intellectual Property Rights owned and/or used by the PRC
     Company.

9.3  So far as the Warrantors are aware, the Intellectual Property Rights
     currently owned and/or used by the PRC Company comprise all the
     Intellectual Property necessary for the PRC Company to operate its business
     as such business has been operated before the date of this Agreement.

9.4  So far as the Warrantors are aware, none of the operations of a Group
     Member infringe, or are likely to infringe, upon any rights held by any
     third party.

<PAGE>

9.5  The Internal IT Systems are either owned by, or (Corrupted Text) properly
     licensed or leased to, a Group Member. No Group Member is in material
     default under the licenses or leases.

9.6  No claim has been made by any third party which alleges any infringing act
     or process which would fall within this Warranty (Corrupted Text) or which
     otherwise disputes the right of any Group Member to use any Intellectual
     Property Rights relating to its business.

10.  ENVIRONMENTAL MATTERS

10.1 So far as the Warrantors are aware, the PRC Company has:

     10.1.1 obtained each permit, licence, consent, approval, registration or
          other authorisation ("ENVIRONMENTAL PERMIT") required for its business
          operations under any Environmental Law, and each Environmental Permit
          is in full force and effect;

     10.1.2 complied in all material respects with the terms and conditions on
          which any Environmental Permit has beer given to it; and

     10.1.3 complied in all material respects with any notification or claim
          made within the two years ending on the date of this Agreement by any
          relevant authority in respect of any breach of Environmental Law.

10.2 So far as the Warrantors are aware, the PRC Company is under no
     investigation or enquiry by any relevant authority in relation to any
     breach of Environmental Law or the failure to comply with the term: and
     conditions of any Environmental Permit.

10.3 No Group Member is in material breach of any applicable statute, law,
     regulation or order relating to the environment ("ENVIRONMENTAL LAW") and
     no material expenditures are or will be required in order to comply with
     any such Environmental Law, and so far as the Warrantors are aware there
     are no circumstances which may give rise to any material non-compliance
     with or material liability under any Environmental Law in relation to the
     business of the Group.

11.  AGREEMENTS

11.1 No Group Member is a member of a joint venture, consortium, partnership or
     association (other than bona fide trade association) or profit (or loss)
     sharing agreement or arrangement.

11.2 No Group Member is a party to and is not liable under any material,
     long-term, onerous or unusual agreement or arrangement ("unusual" for the
     purposes of this paragraph means an agreement or arrangement that involves
     or is likely to involve either (i) expenditure by a Group Member in excess
     of RMB50,000,000 per annum for agreements or arrangements entered into
     prior to the date of this Agreement and RMB100,000,000 per annum for
     agreements or arrangements entered into in the period from the date of this
     Agreement up to Completion or (ii) obligations or restrictions on the Dart
     of a Group Member of an unusual or exceptional nature and not in the
     ordinary

<PAGE>

11.3 So far as the Warrantors are aware, all subsisting material agreements
     which any Group Member has entered into are valid, legal and binding and
     were entered into by way of a bargain at arm's length.

11.4 So far as the Warrantors are aware, there are no circumstances whereby,
     following a change in the control of any Group Member or in the composition
     of the board of directors of a Group Member, any of the principal customers
     of or suppliers to any Group Member would cease to remain customers or
     suppliers to the same extent and of the same nature as prior to the date
     hereof.

11.5 No Group Member has given any powers of attorney or other authority
     express, implied or ostensible which is still outstanding or effective to
     any person or entity to enter into any contract or commitment to do
     anything on its behalf other than the authority of employees to enter into
     routine trading contracts in the normal course of their duties.

11.6 No (Corrupted Text) Member nor so far as the Warrantors are aware, any
     party with whom any Group Member has entered into an arrangement, agreement
     or obligation is in material breach of the arrangement, agreement or
     obligation.

11.7 There are no contracts, understandings, transactions or proposed
     transactions between any Group Member on the one hand and any Major
     Shareholder on the other hand. No Major Shareholder has any direct or
     indirect ownership in any business entity with which any Group Member' has
     a business relationship, or any business (Corrupted Text) that competes
     with any Group Member, other than passive shareholdings of less then
     (Corrupted Text) in publicly listed companies.

11.8 All insurance policies of each Group Member are in full force and effect
     and are not void or voidable, all premiums payable to date have been paid
     and each Group Member has complied in all material respects with the terms
     and conditions of such pet

12.  LITIGATION AND COMPLIANCE WITH LAW

12.1 No Group Member is involved in a civil, criminal, arbitration,
     administrative or other proceeding or so far as the Warrantors are aware an
     investigation (other than in relation to the collection of debts arising in
     the ordinary course of business of a Group Member). So far as the
     Warrantors are aware, no civil, criminal, arbitration, administrative or
     other proceeding is pending or threatened by or against any Group Member
     (other than in relation to the collection of debts arising in the usual
     course of business).

12.2 So far as the Warrantors are aware, no fact or circumstance exists which
     might give rise to a civil, criminal, arbitration, administrative or other
     proceeding or investigation involving any Group Member.

12.3 So far as the Warrantors are aware, each Group Member has at all times
     conducted its business and dealt with its assets in all material respects
     in accordance with all applicable legal and administrative requirements.

<PAGE>

12.4 So far as the Warrantors are aware, no Group Member has sold or supplied
     any product or service which is or was in any material respect faulty,
     defective or dangerous (unless inherently dangerous) or which did not at
     the time of sale or supply comply with all applicable laws and regulations.

12.5 So far as the Warrantors are aware, no act or transaction has been effected
     by or on behalf of any Group Member, nor any of their directors, officers
     or senior management staff, involving the making or authorizing of any
     payment, or the giving of anything of value, to any government official or
     party official for the purpose of influencing the recipient in his official
     capacity in order to obtain business, retain business or direct business to
     any Group Member or other person.

13.  EMPLOYEES

13.1 No Group Member has entered into any arrangements regarding any future
     variation in any contract of employment in respect of any of its directors
     and employees or any agreement imposing an obligation on a Group Member to
     increase by an amount equivalent to RMB1,000,000 or more per annum, the
     basis and/or rates of remuneration and/or the provision of other benefits
     in kind to or on behalf of any of its directors or employees at any future
     date.

13.2 Each Group Member has complied in all material respects with all applicable
     statutes and regulations referring to employ and social welfare matters
     including without limitation the terms and conditions of each employee's
     employment.

13.3 Incentive Schemes

     No Group Member has in existence any share incentive scheme, share option
     scheme or profit sharing, bonus, commission or other incentive scheme for
     all or any of its directors or any share option scheme for all or any of
     its employees, miler than as set out under the Shareholders' Agreement.

13.4 Payments on Termination

     Except to the extent (if any) to which provision or allowance has been made
     in the Accounts:

          (a)  no liability in excess of RMB 1 million has been incurred by a
               Group Member for breach of any contract of employment or for
               services or for any other liability accruing from the termination
               of any contract of employment or for services;

          (b)  no gratuitous payment has been made or benefit given (or promised
               to be given) by a Group Member in connection with the actual or
               proposed termination or suspension of employment, or variation of
               any contract of employment, of any present or former director or
               employee of a Group Member.

<PAGE>

13.5 There is not in existence any written or unwritten contract of employment
     with any employee that cannot be terminated by a Group Member on six months
     notice or less without giving rise to a claim for damages or compensation
     (other than a statutory redundancy payment or statutory compensation for
     unfair dismissal) or, in either case, the equivalent in any relevant
     jurisdiction.

13.6 No Key Employee has given notice which has not yet expired terminating his
     or her employment or would be entitled to give notice as a result of this
     Agreement.

14.  MISCELLANEOUS

     No shareholder in the PRC Company holding 5% or more of its registered
     capital or Major Shareholder, their respective spouse, nor their respective
     parents are a Government Official in the PRC or a member of the central
     committee of the communist party of the PRC.

<PAGE>

                                   SCHEDULE 4

                           PRC COUNSEL OPINION MATTERS

1.   The PRC Company has the right, power and authority to enter into and
     perform its obligations under this Agreement, and this Agreement is legally
     binding against the PRC Company.

2.   All applicable PRC permits, approvals, registrations and filings required
     to be obtained pursuant to the Restructuring have been obtained. The
     Restructuring does not contravene PRC law or regulations.

3.   Each of the Shareholders (as such term is defined in the Shareholders'
     Agreement) has the right, power and authority to enter into and perform its
     respective obligations under the Shareholders' Agreement and this
     Agreement, if applicable, and such agreements are legally binding against
     each of them.

4.   Each (Corrupted Text) the PRC Company and its subsidiaries has been duly
     incorporated (Corrupted Text) gilder the laws (Corrupted Text) the PRC and
     is entitled to conduct business pursuant to its business license, which
     remains in full force and effect.
<PAGE>

                                   SCHEDULE 5

                                  ANNUAL BUDGET

  Proposal of 2004 Annual General Meeting of Shareholders: Explanations on the
                        2005 Annual Financial Budget Plan
                                     (Draft)

                   2004 Annual General Meeting of Shareholders
                                       of
               Shenzhen Mindray Bio-medical Electronics Co., Ltd.

            EXPLANATIONS ON 2005 ANNUAL FINANCIAL BUDGET PLAN (DRAFT)

In preparing the 2005 Annual Financial Budget Plan (Draft), the company has
implemented the guiding principle of increasing revenues and saving costs and
paid full attention to the following factors of uncertainty:

     1.   Pricing policy, increase of total sale volume and adjustment of sale
          methods of existing products and new products of the company;

     2.   Continued implementation by the company in 2005 of the guiding
          principle of arrangement of production and operation in line with
          market demand;

     3.   Stability of the related national tax policies;

     4.   As a high-tech enterprise, in order to maintain high-speed growth and
          enhance its core competence, the company will carry on large-amount
          input into its core research and development. The research and
          development expenses in 2005 will be increased from RMB 615.5 million
          in 2004 to RMB 950.7 million.

In view of the above, the estimates of the major financial data in 2005 are as
follows:

                                                            in ten thousand yuan

<TABLE>
<CAPTION>
                                     2005         2004       Growth
               Item                 Budget   Final Account    Rate
               ----                 ------   -------------   ------
<S>                                 <C>      <C>             <C>
Revenues from principal business    98,744       65,485       50.79%
less: costs in principal business   44,900       27,772       61.68%
   taxes in principal business
   and extra charges                    95           31
                                    ------       ------      ------
Profit from principal business      53,748       37,678       42.65%
plus: profit from other business       998         -874       14.20%
less: operating expenses            13,249        9,527       39.07%
   management expenses              13,856        8,821       57.08%
   R&D expenses                      9,507        6,155       54.47%
   financial expenses                  525           56      809.60%
                                    ------       ------      ------
Operating profit                    25,121       18,401       36.52%
plus: investment gains                               36
   revenues from subsidies           3,400        2,661       27.80%
</TABLE>

<PAGE>

<TABLE>
<S>                                 <C>          <C>         <C>
   Non-operating revenues                            22
less: non-operating expenditures                    535
                                    ------       ------      -----
Gross profit                        28,521       20,586      38.55%
less: income taxes                   1,922        1,199      60.27%
                                    ------       ------      -----
Net profit                          26,600       19,387      37.20%
                                    ======       ======      =====
</TABLE>

The above proposal has been reviewed and approved by the first meeting of the
second board of directors of the company in accordance with the relevant
provisions of the related laws, administrative regulations, other regulatory
documents and the Article of Association of Shenzhen Mindray Bio-medical
Electronics Co., Ltd.. This proposal is hereby submitted for review by the
general meeting of shareholders.

                                        Board of Directors
                                        Shenzhen Mindray Bio-medical
                                        Electronics Co., Ltd. (corporate seal)

                                        March 5, 2005

<PAGE>

                                   SCHEDULE 6

                     TERMS AND CONDITIONS OF W. CONVERTIBLE
                          REDEEMABLE PREFERENCE SHARES

[To be included in the appropriate sections of amended Articles of Association
with appropriate adjustment of Article numbering and cross references]

The rights and restrictions attaching to the Preference Shares are as follows:

15.  INCOME

                              i.   If the Company declares any dividend or other
                                   distribution on any Shares, the Holders are
                                   entitled to share in such dividend or other
                                   distribution on a pro rata basis as if each
                                   Preference Share had been converted
                                   immediately prior to the record date for
                                   determining the shareholders of the Company
                                   eligible to receive such dividend or other
                                   distribution (the "Participating Dividend").

                              ii.  The Participating Dividend is payable in
                                   priority to a payment of a dividend to the
                                   holders of any other class of share cre2ital
                                   of the Company.

(2)  CAPITAL

                              i.   On a return of capital on winding up or
                                   otherwise (other than on conversion,
                                   redemption or purchase of shares), the
                                   Company's asses avail.`?e for distribution
                                   among the members shall be applied in
                                   reraying the Holders the following amount
                                   (the "Liquidation Preference") pro zeta
                                   :among the Hoiders for each Preference Share
                                   they hold, in priority to a repayment to the
                                   holders of any other class of share, a sum
                                   equal to (i) the Subscription Price plus
                                   interest accrued daily on the basis of a
                                   365-day year at a compound annual rate of 8%
                                   on the Subscription Price (calculated from
                                   the Subscription Date up to and including the
                                   date of the commencement of the winding up or
                                   (in any other case) the date of the return of
                                   capital) less (ii) any Participating
                                   Dividends received;

                              ii.  If the Holders' entitlements under the
                                   Liquidation Preference have not been
                                   satisfied in full, each Preference Share
                                   shall be entitled to share pro rata

                                      -45-

<PAGE>

                                   (on an as-converted basis) with the Shares in
                                   the remaining assets (if any) of the Company
                                   available for distribution.

(3)  VOTING AND CLASS RIGHTS

     a.   At all times prior to a Qualified IPO and for so long as the Holders,
          together with their transferees under Permitted Transfers hold in
          aggregate no less than the lower of (i) 50% of their percentage
          interest of shareholdings held upon the Subscription Date (whether
          converted or not) or (ii) 5% of the Equity Share Capital, the Company
          and the Shareholders shall use their respective rights and powers,
          whether as shareholder, director or otherwise to procure, that no
          Group Member shall do or agree to do any of the following matters
          unless with the prior consent (such consent (or refusal) not to be

                              i.   the entering into any merger or consolidation
                                   of any Group Member with one or more
                                   entities;

                              ii.  the liquidation, winding up or dissolution of
                                   any Group Member, or the filing of bankruptcy
                                   or similar proceedings;

                              iii. the disposal of any assets or property (other
                                   than in the ordinary course of business)
                                   owned by any Group Member of a total value
                                   per transaction of more than RMB 100 million;

                              iv.  any amendments (by merger or otherwise) to
                                   any Group Member's articles of association or
                                   other constitutional documents save for any
                                   incidental amendments required to be made to
                                   the, articles of association of the PRC
                                   Company in connection with operating matters
                                   in the ordinary course of business, provided
                                   that the scope or consequences of such
                                   amendments are not likely to directly or
                                   indirectly circumvent or alter the rights of
                                   the Holders or the approval rights of the
                                   Holders hereunder;

                              v.   any repurchase or redemption of the equity of
                                   any Group Member other than a redemption of
                                   the Preference Shares or a repurchase of any
                                   Conversion Shares as agreed upon by the
                                   Holder;

                              vi.  the (Corrupted Text) of, or any act
                                   (Corrupted Text)(Corrupted Text) or Ordinary
                                   Share Equivalents into, Shan (Corrupted Text)
                                   or dividends or assets senior or pari passe
                                   to the (Corrupted Text) Shares;

                                      -46-

<PAGE>

                              vii. the issuance of any Equity Share (Corrupted
                                   Text) or Ordinary Share Eq'dvalents ether
                                   than in connection with (i) an IPO, (ii) an
                                   acquisition of minority interests in the PRC
                                   Company or (iii) pursuant to the exercise of
                                   options granted under aey share incentive
                                   schemes appre-ed ley the Board and any one or
                                   t Holders provided that in each case such
                                   issuance would not otherwise require the
                                   consent of any one of the Holders pursuant to
                                   Articles 3.1.6 or 3.1.12;

                              viii. any amendments (by merger or otherwise) to
                                   the rights, preferences, privileges or powers
                                   of the Preference Shares;

                              ix.  the retention of any external professional
                                   advisor other than a Big 4 accounting firm to
                                   provide Tax advisory services to the Group or
                                   to assist in the preparation of Tax returns;

                              x.   the entry into any transaction or series of
                                   related transactions by any Group Member,
                                   which has as an objective and/or the effect
                                   of securing a Tax benefit;

                              xi.  any Tax-motivated restructuring of the Group
                                   or of the business, operations or practices
                                   thereof;

                              xii. the adoption of any share option or share
                                   incentive scheme or employee share trust or
                                   share ownership plan; and

                              xiii. any transaction or series of transactions in
                                   excess of RMB2 million by any Group Member
                                   with a Major Shareholder (or any of its
                                   Associates or Family Members) or a director
                                   of a Group Member or an Associate of any such
                                   director.

For the avoidance of doubt the Holders' holdings for the purpose of this Article
3.1 shall include any Preference Shares which are subject to a redemption demand
pursuant to a Redemption Notice pursuant to Article 5 until such Redemption
Notice has been satisfied in full.

     b.   Prior to a Qualified IPO, for so long as the Audited Net Income in any
          financial year is less than RMB500 million the prior consent (such
          consent (or refusal) not to be unreasonably delayed) of any one of the
          Holders is required in relation to the matters referred to below, save
          that if the Audited Net Income for any financial year exceeds RMB500
          million, from the time that such Financial Statements are. released to
          the Holders in accordance with Clause 2.1 of the

                                      -47-

<PAGE>

          Subscription Agreement, the prior consent of any one of the Holders
          shall not be required in relation to any of the matters referred to
          below and no prior consent is required to be obtained in relation to
          such matters unless the Audited Net Income falls below RMB500 million
          for two consecutive financial years and in which case the prior
          consent of any one of the Holders in relation to the matters referred
          to below is required from the date in the following financial year on
          which the Financial Statements are released to the Holders in
          accordance with Clause 2.1 of the Subscription Agreement:

                              i.   the declaration of dividends or any
                                   distribution made with respect to a equity
                                   security by any Group Member in respect of
                                   any financial year commencing 1 January 2005
                                   or thereafter of more than 60% of such Group
                                   Member's Audited Net Income (as shown in the
                                   Financial Statements) of that year;

                              ii.  the taking out of any loan or the incurrence
                                   of any indebtedness by the Group or a Group
                                   Member in excess of RMB 100 million, whether
                                   in a single transaction or a series of
                                   related transactions which occur within a
                                   three-month period;

                              iii. any capital commitment with an aggregate
                                   value in excess of RMB 100 million, whether
                                   in a single transaction or a series of
                                   related transactions, by any Group Member
                                   unless such commitment has already been
                                   specifically approved;

                              iv.  any Group Member making any acquisition or
                                   disposal of or relating to any Intellectual
                                   Property Rights with a value attributable to
                                   such right in excess of RMB100 million or
                                   more;

                              v.   any change in any Group Member's auditors;

                              vi.  any material changes to any Group Member's
                                   business plan previously approved by the
                                   Board;

                              vii. the granting of any security over any
                                   material assets of the Group or extending a
                                   loan to or guaranteeing any loans for any
                                   person which is not a Group Member; or

                              viii. the making of any loan or advance to any
                                   person, firm, body corporate or other
                                   business other than in the normal course of
                                   business and on an arm's length basis.

                                      -48-

<PAGE>

(4)  CONVERSION

                              i.   Each Preference Share shall convert in
                                   accordance with the provisions of this
                                   Article 4:

                                   1.   at the election of its Holder at any
                                        time and from time to time including,
                                        for the avoidance of doubt, at any time
                                        during the period between a Redemption
                                        Notice Date and a Redemption Date as set
                                        out in Article 5(a); or

                                   2.   immediately before a Qualified IPO (but
                                        not an IPO that is not a Qualified IPO)
                                        upon the underwriting agreement becoming
                                        unconditional in all respects; or

                                   3.   prior to an IPO, if any rules,
                                        regulations, ruling or requirements of
                                        the Stock Exchange do not allow the
                                        continuing existence of the Preference
                                        Shares following the IPO, and in which
                                        case the Preference Shares shall be
                                        converted into some other similar
                                        instruments to be agreed to by the
                                        Holder, with substantially the same
                                        rights as the Preference Shares and as
                                        permitted by the Stock Exchange. For the
                                        avoidance of doubt, the foregoing
                                        conversion or exchange shall not be
                                        mandatory and shall be at the sole
                                        discretion of the Holders.

          Each Preference Share being converted shall convert into such number
          of fully paid Shares as determined by dividing (x) the Subscription
          Price for each Preference Share by (y) the then prevailing Conversion
          Price. The initial Conversion Price shall be equal to the Subscription
          Price and shall thereafter be subject to adjustment in accordance with
          Article 4(h) and 4(i).

                              ii.  In this Article 4, a "Conversion Date" is the
                                   date on which a Holder requires any or all of
                                   its Preference Shares to be converted as set
                                   out in a Conversion Notice (or if the Holder
                                   requires his Preference Shares to be
                                   converted on a day which is not a Business
                                   Day, the next Business Day) or (if mandatory
                                   conversion occurs upon a Qualified IPO) the
                                   day on which the underwriting agreement
                                   becomes unconditional in all respects.

                                      -49-

<PAGE>

                              iii. A Holder may convert any or all of his
                                   Preference Shares, as set out in Article
                                   4(a)(i), by serving notice of conversion
                                   ("Conversion Notice") together with his
                                   relevant share certificate on the Company at
                                   least ten Business Days before the relevant
                                   Conversion Date. A Conversion Notice once
                                   given may not be withdrawn without the
                                   Company's written consent. The conversion of
                                   all the Preference Shares, as set out in
                                   Article 4(a)(ii), shall be automatic and each
                                   Holder shall be deemed to have served a
                                   Conversion Notice on the Company and shall be
                                   bound to deliver the certificate for his
                                   Preference Shares to the Company as soon as
                                   practicable after the Qualified IPO and in
                                   any event within seven days thereafter.

                              iv.  The Conversion Shares to which a Holder is
                                   entitled upon conversion:

                                   1.   shall be validly issued and delivered,
                                        credited as fully paid and free of all
                                        Encumbrances;

                                   2.   shall rank pari passu in all respects
                                        and form one class with the Shares then
                                        in issue; and

                                   3.   shall entitle the Holder to be paid an
                                        appropriate proportion of all dividends
                                        and other distributions declared, made
                                        or paid on Shares after the Conversion
                                        Date.

     The Company covenants that it will at all times reserve and maintain
     authority to issue, solely for the purpose of issue or delivery upon any
     conversion herein provided, the maximum number of Shares issuable upon
     conversion of all Preference Shares.

                              v.   The allotment of Conversion Shares shall be
                                   made on the relies ant Convess-csa Date. A
                                   certificate for Conversion Shares shall be
                                   sent as soon as practicable after the
                                   relevant Conversion Date to the Holder
                                   without charge and, if a fractional
                                   entitlement results from the conversion, a
                                   cheque in respect of such fractional
                                   entitlement shall also be sent. In the
                                   meantime, transfers of Conversion Shares
                                   shall be certified against the register.

                              vi.  Subject to the terms of the Preference Shares
                                   as set out herein and the Companies
                                   Ordinance, the Board

                                      -50-

<PAGE>

                                   may in its absolute discretion use any means
                                   available under law to effect conversion in
                                   accordance with the terms hereunder.

                              vii. No fractions of Shares shall be allotted or
                                   issued to a Holder upon conversion. All
                                   Shares (including fractions thereof) issuable
                                   upon conversion of more than one Preference
                                   Share held by a Holder thereof shall be
                                   aggregated for purposes of determining
                                   whether the conversion would result in the
                                   issuance of any fractional Share. If, after
                                   the aforementioned aggregation, the
                                   conversion would result in the issuance of
                                   any fractional Share, the Company shall, in
                                   lieu of issuing any fractional share, pay
                                   cash equal to the product of such fraction
                                   multiplied by the fair value of one Share on
                                   the date of conversion. Fair value shall be
                                   determined in good faith by the Board.

                              viii. Subject to Article 4(i), if any of the
                                   following events occur, the Conversion Price
                                   shall be adjusted so that the Holder shall be
                                   entitled to receive such number of Conversion
                                   Shares (expressed as a percentage of the
                                   Fully Diluted Share Capital) as it would have
                                   been entitled to receive after such event had
                                   the Preference Shares been converted
                                   immediately prior to such event:

                                   1.   the Company issues further shares in the
                                        capital of the Company on an allotment
                                        of fully paid Shares pursuant to a
                                        capitalisation of profits or reserves to
                                        holders of Shares (provided that no
                                        adjustment to the Conversion Price shall
                                        be made when Shares are allotted by way
                                        of capitalisation of profits or reserves
                                        at the election of the shareholder
                                        instead of cash in respect of all or
                                        part of a dividend or dividends; in
                                        which case, an adjustment, for such
                                        allotment shall be handled in accordance
                                        with Article 4(i);

                                   2.   there is a consolidation or sub-division
                                        (or both) of Shares or of. Ordinary
                                        Equivalents;

                                   3.   there is an issue of Ordinary Share
                                        Equivalents in a- reclassification of
                                        Shares, other than as contemplated in
                                        Article 4(i); or

                                      -51-

<PAGE>

                                   4.   the share capital of the Company is
                                        altered in any other way whatsoever not
                                        otherwise dealth with in this Article 4.

          An adjustment made pursuant to this Article 4(b) shall become
          effective (x) in the case of any such issue or distribution, on the
          date immediately following the close of business on the record date
          for the determination of holders of Shares entitled to receive such
          dividend or distribution car (v) in the case of any such subdivision,
          alteration, combination or reclassification to the close of business
          on the day upon which such corporate action becomes effective.

                              ix.  If the Company issues or tierces to issue
                                   farther Shares or Ordinssy Shore Equivalents
                                   of the Company excluding (i) any Shares (or
                                   options representing any Shares) issued to
                                   employees, officers or directors o!" the Comp
                                   @n;' pursuant to employee share purchase or
                                   option or grant plans or agreements or other
                                   incentive share arrangements approved by the
                                   Board and any one of the Holders and (ii) any
                                   shares issued in an IPO (including a
                                   Qualified IPO) (the "Additional Shares")
                                   without consideration or for a consideration
                                   per share less than the prevailing Conversion
                                   Price then in such circumstances the
                                   Conversion Price shall be adjusted as
                                   follows:

                                          [     D ]
                                          [    -- ]
                                    A = B [ C + B ]
                                          [ ----- ]
                                          [   E   ]

          where

                                   1.   A is the revised Conversion Price after
                                        adjustment;

                                   2.   B is the applicable Conversion Price
                                        immediately prior to the adjustment;

                                   3.   C is the sum of (x) the total number of
                                        Shares issuable upon conversion of the
                                        Preference Shares outstanding and (y)
                                        the total number of Shares that would be
                                        issuable upon conversion of any
                                        Preference Shares that have been
                                        redeemed or converted since the
                                        Subscription Date (as if such Preference
                                        Shares were still outstanding), in each
                                        case at the Conversion Price in effect
                                        immediately prior to the adjustment;

                                      -52-

<PAGE>

                                   4.   D is the aggregate consideration
                                        received in respect of the Additional
                                        Shares; and

                                   5.   E is the sum of "C" plus the number of
                                        Additional Shares (or, if the Additional
                                        Shares are Ordinary Share Equivalents,
                                        the number of Shares into which the
                                        Additional Shares are convertible before
                                        any adjustments);

     For the purpose of this Article 4(i), the consideration received by the
     Company for the issue of Additional Shares shall be computed as follows:

     (1)  insofar as it consists of cash, the aggregate of the cash received by
          the Company;

     (2)  insofar as it consists of property other than cash, the fair market
          value thereof at the time of such issue, as determined in good faith
          by the Board provided that if the Holders disagree with such
          valuation, fair market value shall be determined by the Company's
          auditors (acting as experts and not as arbitrators and whose decision
          shall be final and binding save in the case of manifest error) and
          such expense incurred shall be borne equally between the Company and
          the Holders; and

     (3)  the consideration per One received by the Company for Additional
          Shares that are Ordinary Share Equivalents shall be determined by
          dividing:

          (x)  the total amount, if any, received or receivable by the Company
               as consideration for the issue of such Ordinary Share
               Equivalents, plus the minimum aggregate amount of additional
               consideration (as set forth in the instruments relating thereto,
               with regard to any provision contained therein for a subsequent
               adjustment of such consideration) payable to the Company upon the
               exercise, conversion or exchange of such Ordinary Share
               Equivalents; by

          (y)  the maximum number of Shares (as set forth in the instruments
               relating thereto, with regard to any provision contained therein
               for a subsequent adjustment of such number) that may be issued
               upon the exercise of such Ordinary Share Equivalents or the
               conversion or exchange of such Ordinary Share Equivalents.

                              x.   Adjustment under Article 4(i) shall be made
                                   whenever such Shares or Ordinary Share
                                   Equivalents are issued, and shall become
                                   effective on the date of such issue.

     Notwithstanding the foregoing, in the event of an issue of Ordinary Share
     Equivalents where the number of Shares into which such Ordinary Share

                                      -53-

<PAGE>

          Equivalent is only capable of determination under Article 4(i)(3)(y)
          upon the determination of an IPO Price, such adjustment shall be made
          at the time the .'PO Price is determined. Adjustment to the Conversion
          Price of the Preference Shares shall be made notwithstanding any
          conversion of such Preference Shares into Shares or conversion or
          exchange into other Ordinary Share Equivalents in connection with the
          IPO.

                              xi.  The ownership adjustment (the "Ownership
                                   Adjustment" shall be the adjustment to the
                                   Holders' aggregate holding on the Ownership
                                   Adjustment Date and the Conversion Price will
                                   be adjusted such that the Holders' aggregate
                                   holding in the Company on such date
                                   immediately after the Ownership Adjustment is
                                   equal to the holding expressed as a
                                   percentage in the formula below:

                                         US$40,000,000
          E = -----------------------------------------------------------------
              (US$341,440,000 x Company's       Subscription       Buy-out
              percentage ownership in the   +   Monies         -   Expenditures
              PRC Company as of the
              Ownership Adjustment Date

          E = the revised percentage holding of the Holders' following the
              Ownership Adjustment

                              xii. Upon any adjustment to the Conversion Price,
                                   the Company shall within a reasonable period
                                   (not to exceed 30 Business Days) following
                                   any of the relevant transactions triggering
                                   the adjustment deliver to the Purchaser a
                                   certificate setting forth in reasonable
                                   detail the event requiring the adjustment and
                                   the method by which such adjustment was
                                   calculated and specifying the Conversion
                                   Price then in effect following such
                                   adjustment.

                              xiii. If a dispute arises concerning an adjustment
                                   of the Conversion Price in accordance with
                                   this Article 4, the Board shall refer the
                                   matter to the Company's auditors (acting as
                                   experts and not as arbitrators and whose
                                   finding shall be final and binding on all
                                   concerned, save in the case of manifest
                                   error) and any expense incurred shall be
                                   borne equally between the Company and the
                                   Holders.

                              xiv. Notwithstanding the carve-out of IPOs from
                                   the Conversion Price adjustment mechanism in
                                   Article 4(i), in the event of an issue of
                                   shares in an IPO in which the per share issue
                                   price is lower than the Conversion Price then
                                   prevailing, the IPO Anti-

                                      -54-
<PAGE>

                                   Dilution Amount shall be calculated and
                                   settled in cash by payment of a cheque to the
                                   Holders within 30 days after the IPO
                                   (regardless of whether the Preference Shares
                                   are converted into Shares or converted or
                                   exchanged into some other instrument in
                                   connection with the IPO).

                              xv.  In the event that the Company at any time or
                                   from time to time takes any action affecting
                                   its Shares similar to or having an effect
                                   similar to any of the actions described in
                                   Article 4(h) or 4(i) (but not including any
                                   action described in Article 4(h) or 4(i)),
                                   and the Board in good faith determine that it
                                   would be equitable in the circumstances to
                                   adjast the Conversion Price as a ro: o such
                                   action, then, and in each such case, the
                                   Conversion Pie shall be adjusted in such
                                   manner and at such time as the Board in good
                                   faith determines would be equitable in the
                                   circumstances.

                              xvi. All adjustments to the Conversion Price under
                                   Article 4 are independent.

(5) REDEMPTION

                              i.   In this Article 5, a "Redemption Notice Date"
                                   is the date on hIlith Holder serves a notice
                                   requiring a Preference Share to be redeemed
                                   while "Redemption Date" is the date on which
                                   the Preference Share is redeemed by the
                                   Company.

                              ii.  A Holder may from time to time

                                   1.   on or after the third anniversary of the
                                        date of issue of such Preference Shares;

                                   2.   at any time after the occurrence of a
                                        Accelerated Redemption Event; or

                                   3.   in the event of a Trade Sale on or
                                        before the third anniversary of the
                                        Subscription Date,

     require the Company to redeem all or some of his Preference Shares for cash
     by serving notice of redemption ("Redemption Notice") together with its
     relevant share certificate; or

                              iii. In the event of a proposed Trade Sale the
                                   Company shall give notice of such Trade Sale
                                   and the terms

                                      -55-

<PAGE>

                                   thereof to any one of the Holders not less
                                   than 15 Business Days prior to the proposed
                                   completion date of such Trade Sale.

                              iv.  The redemption amount payable with respect to
                                   each Preference Share ("Redemption Amount"),
                                   shall be a sum equal to (i) the Subscription
                                   Price plus an amount which would provide for
                                   interest accrued daily on the basis of a
                                   365-thy year at a compound annual rate of 10%
                                   on the Subscription Price (calculated from
                                   the Subscription Date up to and including the
                                   Redemption Date) in respect of the Preference
                                   Share less (ii) any Participating Dividends
                                   paid on such Preference Share prior to the
                                   Redemption Date.

                              v.   On the Redemption Notice Date, the Redemption
                                   Amount shall become a debt due and payable by
                                   the Company to the relevant Holder(s),
                                   whether or not the Company has enough profits
                                   available for distribution or other requisite
                                   funds to pay the relevant Redemption Amount.
                                   Without limitation on either (i) any rights
                                   or remedies of the Holders arising under the
                                   foregoing sentence or elsewhere (including
                                   the right to sue for damages) or (ii) the
                                   obligations of the Company under Article 6,
                                   if the Company is unable to redeem all of the
                                   Preference Shares degrees squired to be
                                   redeemed, it shall redeem as many of the
                                   Preference Shares as it can (on a pro rata
                                   basis, if Redemption Notices are outstanding
                                   from more than one Holder) and the balance as
                                   soon as possible thereafter.

                              vi.  Within 45 Business Days after the Redemption
                                   Date, the Company shall pay the Redemption
                                   Amount to the Holder in respect of those
                                   Preference Shares which are to be redeemed
                                   against receipt of the relevant share
                                   certificate (or an indemnity in a form
                                   reasonably satisfactory to the Board respect
                                   of a share certificate which cannot be
                                   produced). If the Holder produces neither the
                                   share certificate nor a satisfactory
                                   indemnity, the Company may retain the.
                                   portion of the Redemption Amount
                                   corresponding to such Preference Shares until
                                   delivery of the certificate or a satsifactory
                                   indemnity.

                                      -56-

<PAGE>

                              vii. The Company shall cancel share certificates
                                   in respect of redeemed Prefcience Shares and
                                   issue fresh certificates without charge in
                                   respect of any Preference Shares represented
                                   by those certificates remaining outstanding.

(6) REDEMPTION PAYMENT PROCEDURES

     At any time after a Holder exercises its redemption rights, the Company
     shall take any and all action necessary to obtain adequate cash to fund
     such redemption.

(7) PRE-EMPTION RIGHTS ON NEW ISSUES

     Save for (i) issues of Shares (or options representing such Shares) to
     employees, officers or directors of the Company pursuant to employee share
     purchase, share option or share grant plans or agreements or other
     incentive share arrangements approved by the Board and any one of the
     Holders or (ii) issue of the Conversion Shares, the Company shall not allot
     or issue any Shares or Ordinary Share Equivalents on any terms to a person
     unless it has made an offer to the Holder to allot and issue to him on the
     same terms a proportion of those Shares or Ordinary Share Equivalents which
     is equal to such Holder's Percentage Interest (with any fractional
     proportion rounded up to the nearest one-tenth of one percent).

(8) FURTHER COVENANTS

                              i.   So long as any Preference Shares are
                                   outstanding, the Company shall promptly, upon
                                   the occurrence of a Accelerated Redemption
                                   Event, give written notice to the Holders of
                                   such Accelerated Redemption Event; and

                              ii.  The Company and the Holders shall pay any and
                                   all taxes in equal shares that may be payable
                                   in respect of the issue or delivery of the
                                   Conversion Shares. The Company shall not,
                                   however, be required to pay any tax which may
                                   be payable in respect of any transfer
                                   involved in the issue and delivery of
                                   Conversion Shares in a name other than that
                                   in which the Preference Shares so converted
                                   were registered, and no such issue or
                                   deli-vary shall be made unless avid until the
                                   person requesting such issue has paid to the
                                   Company the amount f any such tax, or has
                                   established to th sat c :c.ion of the Compaey
                                   that tax has been paid.

(9) DEFINITIONS

     "Accelerated Redemption Event" means any Bankruptcy Event;

                                      -57-

<PAGE>

     "Accounting Principles" means the International Financial Reporting
     Standards promulgated by the International Accounting Standards Board
     ("IASB") (which includes standards and interpretations approved by the IASB
     and International Accounting Standards (IAS) issued under previous
     constitutions), together with its pronouncements thereon from time to time,
     and applied on a consistent basis;

     "Additional Shares" has the meaning set out in Article 4(i);

     "Affiliate" means with respect to any person, any other person that
     directly or indirectly, through one or more intermediaries, Controls, is
     Controlled by, or under common Control with the first mentioned person;

     "Articles" means the articles of association of the Company, as amended
     from time to time;

     "Associate" has the meaning set out in the Listing Rules;

     "Audited Net Income" for any financial year means the net income of the PRC
     Company as set forth in the audited Financial Statements for such financial
     year

     "Bankruptcy Event" means any of the following:

                              a.   any Group Member shall commence any case,
                                   proceeding or other action (1) under any
                                   existing or future law of any jurisdiction,
                                   domestic or foreign, relating to bankruptcy,
                                   insolvency, reorganization or relief of
                                   debtors. seeking to have an order for relief
                                   entered with respect to it, or seeking to
                                   adjudicate it bankrupt or insolvent, or
                                   seeking reorganization, arrangement,
                                   adjustment, winding-up, liquidation,
                                   dissolution, composition or other relief with
                                   respect to it or its debts, or (2) seeking
                                   appointment of a receiver, trustee,
                                   custodian, conservator or other similar
                                   official for it or for all or any substantial
                                   part of its assets; or

                              b.   there shall be commenced against any Group
                                   Member any case, proceeding or other action
                                   of a nature referred to in clause (i) above;
                                   or

                              c.   there shall be commenced against any Group
                                   Member any case, proceeding or other action
                                   seeking issuance of a warrant of attachment,
                                   execution, distraint or similar process
                                   against all or any substantial part of its
                                   assets which results in the entry of an order
                                   for any such relief; or

                              d.   any Group Member shall (1) make a general
                                   assignment for the benefit of its creditors,
                                   or (2) shall admit its inability to pay its
                                   debts when they bccoiae due; or

                                      -58-

<PAGE>

                              e.   one or more judgments or decress shall be
                                   entered against any Group Member involving,
                                   in the aggregate, a liability (to the extent
                                   not paid or fully covered by insurance)
                                   amounting to more than the net asset value of
                                   the Company on a consolidated basis, and all
                                   such judgments or decress shall not have been
                                   vacated, discharged, stayed or bonded pending
                                   appear within thirty (30) days from the entry
                                   thereof, or any action shall be taken by a
                                   judgment creditor to levy upon assets or
                                   properties of Group Member to enforce any
                                   such judgment;

     "Big 4" means any of KPMG, Deloitte Touche Tohmatsu, PricewaterhouseCoopers
     Ernst & Young or their respective successors:

     "Board" means the board of directors of the Company from time to time;

     "Business Day" means a day (excluding Saturday) on which banks are
     generally open for business in Hong Kong and in the PRC;

     "Buy-out Expenditures" means the aggregate amount paid by the Company
     whether in the form of cash or shares, for the acquisition of any shares in
     the PRC Company made after the date on which the Preference Shares are
     issued to the Holders up to the Ownership Adjustment Date;

     "Company" means Mindray International Holdings Limited;

     "Companies Ordinance" means the Companies Law, Cap. 22 (Law 3 of 1961, as
     consolidated and revised) of the Cayman Islands;

     "Control" means the power of a person (or persons acting in concert) to
     secure that the affairs of another are conducted directly or indirectly in
     accordance with the wishes of that person (or persons acting in concert) by
     means of: in the case of a company, being the beneficial owner of more than
     50 per cent. of either the issued share capita] of that company or of the
     voting rights in that company, or having the right to appoint or remove a
     majority of the directors or otherwise control the votes at board meetings
     of that company by virtue of any powers conferred by the articles of
     association, shareholders' agreement or any other document regulating the
     affairs of that company; in the case of a partnership, being the beneficial
     owner of more than 50 per cent. of the capital of that partnership, or
     having the right to control the composition of or the votes to the majority
     of the management of that partnership by virtue of any powers conferred by
     the partnership agreement or any other document regulating the affairs of
     that partnership; or, in the case of an individual, being an Associate of
     that individual; and "Controlled" shall be construed accordingly. For these
     purposes, "persons acting in concert", in relation to a person, are persons
     who actively co-operate, pursuant to an agreement or understanding (whether
     formal or informal), with a view to obtaining or consolidating Control of
     that person;

                                      -59-

<PAGE>

     "Conversion Price" means the price per Share to be issued upon conversion
     of all or some of the Preference Shares and which is calculated in
     accordance with Article 4(e) (subject to adjustments pursuant to Article
     4(i));

     "Conversion Shares" means the Shares to be issued by the Company upon
     conversion of the Preference Shares;

     "Conversion Date" has the meaning set out in Article 4(b);

     "Conversion Notice" has the meaning set out in Article 4(c);

     "DCL" means Dragon City International Investment Limited;

     "DCL Shares" means the number cf Preference Shares acquired from DCL
     pursuant to the Subscription Agreement;

     "Equity Share Capital" means the issued share capital of the Company
     including the Preference Shares, but excluding any part thereof which does
     not either as respects dividends or as respects capital carry any right to
     participate beyond a specified amount or beyond an amount calculated by
     reference to a specified rate in a distribution;

     "Family Member" means the spouse, co-habitee, mother, father, grandmother,
     grandfather, brother, sister or child of a Major Shareholder;

     "Financial Statements" shall include a balance sheet, income statement and
     statement of cash flows prepared in accordance with the Accounting
     Principles;

     "Fully Diluted Share Capital" means at any time the total number of Shares
     then issued, assuming the conversion, exchange and exercise in full of all
     of the then issued Ordinary Share Equivalents, including, the conversion of
     all of the issued Preference Shares at the then prevailing Conversion
     Price;

     "Group" means the Company and its subsidiaries, the PRC Company and its
     subsidiaries, and "Group Member" means any one of them (including the
     Company itself).

     "Holders" means the holders from time to time of the Preference Shares;

     "Hong Kong" means the Hong Kong Special Administrative Region of the PRC;

     "Investors" means GS Capital Partners V Fund, L.P., GS Capital Partners V
     Offshore Fund, L.P., GS Capital Partners V GmbH & Co. KG and GS Capital
     Partners V Institutional, L.P.;

     "Intellectual Property Rights" means:

                              i.   patents, trade marks, service marks,
                                   registered designs, applications and rights
                                   to apply for any of those rights, trade,
                                   business and company names,

                                      -60-

<PAGE>

                                   internee domain names and e-mail addresses,
                                   unregistered trademarks and service marks,
                                   copyrights, database rights, rights in
                                   software, knowhow, rights in designs and
                                   inventions; and

                              ii.  rights under licenses, consents, orders
                                   statutes or otherwise in relation to a right
                                   in paragraph (a);

     "IPO" means a listing of the ordinary share capital of the Company on the
     Stock Exchange;

     "IPO Anti-Dilution Amount" means for each Preference Share, the difference
     between (x) Conversion Price in effect immediately before an IPO and (v)
     the Conversion Price that would be in etfect if the Conversion Price
     adjustment formula in Article 4(i) were applied with respect to new shares
     issued in the IPO (if such IPO offering price is lower than the prevailing
     Conversion Price immediately prior to the IPO);

     "IPO Price" means the lowest price in the range for the offering price per
     ordinary share of the Company to be listed on the Stock Exchange;

     "Liquidation Preference" has the meaning set out in Article 2(a);

     "Listing Rules" means the Rules Governing the Listing of Securities on the
     Stock Exchange of Hong Kong Limited;

     "Major Shareholders" means Xu Hang, Li Xiting and Cheng Minghe and "Major
     Shareholder" means any one of them;

     "Ordinary Share Equivalents" means any security or obligation which is by
     its terms convertible into or exchangeable or exercisable for Shares or
     other share capital of the Company, including without limitation, the
     Preference Shares, other convertible preference shares or convertible debt
     instruments, any option, warrant or other subscription or purchase right
     with respect to the Shares or such other share capital in the Company;

     "Ownership Adjustment Date" means the earlier of (i) the earliest
     practicable date prior to an IPO and (ii) the Performance Adjustment Date;

     "Ownership Adjustment Factor" has the meaning set out in Article 4(k);

     "Participating Dividend" has the meaning set out in Article 1(a);

     "Percentage Interest" means at any time the amount resulting from dividing
     (x) the aggregate number of Shares into which each Preference Share is then
     convertible by (y) the Fully Diluted Share Capital;

     "Performance Adjustment Date" means the date epos which adjustmset shall he
     performed which shall be a date that falls within 1 month following the
     dote the audited

                                      -61-

<PAGE>

     accounts of the PRC Company for the year ending 31 December 2005 are
     available hut in any event no later than 30 June 2006;

     "Permitted Transfers" means any transfer of Equity Share Capital:

                                   1.   to a person who is to hold such Equity
                                        Share Capital transferred, as a niminee
                                        on behalf of the transferor (but
                                        excludes any transfer by such nominees
                                        and a nominee for the purposes of this
                                        definition excludes any entity that is a
                                        member of an Investor);

                                   2.   by a nominee to the beneficial owner of
                                        such Equity Share Capital to another
                                        nominee of the same beneficial owner; or

                                   3.   to an Affiliate; or

                                   4.   in the case of a Major Shareholder to a
                                        Family Member;

     "Preference Shares" means the convertible redeemable preference shares of
     HK$0.01 each in the capital of the Company, having the rights set out
     herein;

     "Qualified IPO" means an IPO on the Stock Exchange which occurs within the
     following periods with the corresponding minimum IPO Price or an IPO to
     which any one of the Investors has otherwise consented expressly to as a
     Qualified IPO:

     IPO Timing

<TABLE>
<S>                              <C>   <C>    <C>     <C>     <C>
(No. of months after the
Completion Date up to the date
of any prospectus issued in
connection with a Listing)       0-6   6-12   12-18   18-24   Thereafter

IPO Price as % of the
Conversion Price                 100%   120%    135%    170%     200%
</TABLE>

     "Redemption Amount" has the meaning set out in Article 5(c);

     "Redemption Date" has the meaning set out in Article 5(a);

     "Redemption Notice" has the meaning set out in Article 5(b);

     "Redemption Notice Date" has the meaning set out in Article 5(a);

     "Secondary Shares" means the number of Preference Shares acquired from the
     Major Shareholders pursuant to the Subscription Agreement;

     "Share(s)" means ordinary shares of HK$0.01 each in the issued share
     capital of the Company in issue from time to time and all other (if any)
     stock or

                                      -62-

<PAGE>

     shares from time to time and for the time being ranking par; passu
     therewith and all other (if any) stock or shares in the Equity Share
     Capital resulting from any sub-division, consolidation or
     re-classification thereof; having the rights and being subject to the
     restrictions set out in the Articles;

     "Stock Exchange" means The Stock Exchange of Hong Kong Limited or such
     other internationally recognised stock exchange as may be agreed by any one
     of the Holders and the Major Shareholders in writing from time to tine;

     "Subscription Date" means the date of subscription of the Preference Shares
     by the Holders;

     "Subscription Agreement" means the subscription and share purchase
     agreement dated 6 July 2005 and entered into between the Company, DCL, the
     Investors and the Major Shareholders in relation to, inter alia, the
     subscription for the Preference Shares by the Investors;

     "Subscription Price" means the Subscription Amount divided by the sum of
     the number of Preference Shares issued and the Seconda:y Sale Shares and
     DCL Shares purchased pursuant to the Subscription Agreement;

     "Trade Sale" means any event whereby either (i) the Major Shareholders and
     their transferees under Permitted Transfers in aggregate cease to directly
     or indirectly hold legal and beneficial ownership and voting rights of at
     least 30% of the Fully Diluted Share Capital of the Company; or (ii) the
     Company's Voting rights or interest in the registered capital of the PRC
     Company decreases at any time to less that 80%, or (iii) a sale of all or
     substantially all of the assets of the PRC Company or the Company;

     "Tax" means any form of Taxation, levy, duty, charge, contribution or
     impost of whatever nature (including any related fine, penalty, surcharge
     or interest) imposed by a Tax Authority; and

     "Tax Authority" means any local, municipal, governmental, state, federal or
     other fiscal, revenue, customs or excise authority, body or official
     any-where in the world including, without limitation, the Inland Revenue
     Department of Hong Kong, the State Tax Bureau of the PRC and the relevant
     provincial and/or local Tax bureau of the PRC.

                                      -63-

<PAGE>

                                    EXHIBIT A

                        FORM OF REDEMPTION NOTICE [date]

To:  [the Company]

     [Address]

Re:  Redemption Notice in relation to the Preference Shares

Dear Sirs:

We, the Holders, hereby deliver this Redemption notice pursusrt to Section 4(b)
of the Certificate of Designations (as hereinafter defined) and hereby notify
the Company of the exercise of the redemption right set forth in Section 5(b)[i]
[ii] [iii] of the Certificate of Designations to redeem [___] Preference Shares
at a redemption price calculated pursuant to Section 5(d) ((the "Redemption
Price").

Aggregate accrued but unpaid dividends with respect to the Preference Shares be
redeemed: US$ [__________]

Total Redemption Amount: US$ [__________]

Please kindly transfer to each of the redeeming Holders their pro rata share of
the Redemption Amount in accordance with the provisions of Section 5(f) of the
Certificate of Designations.

Capitalized terms used herein and not otherwise defined shall have their
respective meanings as set forth in the Certificate of Designations contained in
Schedule A to the Amended and Restated Articles of Association of the Company
(the "Certificate of Designations").

     Very truly yours,

[Names of the Holder(s)]

By:
    ---------------------------------

Name:
      -------------------------------

Title:
       ------------------------------

                                      -64-
<PAGE>

                                    EXHIBIT B

                            FORM OF CONVERSION NOTICE

To: [the Company]

    [Address]

Re: Conversion Notice in relation to the Preference Shares

Dear Sirs:

We, the Holders, hereby deliver this Conversion Notice pursuant to Section 4(c)
of the Certificate of Designations (as hereinafter defined) and hereby notify
the Company of the exercise of the conversion right set forth in Section 4(a)[i]
[ii] [iii] of the Certificate of Designations to convert [ ] Preference Shares
at the applicable Conversion Price.

Aggregate accrued but unpaid dividends with respect to the Preference Shares be
converted: US$ [__________________]

Total Shares to be issued upon conversion: [____________________] Shares

Please kindly issue to each of the Holders their pro rata share of the Shares
issuable upon conversion in accordance with this Conversion Notice and with the
provisions of Section 4(e) of the Certificate of Designations.

Capitalized terms used herein and not otherwise defined shall have their
respective meanings as set forth in the Certificate of Designations contained in
Schedule A to the Amended and Restated Articles of Association of the Company
(the "Certificate of Designations").

Very truly yours,

[Names of the Holder(s)]:

By:
    ------------------------------------
Name:
      ----------------------------------
Title:
       ------------------------------------

                                      -65-

<PAGE>

                                   SCHEDULE 7

                                  KEY EMPLOYEES

<TABLE>
<CAPTION>
Key Employee    ID No.
------------    ------
<S>             <C>
Xu Hang         440301196205186972
Li Xiting       420106510617441
Wang Fuqing     352229671112553
Cheng Minghe    310104611009045
Liu Xiancheng   510212196809170375
Mu Lemin        420106540917527
Yan Baiping     610103196308042019
Guo Yanmei      340111631019752
Wang Lieming    220104540212442
Huang Yuxing    610103196209172432
Wu Hao          310110197206205013
</TABLE>

                                      -66-

<PAGE>

EXECUTED by the parties:

GS CAPITAL PARTNERS V FUND, L.P.

BY: GSCP V Advisors, L.L.C.
    its General Partner

BY:        /s/ Hsueh J. Sung
    ---------------------------------
    Hsueh J. Sung

GS CAPITAL PARTNERS V FUND, L.P.

BY: GSCP V Offshore Advisors, L.L.C.
    its General Partner

BY:        /s/ Hsueh J. Sung
    ---------------------------------
    Hsueh J. Sung

GS CAPITAL PARTNERS V FUND, L.P.

BY: GS Advisors V, L.L.C.
    its Managing Limited Partner

BY:        /s/ Hsueh J. Sung
    ---------------------------------
    Hsueh J. Sung

GS CAPITAL PARTNERS V FUND, L.P.

BY: GSCP Advisors V, L.L.C.
    its General Partner

BY:        /s/ Hsueh J. Sung
    ---------------------------------
    Hsueh J. Sung

                                      -67-

<PAGE>

Signed by

-------------------------------------

       /s/ Li Xiting
-------------------------------------
LI XITING

duly authorised for and on behalf of

MINDRAY INTERNATIONAL HOLDINGS
LIMITED

Signed by

-------------------------------------

       /s/ Xu Hang
-------------------------------------
XU HANG

duly authorised for and on behalf of

SHENZHEN MINDRAY BIO-MEDICAL
ELECTRONICS CO., LTD.

Signed by

-------------------------------------

       /s/ Yip Chi Yu
-------------------------------------
YIP CHI YU

duly authorised for and on behalf of

DRAGON CITY INTERNATIONAL INVESTMENT
LIMITED

                                      -68-

<PAGE>

Signed by

         /s/ Xu Hang
-------------------------------------
XU HANG

Signed by

         /s/ Li Xiting
-------------------------------------
LI XITING

Signed by

         /s/ Cheng Minghe
-------------------------------------
CHENG MINGHE

                                      -69-
<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                            Page
                                                                            ----
<S>                                                                         <C>
1.  INTERPRETATION.......................................................     2
2.  CONDITIONS AND CONDUCT BEFORE COMPLETION.............................    10
3.  COMPLETION...........................................................    13
4.  USE OF PROCEEDS......................................................    17
5.  WARRANTIES...........................................................    17
6.  AUTHORITY AND CAPACITY...............................................    20
7.  COSTS AND FEES.......................................................    20
8.  ANNOUNCEMENTS........................................................    21
9.  NOTICES AND OTHER COMMUNICATIONS.....................................    21
10. CONFIDENTIAL INFORMATION.............................................    22
11. MISCELLANEOUS........................................................    23
12. GOVERNING LAW AND ARBITRATION........................................    23
13. PREVIOUS AGREEMENTS..................................................    24
14. INFORMATION..........................................................    32
15. CAPACITY AND AUTHORITY...............................................    32
16. SHARES AND SUBSIDIARY UNDERTAKINGS...................................    33
17. LIABILITIES..........................................................    34
18. ACCOUNTS.............................................................    35
19. CURRENT TRADING......................................................    35
20. TAX..................................................................    36
21. ASSETS...............................................................    37
22. INTELLECTUAL PROPERTY................................................    37
23. ENVIRONMENTAL MATTERS................................................    38
24. AGREEMENTS...........................................................    38
25. LITIGATION AND COMPLIANCE WITH LAW...................................    39
26. EMPLOYEES............................................................    40
27. MISCELLANEOUS........................................................    41

SCHEDULE I Part A - THE MAJOR SHAREHOLDERS
           Part B - THE INVESTORS
</TABLE>

                                       -i-

<PAGE>

                                TABLE OF CONTENTS
                                   (continued)

<TABLE>
<CAPTION>
                                                                            Page
                                                                            ----
<S>                                                                         <C>
SCHEDULE 2 Part A - DETAILS OF THE GROUP
           Part B - DETAILS OF DCL
SCHEDULE 3 WARRANTIES
SCHEDULE 4 PRC COUNSEL OPINION MATTERS
SCHEDULE 5 ANNUAL BUDGET
SCHEDULE 6 TERMS AND CONDITIONS OF THE CONVERTIBLE REDEEMABLE PREFERENCE
           SHARES
SCHEDULE 7 KEY EMPLOYEES
</TABLE>

                                      -ii-
<PAGE>

                                                               Execution Version

SUBSCRIPTION AND SHARE PURCHASE AMENDMENT AGREEMENT

This Agreement is made on 22 August 2005

BETWEEN:

(1)  MINDRAY INTERNATIONAL HOLDINGS LIMITED a private limited company
     incorporated in the Cayman Islands with its registered office at c/o Codan
     Trust Company (Cayman) Limited, Century Yard, Crickets Square, Hutchins
     Drive, P.O. Box 2681 GT, George Town, Grand Cayman, British West Indies
     (the COMPANY);

(2)  SHENZHEN MINDRAY BIO MEDICAL ELECTRONICS CO., LTD., a foreign invested
     company limited by shares incorporated in the People's Republic of China,
     with its legal address at Mindray Building, Keji 12th Road South, Hi-tech
     Industrial Park, Nanshan, Shenzhen, PRC, 518057 (the PRC COMPANY);

(3)  THE PERSONS whose names and addresses are set out in Part B of Schedule 1
     (together the INVESTORS and each an INVESTOR);

(4)  THE INDIVIDUALS whose names and addresses are set out in Part A of Schedule
     1 (the MAJOR SHAREHOLDERS and each a MAJOR SHAREHOLDER); and

(5)  DRAGON CITY INTERNATIONAL INVESTMENT LIMITED, a private limited company
     incorporated in the British Virgin Islands with its registered office at
     OMC Chambers, P.O. Box 3152, Road Town, Tortola, British Virgin Islands
     (DCL).

WHEREAS:

(A)  The Parties on 6 July 2005 entered into a Subscription and Share Purchase
     Agreement (the SSPA) under which the Parties have agreed that the
     Investors, subject to satisfaction of various conditions precedent and
     closing day obligations as set out therein, shall (i) subscribe for and be
     issued certain convertible redeemable preference shares issued by the
     Company (the SUBSCRIPTION SHARES) for consideration of US$28,089,302 (the
     SUBSCRIPTION MONIES) and (ii) purchase from the Major Shareholders and DCL
     certain additional convertible, redeemable preference shares in the Company
     (the SECONDARY SHARES and DCL SHARES, respectively) for aggregate
     consideration, respectively, of US$7,940,465 (the SECONDARY SALE AMOUNT)
     and US$3,970,233 (the. DCL AMOUNT).

(B)  The Cut-off Date (as defined in the SSPA) has expired, and the Parties wish
     to extend the Cut-off Date as permitted under the terms of the SSPA.

<PAGE>

(C)  The Parties have agreed to revise the funding mechanics for the
     Subscription Monies and Secondary Sale Amount and timing of such funding to
     effect funding prior to Completion under the SSPA.

(D)  The Company and the Investors have on same date executed an Escrow
     Agreement with The Hongkong and Shanghai Banking Corporation Limited as
     escrow agent (the ESCROW AGENT) whereby the Subscription Monies will be
     paid into escrow and released to the Company pending Completion.

(E)  The Investors, the Major Shareholders and DCL have agreed that the
     Secondary Sale Amount and DCL Amount shall be paid by the Investors prior
     to Completion in accordance with the terms set out herein with such
     Secondary Sale Amount and DCL Amount to be repaid to the Investors, as set
     out herein, if Completion for any reason does not occur.

(F)  The Investors, the Major Shareholders and DCL have on same date executed
     share mortgage agreements (together, the SHARE MORTGAGE AGREEMENTS) under
     which each of the Major Shareholders (excluding Cheng Minghe) shall
     mortgage to the Investors a portion of its shares in an entity which
     indirectly holds an interest in the PRC Company to secure their respective
     repayment obligations for the Secondary Sale Amount.

(G)  Xu Hang has on same date executed share mortgage agreements (the BACK-STOP
     SHARE MORTGAGE AGREEMENTS) to secure the repayment obligations of Cheng
     Minghe and DCL for Cheng Minghe's pro-rata portion of the Secondary Sale
     Amount and the DCL Amount, respectively. The Back-Stop Share Mortgages
     shall continue to be effective until the Relevant Date (as defined
     therein).

THE PARTIES AGREE as follows:

1. Within one Business Day (defined as any day when banks in New York and Hong
Kong are open for general business) following the satisfaction of the following
Conditions Precedent, the Investors shall pay the Secondary Sale Amount and DCL
Amount to the Major Shareholders and DCL in the proportions set out in the SSPA
in consideration for the purchase of the Secondary Shares and DCL Shares:

(i)  Execution of the Share Mortgage Agreements by the Major Shareholders and
     DCL;

(ii) Provision to the Investors of original share certificates and executed
     transfer forms in blank as are required to perfect the security created
     under the Back-stop Share Mortgage Agreements and the Share Mortgage
     Agreements (other than the Share Mortgage Agreement executed by DCL in
     respect of shares in Greatest Elite). The Major Shareholders and DCL shall
     endeavor to provide such certificates and transfer forms within three
     Business Days after the date of execution of this Agreement;

(iii) The execution of an escrow agreement with the Escrow Agent in form and
     substance satisfactory to the Investors; and

(iv) The Investors have received a legal opinion from the Investors' British
     Virgin Islands counsel relating to the Share Mortgage Agreements and
     Back-stop Share Mortgage

                                                                          Page 2

<PAGE>

     Agreements, provided that such Condition Precedent shall bedeemed waived if
     the opinion is not received within three (3) Business Days after the date
     of execution of this Agreement.

2. In the event that the SSPA is terminated for any reason whatsoever prior to
Completion, each Major Shareholder and DCL shall on a several basis within five
(5) days after such termination (PAYMENT DEADLINE) repay an amount equal to (i)
its respective portion of the Secondary Sale Amount (in the case of the Major
Shareholders) as set out in Schedule 1 or (ii) the DCL Amount (in the case of
DCL), in US dollars to the Investors. Such amounts shall be transferred by the
Major Shareholders and DCL to an account(s) designated by the Investors without
deduction or set-off of any kind. Interest shall accrue daily on any amounts not
paid by the Payment Deadline (including amounts payable under Clause 3) at the
rate of 8% per annum.

3. The Investors shall be entitled to be paid (and the relevant Major
Shareholders and DCL shall pay to the Investors) an amount equal to 40% of all
dividends declared on shares mortgaged under the Share Mortgage Agreements or
Back-stop Share Mortgage Agreements during the period commencing from the date
of payment by the Investors under Clause 1 of the Secondary Sale Amount and DCL
Amount and terminating with respect to any particular mortgaged shares upon the
earlier of (i) the date of expiration of the security period (as defined in the
relevant Share Mortgage Agreement or Back-stop Share Mortgage Agreement) and
(ii) Completion under the SSPA.

4. The Cut-off Date as defined in the SSPA is hereby extended to 15 February
2006 and the SSPA shall be amended accordingly.

5. Existing Clause 1.1 of the SSPA shall be amended by adding the following
definitions:

     "AMENDMENT AGREEMENT" means the Amendment Agreement executed on 22 August
     2005 by the Parties;

     "ESCROW AGENT" means The Hongkong and Shanghai Banking Corporation Limited;

6. Existing Clause 3.1.4 of the SSPA (other than the table which shall remain)
shall be replaced by the following new Clause 3.1.4:

     "the Investors shall purchase and each of the Major Shareholders shall sell
     such percentage of the total number of Secondary Shares set out against its
     name below in consideration for payment of the Secondary Sale Amount under
     the Amendment Agreement:"

7. Existing Clause 3.1.5 of the SSPA (other than the table which shall remain)
shall be replaced by the following new Clause 3.1.5:

     "the Investors shall purchase and DCL shall sell the DCL Shares in
     consideration for payment of the DCL Amount under the Amendment Agreement:"

8. Existing Clauses 3.1.6(a) and 3.1.7(a) shall be revised by deleting the words
"and the Registration Rights Agreement".

                                                                          Page 3

<PAGE>

9. Existing Clause 3.1.6(b) of the SSPA shall be replaced by the following new
Clause 3.1.6(b):

     "(b) subject to deposit of the Subscription Monies in full with the Escrow
          Agent and receipt of a copy of the Escrow Agreement's joint signatory
          instructions to the Escrow Agent to release the Subscription Monies'to
          the Company executed by the Investors' representative, share
          certificate(s) for the Convertible Redeemable Preference Shares in the
          name of the Investors as set out in Clause 3.1.2;"

10. Existing Clause 3.1.7(c) of the SSPA shall be replaced by the following new
Clauses 3.1.7(c) and 3.1.7(d):

     "(c) a copy of the Escrow Agreement's joint signatory instructions to the
          Escrow Agent to release the Subscription Monies to the Company
          executed by the Investors' representative; and"

     "(d) (i) Deeds of Release relating to the Share Mortgage Agreements,
          executed by the Investors; and (ii) all original share certificates
          and transfer forms which were delivered by the mortgagors under the
          Share Mortgage Agreement to the Investors."

11. The following new Clause 11.9 shall be added:

     "The Investors shall enjoy the registration rights set out in the
     registration rights term sheet in the agreed form."

12. This Agreement amends the SSPA only to the extent expressly provided herein.

13. This Agreement shall be governed by and construed in accordance with the
laws of Hong Kong.

14. If any dispute between the parties arises in connection with this Agreement,
they shall use all reasonable endeavours to resolve the matter amicably. If one
party gives another notice that a material dispute has arisen and those parties
are unable to resolve the dispute within 30 days of service of notice, then the
dispute shall be referred to arbitration in accordance with Clause 15.

15. All disputes arising out of or in connection with this Agreement shall be
finally settled under the Rules of Arbitration of the International Chamber of
Commerce by three arbitrators appointed in accordance with the said Rules. The
arbitration institute shall be the International Court of Arbitration of the
International Chamber of Commerce. The place of arbitration shall be in Hong
Kong. The language of the arbitration shall be English.

                                                                          Page 4

<PAGE>

16. This Agreement may be entered into by any Party by executing a counterpart
hereof. All such counterparts when taken together shall constitute one and the
same instrument and this Agreement shall only take effect upon the execution by
each of the Parties hereto.

EXECUTED by the parties:

GS CAPITAL PARTNERS V FUND, L.P.

BY: GSCP V Advisors, L.L.C.
    its General Partner

BY:    /s/ Mary Y.Nee
    ---------------------------------------

GS CAPITAL PARTNERS V OFFSHORE FUND, L.P.

BY: GSCP V Offshore Advisors, L.L.C.
    its General Partner

BY:   /s/ Mary Y.Nee
    ---------------------------------------

GS CAPITAL PARTNERS V GmbH & CO. KG

BY: GS Advisors V, L.L.C.
    its Managing Limited Partner

BY:   /s/ Mary Y.Nee
    ---------------------------------------

GS CAPITAL PARTNERS V INSTITUTIONAL, L.P.

BY: GS Advisors V, L.L.C.
    its General Partner

BY:   /s/ Mary Y.Nee
    ---------------------------------------

Signed by

-------------------------------------------

-------------------------------------------

duly authorised for and on behalf of     )
MINDRAY INTERNATIONAL HOLDINGS LIMITED   )

                                                                          Page 5

<PAGE>

Signed by

-------------------------------------------

         /s/ Yip Chi Yu
-------------------------------------------

duly authorised for and on behalf of         )
DRAGON CITY INTERNATIONAL INVESTMENT LIMITED )

Signed by

         /s/ Xu Hang
-------------------------------------------
XU HANG

Signed by

         /s/ Li Xiting
-------------------------------------------
LI XITING

Signed by

         /s/ Cheng Minghe
-------------------------------------------
CHENG MINGHE

                                                                          Page 6
<PAGE>

                                   SCHEDULE 1

                         PART A - THE MAJOR SHAREHOLDERS

<TABLE>
<S>                         <C>
                            Pro-rata portion of Secondary Sale Amount

Xu Hang                     US$2,382,139
ID No. 440301196205186972

Li Xiting                   US$4,764,279
ID No. 420106510617441

Chen Minghe                 US$794,047
ID No. 310104611009045
</TABLE>

                             PART B - THE INVESTORS

<TABLE>
<S>  <C>                                <C>
1.   GS CAPITAL PARTNERS V FUND, L.P.

     -    nature (e.g. limited
          liability company):           Limited partnership

     -    place of incorporation:       Delaware

     -    registered office:            The Corporation Trust Company,
                                        Corporation Trust Center,
                                        1209 Orange Street, Wilmington,
                                        Delaware 19801, USA

     -    relationship with other
          Investors:                    General Partner:

                                        Affiliates of the Goldman Sachs Croup,
                                        Inc.

2.   GS CAPITAL PARTNERS V OFFSHORE FUND, L.P.

     -    nature (e.g. limited
          liability company):           Limited partnership

     -    place of incorporation:       Cayman Islands
</TABLE>

                                                                          Page 7

<PAGE>

<TABLE>
<S>  <C>                                <C>
     -    registered office:            c/o M&C Corporate Services Limited,
                                        P.O. Box 309, Grand Cayman,
                                        Cayman Islands,
                                        British West Indies

     -    relationship with other
          Investors:                    General Partner:

                                        Affiliates of the Goldman Sachs Group,
                                        Inc.

3.   GS CAPITAL PARTNERS V GmbH & CO. KG

     -    nature (e.g. limited
          liability company):           Limited partnership

     -    place of incorporation:       Germany

     -    registered address:           c/o Goldman, Sachs & Co., OHG,
                                        Messeturm, Friedrich-Ebert-Anlage,
                                        49, 60323 Frankfurt/Main
                                        Germany

     -    relationship with other
          Investors:                    General Partner:
                                        Affiliates of the Goldman Sachs Group,
                                        Inc.

4.   GS CAPITAL PARTNERS V INSTITUTIONAL, L.P.

     -    nature (e.g. limited
          liability company):           Limited partnership

     -    place of incorporation:       Delaware

     -    registered office:            The Corporation Trust Company,
                                        Corporation Trust Center,
                                        1209 Orange Street, Wilmington,
                                        Delaware 19801, USA
</TABLE>

                                                                          Page 8

<PAGE>

<TABLE>
<S>  <C>                                <C>
     -    relationship with other
          Investors:                    General Partner:

                                        Affiliates of the Goldman Sachs Group,
                                        Inc.
</TABLE>

                                                                          Page 9

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