KING TECH AWARDED CONTRACT IN XIANNING MUNICIPAL, PRC

King Tech International Limited is pleased to announce that it has been awarded an Asphalt Rubber Supply contract by Xianning City Construction Committee of Xianning Municipal, the local government department in Hubei Province, China. The contract, to provide Asphalt-Rubber material and related engineering services, includes material designs, production and construction supervisions for 4 major city roads with a total length of 10km. It is anticipated that the success of this project will lead to an additional 2 engineering, procurement and construction contracts in Xianning on a pre-agreed basis. The initial award will facilitate fast-track execution of King Tech Asphalt-Rubber by making best use of King Tech's current mobilization teams and its state-of-the-art machinery in the region and as a result continued contracts are expected to result towards 2009.

Commenting, Mr. Paul Lee, Group CEO of King Tech, said: "The first 6 months of 2008 has been record breaking for King Tech in terms of new business commitment wins. The award of the Xianning City Construction Committee's contract, in particular, is another tremendous success for the Group. We continue to place great emphasis on winning good quality contracts that provide clear and sustainable margins. I am particularly pleased that we have an order book generating future revenues with committed clients which we expect to increase as the various projects we are considering are turned into completed contracts."

About Xianning City Construction Committee, PRC

Xianning City Construction Committee, which falls under the Construction Department of Hubei Province, PRC, is responsible for the general construction affairs for the development for Xianning City, including infrastructures, real properties, and roadway networks. The committee conducts studies, planning and implementation of major development projects spanning in the city.

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