Phoenician Funds

King Tech International Ltd - Contract with the Shijiazhuang Communication Bureau

Asphalt-Rubber Supply for the Construction of Xibaipo Highway        

King Tech International Limited ("King Tech" or "the Company"), the PLUS-quoted Asphalt-Rubber (AR) specialist is pleased to announce that the Company was awarded an AR supply and consulting services contract by the Engineering Management Office of the Shijiazhuang Communication Bureau, and completed the said contract for the construction of the Xibaipo Highway in Hebei, PRC.

With a total investment of RMB784 million, an AR section is included in the entire 28 km road construction project. This latest contract joins King Tech's extensive track record and is an important step in increasing the Company's presence in Hebei. Mr. Paul Lee, Group CEO of King Tech said, "We are committed to providing quality services and devoting to deliver superior results to customers, this explains why we are here in Hebei again."

As one of China's 60th Anniversary Celebration projects, the Grade-1 highway utilizes the highest technical standards and is completed in 14 months, 10 months in advance. Mr. Paul Lee continued, "The completion of this high-profile project has further strengthened and demonstrated King Tech's position in the industry. We expect to build on this significant opportunity for further new contracts wins in the region, including those under negotiations."

Notes to editors:

About King Tech

King Tech is an environmental technology company and principally produces and supplies AR (obtained by shredding used tyres) for paving roadways in China. AR was invented in 1960's and has proved advantageous over the use of conventional paving roadway substances, such advantages include high durability, high versatility, cost reduction, noise reduction, improved driving safety and other environmental benefits.

King Tech is a member of the Rubber Pavements Association (in US) and its technical team includes AR experts from US, China and other parts of Asia. King Tech also owns a laboratory for AR related design and research. King Tech has worked with Chinese government authorities, state-owned enterprises as well as private companies for a total potential market value of over GBP28billion in China.

King Tech is quoted on the PLUS market (www.plusmarketsgroup.com) under the symbol "KTIP"

About Shijiazhuang Communication Bureau, Hebei, PRC

Shijiazhuang Communication Bureau is a government authority under the Hebei Department of Communication responsible for the management and development of the transportation system in the city of Shijiazhuang. The Xibaipo Highway was constructed under the supervision of the Engineering Management Office of the bureau.

About Hebei Province, PRC

Surrounding Beijing and Tianjin, Hebei is located in the North part of China. Hebei has 70 million pollution, ranking the 6th in the country spanning over 185,000km2. Within Hebei, there are famous cities and ports like the Qinhuangdao port, the second busiest port in China; and Xibaipo, the location of the Central Committee of the Communist Party of China and the headquarters of the People's Liberation Army during the Chinese Civil War. This contributes to the vast 150,000km road network within the province.

Reference:
http://www.hebei.gov.cn/index.htm
http://www.hbsjtt.gov.cn/
http://www.sjzjt.gov.cn/
http://www.chinaccm.com/82/8220/822008/news/20090902/085756.asp

For further information contact:

King Tech International Limited
Paul Lee: +852 2545-4502

DMH Stallard LLP
Stephen Clow: +44 (0)20 7822 1510

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