(CWO.L) China Wonder Ltd Buy/Sell

RNS Number : 9213A China Wonder Limited 16 October 2009

China Wonder Limited

(the "Company" or "China Wonder")

Acquisition of shares in Jinzhou Wonder Packing Co., Ltd

China Wonder, a leading manufacturer of non-standard machinery and equipments in China, is pleased to announce that one of its wholly-owned subsidiaries, Jinzhou Wonder Packing Machinery Co., Ltd, has acquired a 50% equity stake in Jinzhou Wonder Packing Carton Co., Ltd ("JWPC") for a cash consideration of RMB1,900,000 (approximately £170,748).

JWPC is engaged in designing, manufacturing and marketing cartons of high, middle and low-grade, color cartons and boxes, adhesive label, wooden pallets, wooden boxes and fumigation free pallets. JWPC is the largest manufacturer and supplier in the paper products and packing carton industry in the Jinzhou region of China.

The unaudited financial statements for the twelve months to 31 December 2008 showed JWPC recording a profit before tax of RMB63 (approximately £6). The unaudited net assets as at 31 December 2008 for JWPC were RMB2,586,023 (approximately £232,399).

Mr. Qingdong Zeng, CEO of China Wonder commented: "The investment in JWPC will greatly increase its production capacity and improve its manufacturing technology. The board of China Wonder anticipate that the investment will result in JWPC making a significant contribution to China Wonder's sales income in the future."

The sterling figures are based on an exchange rate of £1=RMB11.1275

For further information, please contact:

Mark Chapman China Wonder Limited Tel: 01483 894 627Mob: 07918

Dan Bate WH Ireland Limited Tel: 0161 832 2174

This information is provided by RNS The company news service from the London Stock Exchange

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