Good for u, i loaded some at $0.15, wahahahaha.

Hope tis one will rally to much much higher leverl.

Hee

Ooopps!!! to excited!!!! forgot to paste the good news:

CHINA HONGXING SPORTS LIMITED pari passu in all respects with the existing issued

(Incorporated in Bermuda)

__________________________________________________________________________

CONVERSION OF 9,608,000 REDEEMABLE NON-CUMULATIVE CONVERTIBLE

PREFERENCE SHARES (‘RCPS’) AT A CONVERSION PRICE OF S$0.25 PER ORDINARY

SHARE

The Board of Directors of CHINA HONGXING SPORTS LIMITED (the ‘Company’) wishes to

announce on the mandatory conversion of an aggregate 9,608,000 RCPS of HK$0.01 each in the

capital of the Company to 48,040,000 ordinary shares of HK$0.02 each in the capital of the

Company at a conversion price of S$0.25 per share, held by the following RCPS holders:-

OCH-ZIFF Capital Management US Sports, Ltd. (‘OZ US’);

OCH-ZIFF Capital Management Asia Sports, Ltd. (‘OZ Asia’); and

OCH-ZIFF Capital Management Specials Sports, Ltd. (‘OZ Specials’).

Pursuant to the Subscription Agreement dated 13 April 2006 between the Company and (1) OZ

US; (2) OZ Asia; (3) OZ Specials; and (4) CIM VII Limited, the Company has allotted 48,040,000

new ordinary shares of HK$0.02 each in the capital of the Company (‘New Shares’) to the Central

Depository (Pte) Limited (for credit into the securities account of each of OZ US, OZ Asia and OZ

Specials) and such New Shares shall rank

ordinary shares of the Company.

The Company has applied to the Singapore Exchange Securities Trading Limited for listing and

quotation of the New Shares on 21 April 2009.

Following the issue of the New Shares, the number of issued and paid-up ordinary shares of the

Company has increased to 2,800,000,000 ordinary shares of HK$0.02 each.

Submitted by Denis Wu Rongzhao, Chief Executive Officer and Executive Director to the

SGX-ST on 20 April 2009.

We also expect index leaders that have consolidated well to

‘show the way’ towards 2140.