YING LI INTERNATIONAL REAL ESTATE LIMITED

(Incorporated in the Republic of Singapore)

(Company Registration No. 199106356W)

ACQUISITION OF NEW SUBSIDIARY

The Board of Directors of Ying Li International Real Estate Limited (the “

announce that the Company has on 19

SHINY PROFIT ENTERPRISES LIMITED (“Shiny”). Shiny is a company incorporated in the British

Virgin Islands with an initial issued and paid-up capital of US$10,000 comprising of 10,000 shares of

US$1.00 each.

The principal activity of Shiny is that of an investment holding company.

The above transaction is not expected to have any material impact on the earnings per share and net

tangible assets per share of the Company for the current financial year.

None of the Directors or substantial shareholders of the Company has any interest, direct or indirect, in

the above transaction.

BY ORDER OF THE BOARDCompany”) is pleased toth January 2010 acquired a new wholly-owned subsidiary,

YING LI INTERNATIONAL REAL ESTATE LIMITED

Xie Xin

Director

Date: 20th January 2010

J.P. Morgan (S.E.A.) Limited is the financial adviser to the Company in relation to the reverse

takeover of the Group. This announcement has been prepared and released by the Group.

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_3D01BC6B24FDAA8B482576B1003A042E/$file/Yingli_Announcement_20Jan2010.pdf?openelement