The First U.S. Publicly Reporting Chinese Golf Course and Golf Real Estate Development Company Will Speak at Wharton Asia Business Conference 2010

SHANGHAI, Nov. 7, 2010 /PRNewswire-Asia-FirstCall/ -- Headquartered in Shanghai, China Golf Group, Inc. ("China Golf", or the "Company", or "we"), a leading designer and developer of premium golf courses, golf communities and improved land properties in China, and the first of its kind publicly registered and reporting in the United States, today announced it will participate in the Wharton Asia Business Conference 2010, with the theme of "Global Asia, Global Opportunities: Capitalizing on the Growth in the East."   The Wharton Asia Business Conference ("WABC") is the preeminent business school conference focusing on the Asia Pacific region.  This year's discussions will revolve around the subject of Asia leading the global recovery, the increased wealth being found amongst Asia's new consumer class, and what investment and entrepreneurial opportunities these new dynamics provide for global investors and business professionals.  This year's conference will be held on Friday, November 19, at Park Hyatt in Bellevue, Philadelphia.

Mr. Tiger Bi, China Golf's Chief Executive Officer and Founder will be one of the keynote speakers at this year's WABC.   Mr. Bi will discuss his experiences as an entrepreneur in China and what the increasing wealth and purchasing power of Asian consumers means for the world's global companies, entrepreneurs and investors.   "We are very excited about this opportunity to speak at one of the most prestigious business forums among many distinguished guests.  We believe our vision and our business is a very relevant validation of the conference topic.  As such, we will be pleased to share our experience with all of the interested people," stated Tiger Bi at the time of this press release.  

Mr. James Hahn, Founder and Managing Partner at JC Asia Alpha Private Equity and one of the key investors in China Golf, will also participate in the WABC on its Private Equity and Venture Capital panel.  Mr. Hahn was pleased about China Golf's anticipated participation in this prestigious conference.  He commented to the WABC organizing committee that it is a great idea for an event "to have an exciting 'live case study' business that exemplifies the growth of the world's largest consumer market managed by the expertise taught at Wharton."

Mr. James Wilson, the Wharton Asia Business Conference Co-Chairperson and part of the 2011 MBA class, commented that, "The Wharton Asia Business Conference is extremely excited to have such a dynamic and growing company from the world's fastest growing consumer market as an important sponsor and its CEO as a keynote speaker.  The WABC team believes this will be the beginning of a long term relationship with China Golf and Mr. Tiger Bi."

About China Golf Group

Founded in 2006, China Golf Group ("China Golf" or the "Company") is a Shanghai headquartered, leading designer and developer of premium golf courses, golf communities and improved land properties sold to developers of private residence villas and/or corporate clubs.   In July 2010 China Golf merged with a Delaware public company and filed with the U.S. Securities and Exchange Commission ("SEC").  China Golf designs, constructs and develops premium golf courses and golf communities in the People's Republic of China ("PRC") through our PRC based operating companies.  We offer a full spectrum of golf course development and management services, including design, engineering, construction, and maintenance of golf courses as well as consulting and management of golf projects. Since the formation of Beijing Shungao in 2006, we have completed over ten golf courses in China.  With our influential strategic partners, we are expanding our business to an invest-design-build-sell model with an objective to become the top golf course management company and the largest golf course chain in China.

For more information on the Company, please visit

http://www.chinagolfgroup.com/

About Strategic Alliance Beijing Capital Group Ltd.

Headquartered in Beijing, China, Beijing Capital Group Ltd. ("Beijing Capital") is a large-scale State-Owned Enterprise (SOE) affiliated to the State-Owned Assets Supervision and Administration Commission of Beijing Municipal Government. Since 1995 Beijing Capital has established three core businesses: urban infrastructure with water supply as the core, urban real estate with urban residential development and construction as the core, and financial services with investment banking and acquisition as the core. Beijing Capital has become an influential comprehensive urban investment and holding company with a well-defined strategy, clear development plan, outstanding reputation and brand recognition both within Beijing and throughout China.  With a group asset value of approximately RMB 75 billion, it owns 142 enterprises; some of them are listed on domestic or foreign stock markets or both.  Through its subsidiary Beijing Capital Land Ltd., a company listed on the Stock Exchange of Hong  Kong (HKEx stock code: 2868),  Beijing Capital is one of the largest Chinese state-owned real estate companies that focuses on urban real estate development and urban infrastructure construction. For more information on Beijing Capital, please visit

http://www.bjcapitalland.com.cn/en_investors.php?class_4.html

About the Wharton Asia Business Conference

The Wharton Asia Business Conference (www.whartonasiabusinessconference.com) is the preeminent business school conference focusing on the Asia Pacific region and the largest student-led of its kind.   It usually has more than 500 attendees with keen interests in Asia, including but not limited to Ivy League Students, business leaders, investors, professionals and academics.  This year marks its 16th year.   Its selected past keynote speakers have included Jeffrey Shafer, Chairman of Global Banking, Citigroup; Silas Chou, President and CEO, Novel Enterprises;  Renato de Guzma, CEO of Bank of Singapore, formerly known as ING Private Bank;  Michael Fung, Chairman of Private Banking, J.P. Morgan Asia;  Masamoto Yashiro, Chairman and CEO, Shinsei Bank, Ltd.; Dr. Irwin Mark Jacobs, Co-Founder, Chairman and CEO Qualcomm Inc.; Sung Bok Wee, Chairman, Chohung Bank; and Zhang Huagang, President, Gemdale Corporation.

About JC Asia Alpha Private Equity

JC Asia Alpha Private Equity (www.AsiaAlpha.com) is a direct investment firm founded in 2002, anchored in Seoul, with offices in Shanghai and New York.   JC Asia Alpha is one of the earliest investors in private Chinese growth companies.  The Fund seeks to invest in a diversified portfolio of small-mid size companies in consumer growth industries led by founding entrepreneurs.  The JC Asia Alpha team includes operating advisors who possess expertise in key verticals including Agriculture, Education, Environment, and Retail.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This press release contains certain statements that may include "forward- looking statements" within the meaning of federal securities laws. All statements, other than statements of historical facts, included herein are "forward-looking statements". Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including the Company's ability to successfully expand its market presence and those discussed in the Company's periodic reports that are filed with and available from the Securities and Exchange Commission. All forward- looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

SOURCE China Golf Group, Inc.