The First U.S. Publicly Reporting, Chinese Golf Course and Golf Real Estate Development Company Opens Regional Office in Beijing

USA - English

• USA - English

SHANGHAI, Oct. 12 /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, announced opening of its regional office in Beijing, effective October 8, 2010, to further the Company's strategic development, marketing and sales efforts.

China Golf's Beijing office is at the following address: Suite 1008, Capital Group Plaza, 6 Chaoyangmen Beidajie, Dongcheng District, Beijing, China 100027. This is the same location where the Company's strategic partner Beijing Capital Group Ltd. ("Beijing Capital") resides. China Golf chose this location purposely to work closer with Beijing Capital and enhance the cross-sell efficiency for both companies.

With over ten completed golf course projects in China, such as Liaoning, Shandong, Zhejiang, Guangxi, Hunan, Hubei provinces, among others, China Golf has an objective to design, engineer, build and operate national golf course chains across the country. Establishing a footprint in Beijing has strategic significance for China Golf and is a validation of its unique business model as partnering with reputable state-owned enterprises. "We are very excited about the opening of our regional office in China's capital city, Beijing. With a large number of golfers in the region and a less saturated golf development market compared to Hainan, Shenzhen and Guangdong, we believe Beijing and its adjacent areas have a high growth potential. Furthermore, Beijing is where our strategic partner Beijing Capital is, and the home to many of our other friends and future partners," commented Tiger Bi, the Company's Chief Executive Officer and Founder.

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

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.

    For more information, please contact:

    Company U.S. Contact:
     Betty Yu, CFA
     China Golf Group, Inc.
     Email: [email protected]
            [email protected]

    Company China Contact:
     Tiger Bi
     Chief Executive Officer
     China Golf Group, Inc.
     Phone: +86-21-5876-5017
     Email: [email protected]
     Web:   http://www.chinagolfgroup.com

SOURCE China Golf Group, Inc.