China Shoe Holdings Inc.
China Shoe Holdings Inc.

China Shoe Holdings Inc. / Acquisition

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
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China Shoe Holdings, Inc.

New York, July 6, 2007-China Shoe Holdings, Inc. (OTCBB: CHSH.OB) today
announced that the Company acquired all of the outstanding stock of Wholly
Success Technology Group Limited, a British Virgin Islands Corporation
('WSTG').  WSTG is the owner of all of the outstanding shares of Shanghai
Kanghong Yunheng Enterprise Development Company Ltd., a corporation
organized under the laws of the People’s Republic of China and is a
manufacturer of women’s shoes, casual shoes and shoe components, for the
Japanese and Chinese markets.  The WSTG’s footwear is generally sold under
its customer’s brand names.  WSTG recently began developing its own brands
for retail sale in China and may enter into the retail shoe business in
China.

Under the terms of the Agreement, the Company’s officers and directors
resigned and Gu Xianzhong and Kon Ki Lo were appointed to the Company’s
Board of Directors and Gu Xianzhong was appointed as CEO of the Company.

For the period ended March 31, 2007, WSTG had revenue of $1,173,975 and
gross profit of $371,035.

For the calendar year 2006 WSTG had revenue of $4,465,755 and gross profit
of $995,001.

Safe Harbor Statement

This release may contain forward-looking statements.  These forward-looking
statements are neither promises nor guarantees, but involve risks and
uncertainties that may cause actual results to differ materially from those
in the forward-looking statements.  Readers should not place undue reliance
on any such forward-looking statements that are based solely on information
known as of the date of this release.  China Shoe Holdings, Inc. disclaims
any obligation to update or revise any such statements to reflect any
change in expectations or in events, conditions or circumstances on which
any such statements may be based or that may affect the likelihood that
actual results will differ from those contained in the forward-looking
statement.

Contact:
CONTACT:    Samuel Lo, +852-90588799, samuel_lo@126.com; or
Investors Relations, Don Visco of D. Visco Incorporated, +1-561-213-4469,
viscoidon7@yahoo.com, both for China Shoe Holdings, Inc.
DGAP 17.07.2007 
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