Yuxinlong International Ltd.
Yuxinlong International Ltd.: YUXINLONG MOVES TO EXPAND PRESENCE IN CAO FEI LAKE PROJECT
Yuxinlong International Ltd. / Key word(s): Market Report/Miscellaneous 02.04.2012 / 14:00 --------------------------------------------------------------------- Press Release YUXINLONG MOVES TO EXPAND PRESENCE IN CAO FEI LAKE PROJECT MISSISSAUGA, ON 02.04.2012 - Yuxinlong International Limited, ('YLØ') (Börse Frankfurt YLØ) announced today that talks between CYTS and YLØ, to develop the 380.6 acres adjacent to the YLØ Caofei Lake Island project, have intensified since CYTS announced the joint venture with YLØ. The development of the site calls for construction of a factory outlet style shopping mall, a 500 room resort hotel, and a luxury condominium apartment complex. The construction cost will exceed US$1 billion. The first phase, the construction of the 500 room hotel, will start in July, 2012. YLØ has been designated as the contractor for the entire project. 'We are extremely excited about the new opportunities resulting from our joint venture with CYTS Group' commented Mr. Ying Chun Wang, the CEO of Yuxinlong International Limited. 'CYTS is the largest state owned travel and resort developer in China. It is our honor to have CYTS as our associate and, with the assistance of CYTS, we will transform Yuxinlong into the leading construction company in China' he added. About Yuxinlong International Limited Yuxinlong International Limited was founded in 2007. The Company acts as the holding company for the largest real estate developer in the Tanghai district in China. Due to the construction of the world's largest harbour, the district is regarded as China's upcoming economic development area. The 79 person management team currently oversees 2.000 skilled workers in its construction and development projects. The Company is listed at the Open Market segment of the Frankfurt Stock Exchange (ISIN CA98871V1013 / Ticker YLØ). In 2011, the Company reached sales of approximately US$73 million. Disclaimer This publication is not an offer of any securities for sale or a solicitation of an offer to purchase any securities. Subject to approval by the German Financial Service Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht), a prospectus will be published, which will be available free of charge from Yuxinlong International Limited and the syndicate bank. The shares will be offered exclusively on the basis of the prospectus required to be approved by the German Financial Service Supervisory Authority. This document is not an offer of securities for sale or a solicitation of an offer to purchase securities in Canada or in the United States. The shares of Yuxinlong International Limited (the 'Shares') have not been registered with any Securities Regulatory Body in any Canadian Province, have not registered an offer to sell securities under the U.S. Securities Act of 1933, as amended (the 'Securities Act') and may not be offered or sold in the United States unless registered under the Securities Act or pursuant to an exemption from such registration. There will be no public offering of the Shares in the United States or Canada and the Shares will not be registered under the Securities Act of either country. This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the 'Order') or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as 'relevant persons'). The Shares are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. This communication contains forward-looking statements Forward-looking statements are statements that are not historical facts instead they reflect the current views and expectations of Yuxinlong International Limited and the assumptions underlying them about future events. Forward-looking statements are subject to many risks and uncertainties. If any of such risks and uncertainties materialize or if the assumptions underlying any of the forward-looking statements of Yuxinlong International Limited are proving to be incorrect, the actual results of Yuxinlong International Limited may be materially different from those expressed or implied by such forward-looking statements. Yuxinlong International Limited does not intend or assume any obligation to update these forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made. End of Corporate News --------------------------------------------------------------------- 02.04.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 163573 02.04.2012
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