China Stationery To Offer 33.6 Mil Shares To Malaysian Public

KUALA LUMPUR (Bernama) - Integrated plastic stationery company,
China Stationery Ltd (CSL), which is enroute to a listing on the main board of
Bursa Malaysia (Malaysia's stock exchange)will issue 94 million new shares, of
which 33.6 million will be available to the Malaysian public.

The remaining 60.40 million shares are earmarked for private placement.

As part of the listing exercise, the Fujian-based company will also
make a restricted offer for sale, of a minimum of 47.80 million shares and up to
54.65 million shares by way of private placement.

The recent approval for the listing is a significant milestone for China
Stationery, as it marks its 20th year of establishment in the industry, said its
founder and executive chairman, Chan Fung @ Kwan Wing Yin.

"With this approval, China Stationery will be able to access the
Malaysian capital market to raise funds for its business and future expansion
opportunities.

"We believe a listing on Bursa Malaysia will also raise our
profile as a reputable, integrated plastic stationery company," he added.

CSL is scheduled to be listed on the Main Market of Bursa Malaysia by the
second quarter of 2011.

The listing exercise is being advised by Kenanga Investment Bank Bhd.