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China Finance, Inc. Announces that Its CEO has Purchased Shares in the Company

2008-10-27 12:13 756

NEW YORK and SHENZHEN, China, Oct. 27 /Xinhua-PRNewswire/ -- China Finance, Inc. (OTC Bulletin Board: CHFI) (the "Company"), a provider of financial support and services for China's large and rapidly expanding class of small and medium enterprises ("SMEs"), announced today that Ms. Ann

(Guo-Qiong) Yu, Chief Executive Officer of the Company, has purchased 300,000 shares of the Company's common stock, which is 0.5% of the Company's current issued and outstanding shares of common stock, for $1,488,000 on October 23, 2008.

Ms. Yu stated, "My decision to now become a shareholder of the Company was a personal strategic investment decision, and my purchase does not reflect any position of the Company. Obviously, I believe personally in China Finance and its prospects for successful operations, which I think will enhance my investment."

ABOUT CHINA FINANCE, INC.

China Finance, Inc. provides financial support and services -- primarily in the form of surety guarantees, loan guarantees, or short-term loans -- to privately owned SMEs when they seek access to capital or to be acquired by a United States reporting company. China Finance provides these services through its wholly-owned indirect subsidiary, Shenzhen Hua Yin Guaranty and Investment Limited Liability Corporation, which is located in the financial district of Shenzhen, China. The Company also directly invests in the equity of SMEs through its wholly-owned subsidiary, Value Global International Limited, a British Virgin Islands company.

FORWARD-LOOKING STATEMENTS: The foregoing contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements relating to expected operating results and future performance, as well as future events and developments, are forward-looking statements and are not historical in nature. Generally, the words "looking forward", "believe", "expect", "intend", "estimate", "anticipate", "likely", "project", "may", "will" and similar expressions identify forward-looking statements. The Company warns that any forward-looking statements in this release involve numerous risks and uncertainties and assumptions that may cause actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by any forward-looking statement. These risks and uncertainties include, but are not limited to, the risk that the value of our portfolio securities will decline resulting in a decline in the value of the Company's stock, we might not achieve our anticipated development milestones, the market for our services will not grow as expected and we might not achieve our expectations. If these or other significant risks and uncertainties occur, or if our underlying assumptions prove inaccurate, our actual results could differ materially. While the Company is an operating company, the Company is registered as a "closed-end" investment company under the Investment Company Act of 1940, as amended, and is subject to the types of investment risks that effect investment companies. You are urged to consider the operating and investment objectives and strategies, expenses and history of the Company, along with all risks and uncertainties noted above, and to review the risk factors and financial information about the Company available in the Company's registration statement on Form N-2, and the Company's Annual and Semi-Annual Reports and other regulatory filings accessible on the SEC's website at http://www.sec.gov . In light of the uncertainty inherent in forward-looking statements, you should not consider their inclusion to be a representation that such forward-looking matters will be achieved. Moreover, pursuant to the Private Securities Litigation Reform Act of 1995, such statements speak only as of the date they were made, and the company undertakes no obligation to update publicly any forward-looking statements, whether as a result of future events, new information or otherwise. Past performance is no guarantee of future results, and like all investments, you may lose money on an investment in the Company's stock.

Source: China Finance, Inc.
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