China Golf Group, Inc. Signed a Supplementary Agreement with Yuhong District Administration to Develop Puhe Hot Spring Resort

Shenyang is the center city of northeast Asian Economic Circle and Ring Bohai Economic Circle as well as the largest core city and transportation hub in Northeast China. The population of Shenyang is about 7,204,000. The GDP of Shenyang in 2010 is US $ 30.56 billion and the GDP per capita is US $ 9,647 (Source: www.shenyang.gov.cn). This project is in Yuhong district, Shenyang city, Liaoning Province, 40 km away from the airport, 15 km away from the city center, and 166 km away from Yingkou Harbor.

"Introducing international concept to develop Shenyang city is the consistent policy," said Mr. Haibo Chen, the Mayor of Shenyang. "We welcome China Golf to invest in Shenyang and Shenyang government will be supportive to this project in accordance with relevant state regulations."

"Taking full consideration of China Golf's investment intensity and the local situation, under the principle of mutual benefit, we will provide China Golf with more favorable investment conditions," commented by Mr. Maojun Lian, the District Chief of Yuhong.

"Puhe River and hot spring are two attractive selling points of this project, under the support and cooperation of both Shenyang government and Yuhong District Administration, we are confident to complete this project successfully," said Tiger Bi, the CEO of China Golf Group.

About China Golf Group

Founded in 2006, China Golf Group ("China Golf" or the "Company") is a Shanghai headquartered, leading 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 develops premium golf facilities and provides the surrounding value added service for the golf industry in the People's Republic of China ("PRC") through our PRC based operating companies. We offer a full spectrum of golf facilities development and management services, including develop golf course, golf city club and golf communities as well as involve in golf media, management and education. Since the formation in 2006, we have completed over ten golf courses in China. With our influential strategic partners, we are expanding our business to a develop-outsourcing -rollup model with an objective to become the top golf development and management Company and the largest golf club chain in China.

For more information on the Company, please visit http://www.chinagolfgroup.com/

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