CHINA TAISAN ADR LISTING OVERWHELMING INTEREST FROM US INVESTORS

China Taisan Engages US Investors In ADR Roadshow Singapore, 11 February 2010 – SGX Mainboard-listed China Taisan Technology Group Holdings Limited (“China Taisan” or the “Company”), one of the leading producers of knitted performance fabrics used in sports and leisure apparel for renowned international and local brands, recently completed a non-deal road show to promote its upcoming American Depositary Receipt (\"ADR\") issue in New York City, United States of America, from 25-29 January 2010. The Company’s Non-Executive Chairman, Mr Choi Cheung Kong (蔡长江 ), Chief Executive Officer, Mr Lin Wen Chang ( 林文章), and Chief Financial Officer, Mr Patrick Kan, took this opportunity to share the Company’s business fundamentals and growth prospects with US investors. The five-day road show attracted over 20 different hedge funds, private equity investors, research analysts, as well as brokers from several major financial brokerages “The response from US investors has been largely positive. They show a keen interest in public companies that serve as a proxy to China’s domestic consumption in view of the country’s rapid economic growth and increasing disposable income. Such stocks are currently trading at a much higher historical PE than China Taisan. We believe our current valuation is not a good reflection of our strong track record, balance sheet and growth potential. Therefore, we are hopeful that the level 1 ADR issue will help to improve the company’s valuation and liquidity as well as diversify our shareholder base.” As at the date of this announcement, the Company is in the process of finalising the date for its Level 1 ADR issue, which is expected to take between 1-2 months. The level 1 ADR issue is the most basic of sponsored ADRs that can be issued and is traded over-the-counter

UOB Kay Hian report: Better earnings visibility as orderbook continues to improve. The orderbook of China Taisan Technology Group (China Taisan) stood at Rmb185m as at 25 Feb 10, boding well for better full-year earnings prospects. According to the Ministry of Commerce, retail sales jumped 17.2% yoy in the week-long Spring Festival in China, the highest level since statistical reporting was initiated in 2004. China Taisan should benefit greatly from increasing purchases made by domestic consumers with more indicators pointing to a stronger recovery in the domestic economy. More R&D efforts to gain technological leadership. The successful launch of three new products in 2009 has lifted the confidence of China Taisan’s management in its research and development (R&D) efforts. China Taisan has commenced R&D collaborations with Wuhan University of Science and Technology to further strengthen its technological leadership by investing about Rmb20m to develop at least 25 new products over the next five years. Strong potential for an earnings recovery. With the textile sector’s recovery continuing into 2010 in tandem with improving domestic and external economic environments, we expect China Taisan’s net profit to grow by 96.1% and 33.9% in 2010 and 2011, respectively. Valuation. China Taisan is trading at S$0.185 based on 4.0x 2010F PE, a 53.5% discount to Hong Kong- and Singapore-listed peers’ average of 8.6x. We still like the company due to its strong technological leadership and continuous efforts to develop more higher-margin products as well as broaden its product mix. We maintain our target price at S$0.36, or 7.7x 2010F PE, reflecting China Taisan’s strong technological leadership and better potential of an earnings recovery. Reiterate BUY.