As of February 1st 2009, China Century Capital had a change in its Board and management team.

The new management team in the Company has put together a new website and also shareholder communications to keep the investors updated on the news and progress of the Company in the past few months.

As a regular update of the company, China Century Capital will be issuing more regular shareholder circulars throughout the months ahead in order to keep shareholders updated on the progress of the Company.

LATEST COMPANY DEVELOPMENT

ASX ANNOUNCEMENT 12TH OCTOBER 2009

China Century Capital Limited signs contract with GAIA INTERNATIONAL INVESTMENT LIMITED

China Century Capital Ltd (CCY) is pleased to announce that on the 12th October 2009, it has signed a contract with GAIA INTERNATIONAL INVESTMENT LIMITED (GII), under which GII has agreed to subscribe for 166,020,000 fully paid ordinary shares in CCY at an issue price of A$0.06 per share, for a total consideration of A$9,961,200.

GII is an investment holding company based in Hong Kong with its investments primarily in China.

The subscription of the shares in CCY will be subject to shareholders’ approval, including for the purpose of item 7 in the table in section 611 of the Corporations Act.

GII has agreed to pay A$5,534,000 in cleared funds by 10 November 2009, with the balance of A$4,427,200 to be paid by 30 November 2009, to be held by CCY in a separate bank account on behalf of both parties pending receipt of shareholders approval. GII may elect to provide all or part of the balance by transferring to CCY negotiable instruments that are acceptable to CCY.

The purpose of the issue is to assist CCY with its current and future investments in the biomedical industry and developing products for sale to the East Asian (primarily Chinese) markets. Funds will also be used to reduce debt and provide working capital.

Completion is to occur within 3 business days of shareholder approval (if obtained). On completion of the subscription, GII will be entitled to appoint a nominee to the board of directors of CCY.

For further information, please contact Peter Kao at This e-mail address is being protected from spam bots, you need JavaScript enabled to view it , or view our website www.chinacenturycapital.com.au

China Century Capital Annual Report available for download.
Click here to download the Annual Report.