SOURCE: CS China

January 29, 2010 17:04 ET

CS China Enters Into Share Purchase Agreement

HONG KONG--(Marketwire - January 29, 2010) - CS China Acquisition Corp. ("CS China") (OTCBB: CSAQF) (OTCBB: CSACF) (OTCBB: CSAXF) announced today that it has entered into an agreement to purchase 620,753 of the ordinary shares sold in its initial public offering in a privately negotiated transaction for an aggregate purchase price of $3,699,687.88 from one shareholder of record who otherwise intended to vote against the previously announced proposed business combination between CS China and Asia Gaming & Resort Limited ("AGRL") described in its proxy statement dated January 19, 2010. Pursuant to such agreement, the holder has agreed to give CS China's management proxies to vote its shares in favor of the acquisition proposal, which will revoke prior proxies voted against the proposal. Further such agreements may be entered into prior to the extraordinary general meeting of shareholders on similar terms. The closing of such purchases will be effected upon the closing of the business combination and will be paid for with funds that are presently in CS China's trust account.

Forward Looking Statements

The transaction described herein is subject to a number of risks and uncertainties, including, but not limited to, the satisfaction of certain conditions. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding future events and future performance of CS China. These statements are based on management's current expectations or beliefs. Actual results may vary materially from those expressed or implied by the statements herein. This information is qualified in its entirety by cautionary statements and risk factor disclosure contained in certain of CS China's Securities and Exchange Commission filings. For a description of certain factors that could cause actual results to vary from current expectations and forward-looking statements contained in this press release, refer to documents that CS China files from time to time with the Securities and Exchange Commission, including the Report of Foreign Issuer on Form 6-K filed by CS China on January 19, 2010, to which the proxy statement referred to herein is annexed as an exhibit. CS China is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, changes in assumptions or otherwise.

Disclaimer

This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of CS China or AGRL, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

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