SOURCE: Chisen Electric Corporation

April 09, 2010 08:00 ET

Chisen Electric to Be a Sponsor at the 2010 Shanghai Expo; Will Provide Eco-Friendly Battery Powered Signage in Select Areas of Expo Park

ZHEJIANG, CHINA--(Marketwire - April 9, 2010) - Chisen Electric Corporation (OTCBB: CIEC) (the "Company"), a leading lead-acid motive battery producer for the electric bicycle market in the People's Republic of China, announced today that it is very honored to participate as an alternative power source sponsor at the 2010 Shanghai Expo, and to provide an eco-friendly solution to power the road signage at selected Expo Park locations. Among other things, the Company sees the event as an opportunity to showcase Chisen's great progress in developing alternative power solutions that are widely utilized by urban commuters throughout China on a daily basis.

Mr. Xu Kecheng, Chairman of the Board and CEO of the Company, stated, "As a leading provider of eco-friendly, reliable lead-acid motive battery products for non-polluting, electric-powered bicycles, we are very pleased to have been given the great opportunity to be a sponsor of this prestigious event focused this year on improving life in the world's urban environments."

Expo 2010 Shanghai

Expo 2010 Shanghai China will be a great event to explore the full potential of urban life in the 21st century and a significant period in urban evolution. Fifty-five percent of the world population is expected to live in cities by the year 2010. The prospect of future urban life, a subject of global interest, concerns all nations, developed or less developed, and their people. Being the first World Exposition on the theme of city, Exposition 2010 will attract governments and people from across the world, focusing on the theme "Better City, Better Life." For its 184 days, participants will display urban civilization to the full extent, exchange their experiences of urban development, disseminate advanced notions on cities and explore new approaches to human habitat, lifestyle and working conditions in the new century. They will learn how to create an eco-friendly society and maintain the sustainable development of human beings.

The Expo Site covers a total area of 5.28 sq km, including the enclosed area and outside areas of support facilities. The Expo Site spans both sides of the Huangpu River, with 3.93 sq km in Pudong and 1.35 sq km in Puxi.

Description of Chisen Electric Corporation

Chisen Electric Corporation, incorporated in Nevada, USA, and headquartered in Zhejiang Province, the People's Republic of China, is a leading lead-acid motive battery producer for China's personal transportation device market. The Company's battery products are sold under its own brand names and predominantly are used in electric bicycles. Among all types of batteries for electric bicycles, the lead-acid motive battery is the preferred choice for electric bicycle manufacturers in China because of its cost efficiency. Today, the Company manufactures over 14,000,000 batteries each year, has more than 2,000 employees and is one of China's largest manufacturers of lead-acid batteries for electric-powered bicycles (LABEBs). More information about the Company can be found at http://www.chisenpower.com

"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995:

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations or beliefs, including, statements concerning the Company's operations, financial performance and condition. For this purpose, statements that are not statements of historical fact may be deemed to be forward-looking statements. The Company cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety important factors, including, but not limited to, the impact of competitive conditions and effectiveness of marketing; changes in laws and regulations; fluctuations in costs of production, financing and other factors as discussed in the Company's reports filed with the Securities and Exchange Commission from time to time, In addition, the Company disclaims any obligation to update any forward-looking statement to reflect events or circumstances after the date hereof. No securities regulatory authority has either approved or disapproved the contents of this new release. This release is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer or selling security holder and that will contain detailed information about the company and management, as well as financial statements. The Company filings with the US Securities and Exchange Commission, including the annual report for the fiscal year ended March 31, 2009 on Form 10-K, can be viewed on EDGAR Online or www.sec.gov.

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