Yangtze Telecom Corp.

Yangtze Telecom Corp.

November 27, 2008 15:32 ET

Yangtze Telecom Announces New Director and Interim CFO

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 27, 2008) - Yangtze Telecom Corp. (TSX VENTURE:SMS) is pleased to announce the appointment of Mr. Chunqiu Wu to be the interim CFO and a member of the Board of Directors of the Company, subject to TSX approval. Mr. Wu replaces Sam Chung, who has resigned from the Board of Directors and as the CFO of the Company for personal reasons. Mr. Chung has indicated that he will continue to be available in an advisory capacity to assist with an orderly transfer of duties.

Mr. Wu is currently the CEO of the Company's subsidiary, Hunchun VAS Technology Co. Ltd., and also a director and vice general manager of the China Poly Group based in Hong Kong and China, with business interests in telecommunication, information technology and real estate investments. Mr. Wu started his business career in 1998 as the owner of a garment trading and manufacturing business in Liaoning province, China until he became in 2000 the general manager of Hong Kong Zhicheng International Industry Co., Ltd., an import/export trading business, a position he held until 2003 when he joined China Poly Group.

The Company appreciates the dedication, professionalism and efforts Mr. Chung has contributed since early 2004 and wishes him well in all his future endeavors.

About Yangtze Telecom Corp.

Yangtze Telecom Corp. conducts its business via two operating subsidiaries - NBC Co. Ltd. based in Ulaanbaatar, Mongolia and Hunchun VAS Technology Company Ltd. based in Jilin, China. In NBC, the Company operates a wireless digital TV network and offers TV subscription service in Ulaanbaatar. In HCVAS, the Company licenses technologies in biometric fingerprint car security system and Push-to-talk (PTT) handsets.

For further information on Yangtze Telecom Corp., please visit the Company's web site at www.yangtzetelecom.com.

The TSX Venture Exchange has not reviewed, and does not accept responsibility for the adequacy or accuracy of, the contents of this press release.

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