SOURCE: China Shuangji Cement Ltd.

August 12, 2008 12:29 ET

China Shuangji Cement Completes Take-Over of Zhaoyuan Shuangji Co., Ltd.

ZHAOYUAN CITY, CHINA--(Marketwire - August 12, 2008) - China Shuangji Cement Ltd. (OTCBB: CNSJ) ("China Shuangji" or "the Company") today announces it has completed its take-over of Zhaoyuan Shuangji Co., Ltd. ("Zhaoyuan Shuangji"), domestic People's Republic of China company, on August 11, 2008.

"The take-over gives China Shuangji, through its affiliates and controlled entities, an immediate shareholder value of consolidated revenues of over $50,000,000 USD, after tax net income of $4,150,000 USD, and total assets of $36,870,000 USD," said China Shuangji Chairman and President Mr. Wenji Song. Zhaoyuan Shuangji is a supplier of high-grade cement to the industrial sector in both the People's Republic of China and to international markets. Its processed cement products are primarily purchased by the cement industry for the purpose of making the cement required for the construction of buildings, roads, and other infrastructure projects.

The products are sold in ten countries and have an international reputation for high grade quality cement. Founded in 1971, it now has a total staff of more than 680 people, and is one of the top 500 Building Materials Enterprises in China. Zhaoyuan Shuangji has obtained the status of an AAA credit taxpayer, AA bank credit rating, and a Quality Certificate System ISO9001. It has received the National Environmental Protection Advanced Enterprise and Quality Management Prize awarded by the National Building Materials Bureau. Mr. Song further stated, "I believe that each company has undeveloped endless potential. Looking ahead, our Company faces valuable developmental opportunities, along with many difficulties and challenges.

"We will execute the development strategies already approved, on the basis of the strengthening cement industry, to implement brand name effectiveness, and to expand in both the domestic and international markets. Our focus will be on leveraging the Company's strengths and stepping up business development in order to provide the best products to our customers and to continue to make China Shuangji a large-scale international corporation. The Company is entering a new and exciting development stage of our growth. We will continue to do what is necessary to establish strong corporate governance in order to protect the interests of the Company and all shareholders. With the support of all our shareholders, and the combined efforts of the Board of Directors, management and staff, I firmly believe that China Shuangji is blessed with a very promising future."

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