Yangtze Telecom Corp.

Yangtze Telecom Corp.

June 23, 2008 21:13 ET

Yangtze Telecom Announces Changes to Executive

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 23, 2008) - Yangtze Telecom Corp. (TSX VENTURE:SMS) today reported that following discussions with the TSX Venture Exchange, it has reconstituted its audit committee which necessitated changes to its Board of Directors and its Officers, as follows:

Kevin He has resigned as a Director of the Corporation, and Emily Chen has resigned as the President of the Corporation.

Emily Chen has been appointed a Director of the Corporation.

The audit committee of the Corporation comprises Yanmin (Emily) Chen (Chair of the Audit Committee), Sam Chung, and Xiaomeng Zhang.

Management expects resumption in trading of the Corporation's shares through the facilities of the Exchange before the end of this week.

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. NBC operates a wireless digital TV network and offers TV subscription service in Ulaanbaatar. HCVAS 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.

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