AGM Statement

China Private Equity Investment Holdings Limited

("the Company")

Result of AGM

The Company confirms that at its Annual General Meeting held earlier today, all resolutions were duly approved.

For further information, please contact:

China Private Equity Investment Holdings Limited +852 2801 6770

Duncan Chui, CEO / Ernest Wong, CFO

Shore Capital and Corporate Limited (Nominated Adviser) +44 (0)20 7408 4090

Stephane Auton

Tavistock / First City Public Relations

Allan Piper +852 2854 2666

Simon Hudson / Lydia Eades +44 (0)20 7920 3150