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Press Release Source: China 3C Group

China 3C Group Reaffirms Guidance for Strong Financial Results in 2006
Thursday September 28, 8:00 am ET

ZHEJIANG, China, Sept. 28 /PRNewswire-FirstCall/ -- China 3C Group, (OTC Bulletin Board: CHCG - News) the parent company of Zhejiang Yong Xin Digital Technology Co., Ltd. today reaffirmed that the Company expects to report revenue of $135 million and net income of $9.8 million, or $0.20 per share for its fiscal year ending December 31, 2006. For full year fiscal 2005, the Company reported revenues of $32.8 million and net income of $1.6 million, or $0.04 per share

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Mr. Zhenggang Wang, Chief Executive Officer, stated, "By every measure, 2006 has been an extraordinary year for China 3C and we reiterate our guidance for 2006. Based on our performance to date and expected record breaking revenues and earnings for the full year, we believe that our stock is undervalued. We are committed increasing shareholder value and believe that 2007 will be another growth year for the Company."

About China 3C Group

China 3C Group is a leading retail chain operating over 600 independent stores in Eastern China. The Company specializes in selling 3C products (communication products, information technology products, and digital products) in China through its subsidiary Zhejiang Yong Xin Digital Technology Co., Ltd. Among China 3C's primary attributes is its efficient distribution network and rapid logistics system. The Company's goal is to become the number one retailer of 3C products in