China BioPharma Corp (fka CHBO)

[clearcoated]

Vision Opportunity China Fund Limited ("VOC") announces the
completion of its first investment since listing on the AIM market.

http://www.digitallook.com/news/rns/1817141-856748/VOC-Initial_Investment.html



Vision Opportunity China Fund Ltd
20 December 2007


NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE IN THE UNITED STATES, CANADA,
AUSTRALIA, REPUBLIC OF SOUTH AFRICA OR JAPAN


20 December 2007


Vision Opportunity China Fund Limited


Initial Investment


Vision Opportunity China Fund Limited ("VOC") announces the
completion of its first investment since listing on the AIM market. The Company
has made a $2.56 million investment in Astrata Group, Inc. (OTCBB:ATTG).
Astrata, based in Singapore, designs, develops, manufactures and sells
location-based IT services and solutions for homeland security and commercial
applications, worldwide.


In return for its investment, VOC received the following:


•preferred shares that are convertible into common shares of Astrata at
$0.70 per share;
•warrants to purchase approximately 1.83 million common shares of Astrata
at a purchase price of $1.00 per share and an additional 1.83 million common
shares at $1.50 per share; and
•the right to purchase an additional $2.56 million of preferred shares
over the next 12 months with warrants to purchase approximately 1.83 million
common shares of Astrata at a purchase price of $1.25 per share and warrants
to purchase 1.83 million common shares of Astrata at a purchase price of
$1.75 per share receivable upon making the additional investment.


VOC acted as the lead investor in the $3 million total financing, co-investing
alongside Vision Opportunity Master Fund Ltd, which is chartered and managed
independently from VOC. Astrata is an advanced location-based IT services and
solutions (telematics) business that enables businesses and institutions to
monitor, trace and control the movement and status of machinery, vehicles,
personnel or other assets. It has offices in Asia, the US and Europe.



The co-investment is in accordance with VOC's allocation guidelines and has been
approved by VOC's Investment Committee.


"We have watched Astrata successfully grow its business from a single contract
with the Singapore government to a substantial operation with contracts worth
more than $120 million with several sovereign governments and commercial
institutions. The business has also secured a major supply agreement with
Siemens AG (XETRA:SIE.DE)" stated Adam Benowitz, the portfolio manager of VOC at
Vision Capital Advisors, LLC.


Enquiries to:


Vision Opportunity China Fund Limited
David Benway, Director / Adam Benowitz, Portfolio Manager
www.vocfund.com Tel: [phone]


Fairfax I.S. PLC
Paul Richards/ James King Tel: [phone]


Bankside Consultants Limited
Simon Rothschild/Oliver Winters Tel: [phone]


NOTE TO EDITORS


Vision Opportunity China Fund Limited


Vision Opportunity China Fund Limited ("VOC") is a closed end listed fund traded
on the AIM market of the London Stock Exchange plc (AIM) with current assets
under management of approximately $95 million. VOC primarily invests directly in
listed companies with operations principally within Greater China.

Greater China is a collective term for the territories administered by the
People's Republic of China, those administered by the Republic of China and
Singapore.




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CBPC: http://investorshub.advfn.com/boards/read_msg.asp?message_id=24878609

"the Group will only make an investment in a company in which Vision Opportunity Master Fund
has an existing investment"