Gib Cap Group Inc (GIBX)

[buckets]

Press Release
Source: XINHUA CHINA LTD.

XINHUA CHINA LTD.'s Amends Charter To Reduce Shares
On Thursday June 4, 2009, 9:00 am EDT

BEIJING, June 4/PRNewswire-Asia/ -- XINHUA CHINA LTD. (OTC Bulletin Board: XHUA - News)
announced today that they have amended their Articles of Incorporation to reduce the
number of common shares through a combined effort in the reduction in Authorized Shares
(A/S) and Outstanding Shares (O/S). Based on the latest filing, the company was
authorized to issue 500,000,000 shares of common stock and had a total of 380,318,566
shares issued and outstanding.

Subsequent to that filing, that number has been reduced by 20% to 400,000,000 shares. We
are pleased with the progress we have made in pursuance of the auto parts market and have
achieved capital infusion that will not result in the further dilution of our common
stock.


This reduction in the number of authorized shares does not affect outstanding shares
currently in the public float and it is not a reverse split. Existing shareholders will
possess the same number of shares after the reduction as before. This amendment was
unanimously adopted by the Board of Directors pursuant to Nevada Law and filed with the
Nevada Secretary of State.

This reduction of authorized and outstanding shares was done to ensure our shareholders
that we are extremely prudent with our issuance of stock. There are no plans to issue
500,000,000 shares of common stock and thus no reason to have it in our treasury. It is
our plan to repurchase existing common stock and subsequently decrease the total number
of outstanding shares. The repurchase plan will take place throughout the remainder of
2009 with the goal of achieving 150,000,000 shares by EOY. The progress outlining our
entry into the auto parts market will be delineated in a subsequent news release.



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