China World Trade Center Ltd. (fka CHWT)

[myDDdotcom]

China World Trade Corporation Signs Letter of Intent to Acquire 50% Interest
in United Information Network Holdings Limited; CHWT Plans Growth Through
Acquisition

LOS ANGELES, Feb 5, 2001 (BUSINESS WIRE) -- China World Trade Corporation
(OTCBB:CHWT) today proudly announced that it has executed a Letter of Intent
with United Information Network Holdings Limited ("UINH") to acquire a
fifty-percent (50%) interest in UINH.

The business of UINH is uniquely focused on introducing Chinese suppliers to
overseas buyers on its Internet portal with an aim toward building a trade
bridge between domestic and international businesses by, amongst other things,
operating the Web sites www.uinchina.com and www.uinworld.com as its main
business platform.

UINH reports that it currently has approximately 200 agents facilitating trade
between domestic and international businesses and is currently averaging
approximately US$50,000 in monthly revenue.

John H.W. Hui, chairman and chief executive officer of China World Trade
Corporation stated, "Our anticipated acquisition of UINH represents another
major move toward fulfilling our goal of being the actual nexus of world trade
with China."

Hui added, "We look forward to experiencing a successful and prosperous
relationship with UINH as we become a conglomerate in the China trade agency
business."

China World Trade Corporation is structured to be a dominant player in the trade
agency business linking companies in China with the rest of the world.

Statements made in this news release concerning predictions of performance and
the company's plans and objectives are not historic facts and constitute
forward-looking statements made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Such statements involve
important risks and uncertainties that may cause results to differ materially
from those set forth in this news release. All forward-looking statements are
subject to the successful completion of actions described in the news release.
Readers should carefully review the company and publicly available filings
thoroughly with their registered investment advisor or registered broker.


CONTACT: Pace Communications Network
Sy Mitzner, 800/791-5777
www.china-wtc.com

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Copyright (C) 2001 Business Wire. All rights reserved.

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KEYWORD: CALIFORNIA CHINA INTERNATIONAL ASIA PACIFIC
INDUSTRY KEYWORD: INTERNET
E-COMMERCE
MERGERS/ACQ

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