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DRGN News! Acquires China Hotel Business! .60 600k Float!

CN Dragon Corporation Acquires China Hotel Business
Hong Kong--(May 21, 2010)--CN Dragon Corporation (OTCBB: DRGN) is pleased to announce the acquisition of CNDC Corporation (“CNDC”), a hotel management, development and consulting company. From its inception in 2008, CNDC has been engaged in providing tailor-made consulting and management services to hotel investors and owners across China. CNDC’s services have focused on covering every aspect of hotel development from the initial planning stages of a project to enhancing the management of an operating hotel. CNDC has specialized in helping a number of clients in redeveloping unused idle buildings into fully operating hotel assets.

As of 2010, CNDC is expanding and predominately focusing its business on the development of luxury hotels & resorts in China’s tourism based second-tier cities. CNDC’s is actively seeking to procure hotel investment opportunities, utilizing its established network throughout China. CNDC plans to develop and operate hotels & resorts in the luxury segment, offering upscale accommodation and hospitality services to savvy business and leisure travelers. According to management of CN Dragon Corporation, the company has taken steps to spin-off its other wholly-owned subsidiaries and intends to carry on CNDC as its sole line business. The acquisition enables the company to implement its new business direction in engaging in the development, ownership and operation of hotels and resorts in China; as announced in a Current Report on Form 8-K dated December 2, 2009. For further information, please refer to the Form 8-K filing by CN Dragon Corporation disclosing the details of acquisition, dated May 21, 2010.

About CN Dragon Corporation
CN Dragon Corporation is engaged in the development, ownership and management of hotels and resorts in China. Anticipating the fast and continuous growth of the Chinese economy and increased spending power of its consumers, the company’s strategy is to develop hotel businesses across China’s holiday destinations that are experiencing a sustained period of growth in their respective property and tourism sectors. To find out more, please visit www.cndragon.com

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