EXCEED WARRANTS (EDSWW)

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http://www.ir.xdlong.cn/phoenix.zhtml?c=217204&p=irol-newsArticle&ID=1453509&highlight=
Exceed Company Ltd. Announces Results for Its Program for Early Cashless Exercise of Warrants Through Ordinary Share Exchange

BEIJING--(Marketwire - 03/02/10) - Exceed Company Ltd. ("Exceed" or the "Company") (NASDAQ:EDS - News) announced today the final results of its program for early cashless exercise of warrants through ordinary share exchange, which offered the holders of all 10,890,000 outstanding warrants (the "Warrants"), including Warrants held as part of the Company's units, the opportunity, for a limited time, to acquire ordinary shares of the Company (the "Ordinary Shares") by exchanging the Warrants for Ordinary Shares. The offer expired on Friday, February 26, 2010 at 5:00 p.m., EST.

Based on the final count by the depositary for the tender offer, a total of 32,550 Warrants (approximately 0.3% of the outstanding Warrants) were exchanged for a total of 8,223 Ordinary Shares. Following completion of the offer, Exceed has 10,145,080 Warrants outstanding, each exercisable for 1 Ordinary Share.

Upon termination of the offer, all of the original terms of the Warrants were reinstituted, and the Warrants will expire on November 8, 2011. This expiration could be accelerated by redemption as outlined in the filings made by Exceed and its predecessor 2020 ChinaCap Acquirco, Inc. ("2020") with the SEC related to the original issuance of the Warrants.

???Will this make the warrants worthless???