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China Holdings Announces Development on TaiHu and Ongniute Biomass Power Plants/Projects
Date:5/21/2008

- Completion: Fuel Analysis and Feasibility Study

- Total Power Capacity: 100MW = 4 X 25MW

- Agriculture Waste to Energy

BEIJING and LAS VEGAS, May 21 /Xinhua-PRNewswire-FirstCall/ -- China Holdings, Inc. (OTC Bulletin Board: CHHL), a global diversified asset holdings company, and its subsidiaries that engage in multiple China-focused business activities including energy, renewable energy, resources, utilities, finance, real estate, and pharmaceuticals, today announced the development on TaiHu and Ongniute Biomass Power Plants/projects as follows:

China Holdings and its wholly owned subsidiary: China Power, Inc. (''the Company'') have completed:
-- The fuel analysis for its TaiHu Biomass Power Plant/Project (50MW)

-- The fuel analysis for its Ongniute Biomass Power Plant/Project (50MW)

-- The feasibility study for its TaiHu Biomass Power Plant/Project (50MW)

The Company also confirms that its projects, operations and development were not adversely affected by the recent earthquake in Sichuan province of China. The Company has deep sympathy for those affected by this recent tragic event in China. We pray for those people who have died as a result of this tragic occurrence. We do our best to assist those who are impacted by such destructive forces.

Summary of Feasibility Study - TAIHU BIOMASS POWER PLANT

The Company's TaiHu biomass waste to energy power plant/project (2x25=50MW), located in Anhui Province, PR China, uses biomass waste from agriculture and forestry, like rice straw, bush and quitch as fuels for electricity power generation. To implement the China national renewable energy policy, using biomass waste to produce power generation, making rational use of agricultural waste and forestry waste resources, and developing local rich biomass energy, environmental protection and the promotion of local economic development, the Company took a wide
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SOURCE China Holdings, Inc.
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