Jiangxi Taina Nanfeng Orange Co. Ltd. Acquired Huangjia Nanfeng Tangerine Orange Co. Ltd. to Expand in the Market

Jiangxi Taina Nanfeng Orange Co. Ltd. Acquired Huangjia Nanfeng Tangerine Orange Co. Ltd. to Expand in the Market

February 23, 2007

    NANFENG, China, Feb. 23 /Xinhua-PRNewswire-FirstCall/
-- Jiangxi Taina Nanfeng Orange Co. Ltd. (OTC Bulletin
Board: CHFR) ("CHFR") (website address:
http://www.china-fruits.com.cn ), a Chinese company engaged
in the planting and marketing of oranges and orange related
products, announced that it has entered into an agreement
with Huangjia Nanfeng Tangerine Orange Co. Ltd.
("Huangjia Nanfeng") to acquire the assets and
businesses of Huangjia Nanfeng in order to help realize its
goal of rapid expansion in the orange market.

    In 2007, CHFR will acquire the assets and businesses of
the Huangjia Nanfeng, including over 360,000 acres of
orchards, 240,000 acres of land with a reservoir, a
manufacturing plant situated on over 20,000 acres, as well
as the distribution network of the Huangjia Nanfeng.  After
the merger has closed, CHFR will own all of Huangjia
Nanfeng's plants, orchards, and fruit wine and drink
production lines.  The acquisition of Huangjia Nanfeng is a
stepping stone for CHFR to realize its product
diversification objectives. 

    Mr. CHEN Quanlong, Chairman of the Board of CHFR
pointed out, "After CHFR acquires the assets and
businesses of Huangjia Nanfeng Tangerine Orange Co. Ltd.,
the benefits we gain, such as its marketing resources, will
further strengthen our position in this industry and expand
our market share.  Moreover, Huangjia Nanfeng's production
lines and advanced technology will allow us to develop new
products more rapidly while meeting our product
diversification goals."

    Huangjia Nanfeng Tangerine Orange Co. Ltd. was
established on February 26, 1999 with registered capital of
RMB30 million (or USD$3.75 million) and is located in
Nanfeng, China, in the Jiangxi province. The company is
mainly involved in growing and marketing Nanfeng tangerine
oranges; production and sales of fruit wine and
non-alcoholic beverages; R&D in fruit biotech and
deep-processing, event organization, management and
consulting for fruit branding.  The company currently has
total assets of over RMB100 million (of USD$12.5 million),
realized sales income of RMB60 million (or USD$7.5
million), and net profit of RMB5 million (or USD$625
thousand).

    About Jiangxi Taina Nanfeng Orange Co. Ltd.
    China Fruits Corporation, through its wholly-owned
subsidiary in China, Jiangxi Taina Nanfeng Orange Co. Ltd.
(formerly Jiangxi Taina Fruits Co., Ltd.), is engaged in
the planting and marketing of Nanfeng tangerines; the
production and sales of fruit wine and nonalcoholic
beverages; and R&D in fruit biotech and
deep-processing, event organization, management and
consulting for fruit branding. 

    The company is located in Nanfeng county, Jiangxi
province, an area considered by many to be the orange
capital of China.  China Fruits Corporation has registered
capital of RMB2 million (or USD$250,000).  The company is a
good model for industrialized development of Chinese
mandarin oranges.  They have adopted traditional planting
methods in combination with modern nascent technologies to
build biological orchards, plant green and organic
tangerine oranges, achieve fresh storage by means of
hi-tech air-conditioned storehouses, employ hi-tech
biological engineering for deep processing (of fruit wine
and beverage), biologically abstract orange oil and
essence, and to produce biological fertilizer out of orange
residues for recycled use in orchards.  They have created an
entire chain of industries from their R&D,
cross-breeding, preservation, and preserved sales
processing. The company is considered by some to be one of
the nation's leading enterprises for industrialized
agriculture.

    CHFR has developed a human-based and system-oriented
business plan.  They endeavor to create national brand
recognition in China over the short-term and international
brand recognition in the future.  CHFR makes it a priority
to maximize corporate profits and to bring ideal returns to
their investors.
 
    Forward-looking Statements
    This report contains 'forward-looking' statements
within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended.  All statements other
than statements of historical facts included in this report
are forward-looking statements.  Forward-looking statements
involve risks and uncertainties including, but not limited
to, economic and political factors; developments of the
Chinese, European and North American markets and changes in
regulatory matters; our business strategies and future plans
of operations; the market acceptance and amount of sales of
our products and services; our historical losses; the
competitive environment within the industries in which we
compete; and our ability to raise additional capital,
currently needed for expansion.

    The Company cautions that forward-looking statements
are subject to certain risks and uncertainties that could
cause actual results to differ materially from those
indicated in the forward-looking statements due to several
important factors.
 
    For more information, please contact:
 
     Ms. Zou Fen
     The Jiangxi Taina Nanfeng Orange Co. Ltd.
     Tel:   [phone]
     Email: [e-mail]


SOURCE  Jiangxi Taina Nanfeng Orange Co. Ltd.