Xinyinhai Technology Ltd. Appointed Exclusive Financial Instrument Printing Provider by Jilin Province Rural Credit Union

Xinyinhai Technology Ltd. Appointed Exclusive Financial Instrument Printing Provider by Jilin Province Rural Credit Union

January 16, 2007

The Deal is Expected to Contribute 5% Annual Growth to the
Revenue of Xinyinhai Technology Ltd.


    HARBIN, China, Jan. 16 /Xinhua-PRNewswire/ -- Xinyinhai
Technology Ltd. (OTC Bulletin Board: XNYH) (the
"XNYH"), the Chinese printing enterprise that
specializes in financial instrument printing, announced
that it has entered into an agreement with Jilin Province
Rural Credit Union (the "Union"), the giant
financial institution in Jilin province, to act as the sole
financial instrument printing services provider to the
Union.

    Pursuant to the agreement between XNYH and Jilin
Province Rural Credit Union, XNYH was appointed as the sole
printing company for Jilin Province Rural Credit Union,
responsible for producing passbooks, deposit receipts,
checkbooks, settlement forms, loan application forms, new
DCP vouchers and other bank printings, etc. for all members
of Jilin Province Rural Credit Union. 

    Jilin Province Rural Credit Union is a financial
institution incorporated under the corporate law of the
People's Republic of China and is governed by the
regulations of China Banking Regulatory Commission.  The
headquarters of Jilin Province Rural Credit Union are
located in Chuangchun City, Jilin province.  The Union was
formed through a merging of Rural Credit Cooperatives in
Changchun City, Jilin City, Siping City, and Yanbian Zhou
city, and 51 other county Rural Credit Cooperatives.  The
total saving of the Union reached RMB40.5 billion (or USD5
billion), the total loans of the Union increased to RMB26.3
billion (or USD3.3 billion) by the end of 2005.  Jilin
province lies in the middle of Northeast China, covering an
area of 187,400 square kilometers, which accounts for 1.95%
of the whole country.  In 2004, the population of Jilin
Province was 27,085,000 and GDP reached USD36.98 billion,
accounting for 2.08% and 1.81% of the whole country,
respectively.

    Ms. Tian Ling, President of XNYH, commented that,
"Being a leading enterprise in the financial
instrument printing industry, XNYH enjoys the reputation of
providing low cost and high quality services to customers
across the country.  The cooperation between XNYH and Jilin
Province Rural Credit Union will be pleasant and mutually
beneficial, which will lay a solid ground for XNYH's future
development.  The cooperation will increase the revenue of
the company by 5% by the end of 2006."  In addition,
the company is negotiating with Hebei Province Rural Credit
Union in an attempt to become the sole appointed commercial
instrument-printing provider, providing printing services
for all Rural Credit Cooperatives in Hebei province.  If
successful, the deal will further boost XNYH's revenue in
the years to come.  

    About Xinyinhai Technology Ltd.

    Founded in 1998, Xinyinhai Technology Ltd. has
developed into a leading participant in the People's
Republic of China's note printing industry.  XNYH is one of
only fifteen companies to which the PRC government has
issued the Special Industry Operating Permit and the
Government Securities and Documents Duplicating Permit,
which are the licenses required in order to be engaged in
printing bank vouchers in the PRC.  The breadth of the
company's business ranges from printing bank vouchers and
documents, and it has build numerous exclusive
relationships with China's largest financial institutions
and government agencies including Bank of China, China
Commercial Bank, the State Taxation Bureau, etc.  Moreover,
it uses outsourced vendors for large scale binding services.
 In order to assure a product that is the utmost in quality,
the company has passed many rigorous guidelines in order to
be certified with relevant quality, health and security
management systems.  Currently, the company is home to the
most sophisticated production line with the brand name
"Kuechler", laying a solid foundation for the
company's rapid development.

    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 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:

     Mr. Lao, Cheng Xu
     Xinyinhai Technology, Ltd
     Tel:   [phone]
     Email: [e-mail]


SOURCE  Xinyinhai Technology, Ltd