Shanghai Century Decision to Proceed with Business Combination Extended

  
    
  
  
    
      Shanghai Century Acquisition Corporation (AMEX:SHA) announced today that 
      the time period for Kevin Ma to determine whether to proceed with the 
      acquisition of Asia Leader Investments Limited and its subsidiary, New 
      Goal International Limited, has been extended to 12 p.m. EST on Monday, 
      April 28, 2008 from 2 p.m. EST on April 25, 2008.
    
    
      The proposed acquisition of Asia Leader and its subsidiary New Goal is 
      subject to approval of Shanghai Century’s 
      shareholders at The Annual and Extraordinary Meeting of Shareholders 
      scheduled to be convened on Monday, April 28, 2008 at 10:00 a.m., New 
      York time. The April 28, 2008, meeting will take place at the offices of 
      Loeb & Loeb LLP, 345 Park Avenue, 18th Floor, New York, New York 10154.
    
    
      About Shanghai Century Acquisition Corporation
    
    
      Shanghai Century Acquisition Corporation was formed for the purpose of 
      acquiring, through a share exchange, asset acquisition or other similar 
      business combination, or control through contractual arrangements, an 
      operating business having its primary operations in China. In April 2006 
      the Company raised US$115 million through an initial public offering on 
      the American Stock Exchange. Shanghai Century Acquisition Corporation’s 
      principal offices are in Hong Kong.