China YiBai Signs Agreement with Greateast Packaging

DALIAN, Oct. 30 /PRNewswire-Asia-FirstCall/ -- China YiBai United Guarantee International Holding Inc. (Pink Sheets: CBGH)(hereafter referred to as "China YiBai"), has recently signed a listing agreement with the Greateast Packaging Holdings Ltd. (hereafter referred to as "Greateast Packaging") located in Zhejiang Province.  The agreement made between China YiBai, functioning as the sponsor, and Greateast Packaging in relation to list the latter on the Tianjin Equity Exchange would promote the brand name of Greateast Packaging.  China YiBai and Greateast Packaging both believe that the agreement would bring mutual benefits to each party involved.

About Greateast Packaging Holdings Ltd

Greateast Packaging Holdings Ltd. (hereafter referred to as "Greateast Packaging") was established in 1996, with a registered capital of 75 million RMB. Its main business is the production and sales of soft drink plastic bottles and other plastic packaging fabrications and materials.  It is engaged in providing filling beverage bottles and packages for Coca Cola China and Pepsi China.  In the past two years, Greateast Packaging has been shifting its product line to PET packaging for beer, cosmetics, edibles and medicines as well as other daily necessaries.

About China YiBai United Guarantee International Holding Inc.

China YiBai United Guarantee International Holding Inc. (hereafter referred to as "China YiBai") is a financial company specializing in providing financial services for Chinese small business.  IG Finance Inc., together with China Dragon International Investment (HK) Co., Ltd. is the overseas subsidiary of China YiBai.  Dalian YiBai Small & Medium Enterprises Guarantee Co., Ltd. (hereafter referred to as "Dalian YiBai"), is the Chinese subsidiary and main body of operation.  Dalian Yibai is engaged in providing value added services for Chinese small business including equity mortgage guarantee and loan services, Finance Consultant, design of listing and merger plans as well as core competitiveness.  Combing professional services of that of consultancy firms, accounting firms, law firms and securities traders, Dalian YiBai works with investment institutions in providing thoughtful and considerate services to enterprises to fulfil their share capital increasing and second financing needs.  Recently, Dalian YiBai acquired the qualification as sponsor and market-maker from Tianjin Equity Exchange and is now specialized in financial services for non-listing enterprises.  For additional information, please visit http://www.yibaichina.com/ . 

DATASOURCE: China YiBai United Guarantee International Holding Inc.



CONTACT: CHINA YIBAI UNITED GUARANTEE INTERNATIONAL HOLDING INC.,

Investor Relations Department, [phone], or fax, [phone],

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Web Site: http://www.yibaichina.com/ 

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