Statement re Cancellation of Admission to AIM (7369U)

TIDMCEVO

RNS Number : 7369U

China Evoline PLC

21 October 2010

China Evoline PLC

("China Evoline" or "the Company")

21 October 2010

Cancellation of Admission to Trading on AIM

As detailed in the Company's interim results announced on 15 February 2010, under the AIM Rules for Companies (the "AIM Rules") the Company was required to make a substantial acquisition (which would be regarded as a reverse takeover) by 21 April 2010, being twelve months from the date of the 2009 AGM, or trading in the Company's Ordinary Shares would be suspended. If no transaction was achieved by the Company within a further six months, being by 21 October 2010, the London Stock Exchange will cancel admission of the Company's Ordinary Shares on AIM.

Whilst the Directors pursued and evaluated a number of potential investment opportunities, none have been suitable to be put to shareholders for approval. Therefore, pursuant to the AIM Rules, admission of the Company's Ordinary Shares to trading on AIM will be cancelled with effect from 7.00am on Friday 22 October 2010.

Following the cancellation of admission to trading on AIM, it is the Directors' intention to seek a Voluntary Winding Up of the Company as soon as possible. However, it is anticipated that any funds remaining for distribution to shareholders on completion of the Winding Up will be negligible.

Contact details:

China Evoline plc

Frank Lewis, Chairman

[phone]

Fairfax I.S. PLC

Nominated Adviser and Broker

Ewan Leggat/Laura Littley

[phone]

This information is provided by RNS

The company news service from the London Stock Exchange

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