Investee Company Update

RNS Number:1512H
London Asia Chinese Private Equity
07 November 2007


7 November 2007


                London Asia Chinese Private Equity Fund Limited
                            ("LACPEF" or "the fund")


           Investee Company Update: China Solar and United Envirotech


LACPEF, the AIM traded, China focused investment fund, is pleased to announce
updates from investee companies China Solar Energy Co., Ltd ("China Solar" or 
"the Company") and United Envirotech Ltd.

China Solar has won a major new order with Jiangsu Polytechnic University ("the
University") to construct a 6,000 m2 tropical swimming pool complex ("the
Project").

China Solar is investing #1.6 million and the University is providing 8,000 m2
of land to the Project.  Under the agreement, China Solar will have exclusive
management of the swimming pool complex for twenty years, after which the
University has agreed to buy it back for #0.8 million. The swimming pool will be
utilised throughout the year as a training facility for a number of universities
and institutes in the area, as well as an entertainment and leisure complex for
local residents.

Construction of the Project will use China Solar's patented solar integrated
technology, which the Company estimates reduces the amount of energy needed for
heating and cooling the building and water in such leisure complexes by up to
80%, when compared to similar sites using conventional technology.  The Company
has already successfully developed a sea themed leisure complex at the famous
Crab Island resort in Beijing, as well as an 8,000 m(2) demonstration building
for the 2008 Beijing Olympics.

Mr Li, Chairman of China Solar, said: "This is the second swimming pool deal we
have concluded, having earlier signed a similar agreement with Lanzhou
Northwestern Normal University for the construction of a solar energy swimming
pool, over which the Company has the exclusive right of management for thirty
years. The Company is planning to construct between five and eight solar energy
tropical swimming pools in China by 2008, as part of its strategy of generating
long term cash flows from ownership of assets using its technology."

Simon Littlewood, director of the Fund, said: "The Company is seeking to raise
significant levels of new funding to finance its growing order book of projects,
which should generate long term rising cash flows, as well as to take forward
its sustainable buildings division."

Singapore Main Board listed investee company United Envirotech Ltd, which
specialises in water treatment and supply, announced results for the six month
period to 30 September 2007.  Revenue increased by an impressive 89.6% to #5.56
million compared to the same period in 2006, with profit before tax increasing
to #2.7 million, compared with a loss in 2006.


For more information visit www.londonasiafunds.com, or contact:

Simon Littlewood      John West/Andrew Dunn           Hugh Field
LACPE Fund            Tavistock Communications        Collins Stewart Europe Ltd
[phone]        020 7920 3150                   020 7523 8000


About China Solar Energy

China Solar's core business is the design and manufacture of solar energy
buildings in China, based on its patented solar thermal technology. The Company
designs and constructs large scale municipal, commercial, academic and leisure
buildings on a Build Operate Transfer (BOT) basis, incorporating its own
patented solar thermal technology. Its key customers include the Chinese
Government, real estate developers and resort owners.

The Company has also developed an efficient, solar thermal heated and cooled
house, designed to meet the requirements of the Chinese Governments' program for
providing affordable, energy efficient housing to the rural population, which
makes up over 600 million of China's population.


About United Envirotech Ltd ("UE")

Singapore Main Board listed UE, specialising in water treatment and reclamation
using advanced membrane technology, provides environmental engineering solutions
to a wide range of customers in the chemical, petrochemical, pharmaceutical, and
wastewater treatment industries. The Group's track record includes building what
it believes to be the largest industrial "Newater" plant in China that uses its
Continuous Membrane Filtration ("CMF") and Reverse Osmosis ("RO") technology, as
well as what it believes to be one of the largest industrial wastewater
treatment plants in Asia, in terms of treatment capacity, using its Membrane
Bioreactor ("MBR") technology.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

MSCOKAKNOBDDPDK