Grand Opening of Jiahua Stores' (HKG:0602) Qianjin Store in Baoan Shenzhen - Number of Retail Stores Reaches 17

Hong Kong, June 2, 2009 AEST (ABN Newswire) - Jiahua Stores Holdings Limited ("Jiahua Stores" or "the Group") (HKG:0602) announced the grand opening of its new Qianjin Store in Baoan District, Shenzhen. The opening has increased the Group's stores number to 17, indicating a further expansion of its sales network.

The newly opened Qianjin Store has total gross floor area of approximately 4,216 square meters, situated at Qianjin Road, Xinan Jiadao in Baoan District, which is a major transportation link in Baoan District and a core hub for different public transportation routes. The new store principally runs the supermarket section and sells variety of foods and household products, caters the consumption habit of residents in Baoan District by providing "one-stop" consumption service. The inauguration of Qianjin Store has further expanded Jiahua Stores' market share in the retail market in Shenzhen, strengthened the Group's leading position in the industry.

Mr. Zhuang Lu Kun, Chairman of Jiahua Stores Holdings Limited said, "Since our establishment, Jiahua Stores has been growing steady in the Shenzhen retail market, reflecting the growth potential of our business brought by our successful operation model. There are 13 shops being operated in Shenzhen in which 10 of them are located in Baoan District. In order to further explore the potential market, our retail network has already reached Guangdong and Guangxi Province, extending our retail foothold in a stable manner."

Regarding the Group's future development, Mr. Zhuang concluded, "In order to cater the Group's business development and improve the effectiveness of our procurement procedure, the Group planned to set up a procurement centre in Shenzhen, with an aim to ensure the product quality as well as lower the operation cost. In the future, we will strive to expand our network in a pragmatic yet aggressive approach. We believe that such initiatives will help Jiahua Stores to grasp the right opportunities and deliver the better returns for our investors."

Contact

Porda International (Finance) PR Group Keely Chan Tel: +852-3150-6760 Email: keely.chan@pordafinance.com.hk Kelly Fung Tel: +852-3150-6763 Email: kelly.fung@pordafinance.com.hk Fiona Ko Tel: +852-3150-6750 Email: fiona.ko@pordafinance.com.hk