C Y Foundation (HKG:1182) Launches Rohan Website in China

Hong Kong, July 9, 2009 AEST (ABN Newswire) - C Y Foundation Group Limited (HKG:1182; "C Y Foundation") announced the authorized website of 'Rohan' of China (www.rohan.cn) is officially launched. C Y Foundation obtained exclusive distribution rights to distribute and market 'Rohan' in China. Rohan is a massive multiplayer online game ("MMORPG") that has been ranked one of Korea's top 10 multiplayer online games for the past three years.

The acquisition of Rohan for the China market, first announced in December, 2008, marks a major milestone in the development of the Group's digital entertainment business. Mr. Theodore Cheng, Chairman of C Y Foundation, said, "'Rohan' is a without a doubt a tier 1 MMO game from YNK Korea. When it launched in Korea, 'Rohan' immediately became the country's most popular large-scale MMORPG after the Lineage series. The game is also being operated in Japan, Taiwan and the United States with excellent results. We are confident that 'Rohan' will achieve great success in China."

'Rohan' operates on the self-developed game engine "Epoch," which emerged through a three-year development cycle and offers precise and realistic screen presentation. There are specially designed features in the game such as assassination specialists that boost excitement and create a dynamic gaming experience. The Group has rights to operate the game for 3 years.

Commenting on the Group's future prospects, Mr. Cheng continues, "We are confident about the future prospects of China's online game industry. The digital entertainment industry has been growing at a staggering rate in recent years. Currently there are over 40 million players in the online games market with the playing population increasing annually by over 20%. We believe China's online gaming industry has huge potential. The Group will continue to look into new product to enrich our portfolio, striving to bring quality digital entertainment products and services to players in China."