Shenzhen, June 17th 2008 – Vestasia Limited announced today that it has hired Glenn I. Henricksen, Jr. as the company’s Chief Financial Officer.  Mr. Henricksen, with over 20 years of experience with leading financial firms around the globe joins Vestasia to assist the company in this period of extraordinary growth.

Glenn I. Henricksen, Jr., as CFO, in addition to the financial and control duties, will be responsible for business development and participate in planning and execution as Vestasia builds out its business platform.  Glenn comes to Vestasia with broad and extensive experience in asset management, risk management, equity and debt investments, derivatives and private placements enhancing Vestasia’s depth in these critical areas.

Mr. Henricksen stated, "I am truly excited to have the opportunity to be involved with Vestasia during this exciting period in Asia and particularly China’s growth.  Vestasia is a business with talented people and I look forward to partnering with these professionals in building a world class financial organization."

"Glenn’s arrival at Vestasia as one of our senior managers will be instrumental in building the business to better serve our clients.  Glenn brings in market tested professionalism and depth that will strengthen our relationship with our clients and expand our market position.” Says Ms. Tingting Wu, President of Vestasia.

Before coming to Vestasia as CFO, he was a consultant with the Hong Kong based CIF Consultants and was the partner in charge of building CIF's Asian business since 2001. CIF specializes in risk management and financial strategy for financial institutions in Asia and Glenn and CIF have been advisors for Vestasia for several years.  

Additionally, Glenn also served as CFO for NASDAQ listed Sino Fibre Communications during its development phase. Previously, Glenn was responsible for developing and building the African Development Bank's fixed rate bond investment business and designed and implemented treasury investment and risk management tools in the company's offices in Abidjan, Ivory Coast, Africa.

He also spent three years with investment dealer Bear Stearns where he was responsible for risk management in Asia during the Asian financial crisis in the late 1990's. Prior to that Mr. Henricksen was a principal with BlackRock Financial Management (1992- 1997), where he was the portfolio manager responsible for the firm's US$10 billion in corporate bond investments. Mr. Henricksen also worked in the investment department of New York Life where he was portfolio manager responsible for a wide variety of investments including asset-backed, high-grade corporates, high-yield, mortgages, CMO's and private placements. He started New York Life's first emerging markets investment unit where he undertook initial sector research, was granted investment authority, hired staff and managed the portfolios.

About Vestasia Limited

Vestasia Limited is an independent financial advisory firm that provides a broad range of services to Chinese clients in relation to mergers, acquisitions, restructuring, corporate finance and strategic matters centered around listing and financing. Through its extensive network throughout China, the Company focuses on providing high-quality advice to and forming partnerships with, senior executive management and boards of directors of small and medium companies in transactions that typically are of the highest strategic and financial importance to those companies.

FINANCIAL DYNAMICS

Press Relations: Elodie MARCHAND, Tel.: +33 1 47 03 68 17: elodie.marchand@fd.com

Investor Relations: Valéry LEPINETTE, Tel.: +33 1 47 03 68 62: valery.lepinette@fd.com                        

Clément BENETREAU, Tel.: +33 1 47 03 68 12: clement.benetreau@fd.com