Agricultural Bank of China Holds Nationwide Bidding Invitation for 2010

HARBIN, China, Oct. 26 /PRNewswire-Asia-FirstCall/ -- On September 14, 2009, the Agricultural Bank of China (ABC) held a nationwide bidding for the production plan of 2010. After passing strict evaluations, Harbin Golden Sea Technology Printing Co, Ltd., a subsidiary of Xinyinhai Technology (OTC Bulletin Board: XNYH), successfully won the bid.

Harbin Golden Sea has been specialized in the financial printing industry for more than ten years, boasting advanced printing facilities, production technology and enjoying a very good reputation among clients. All of these contributed to this successful bidding of the company. This success will bring a 20% increase in company's sale volume for the coming year.

ABC is one of the four largest state-owned banks in China and has the most service stands in China. Its businesses cover most of the cities in China. ABC also makes great efforts to build a good reputation overseas. To meet that end, it has established branches in SP and HK, and offices in Tokyo, NY and London. All its efforts have proven worthy and it is listed in the Fortune 500.

Since its establishment, Harbin Golden Sea has been shaping a trustworthy image by providing quality products. It has maintained very good cooperative relations with largest financial agents in China, including ABC. Harbin Golden Sea has won the bid and will enjoy an increase in both sales volume and market share.

Xinyinhai Technology Ltd. owns 90% shares of Harbin Golden Sea. Obviously,

Harbin Golden Sea plays a significant role in the development of Xinyinhai. Ms Tian Ling, the chairwoman of the board and CEO of Xinyinhai Technology, said, "Congratulations to the big success. We owe this success to the continuous great efforts of the staff. This also proves our strength. The recent financial crisis has hit our businesses in 2009; however, the world economy is gradually recovering. We are full of confidence in the future of our company. This success is just a beginning for the year 2010. I also want to show my deep appreciation to all the shareholders, for their trust and support when the company was confronted with troubles. I am also confident that Xinyinhai will bring more benefits to our shareholders. Thank you."

SOURCE Xinyinhai Technology Ltd.