China Shoe Holdings, Inc. News

China Shoe Provides Updates on Retail Expansion

BEIJING, June 30 Xinhua-PRNewswire — China Shoe Holdings (OTC Bulletin Board: CHSH) today announced updates on notable development of its retail expansion. As of June 30, 2008, the company has opened nine stores under the company's CCR brand with six more underway, and two stores under the company's KANGGIES brand. Additionally, after the media event held on May 28, many department stores, including Shanghai Oriental Commercial Mansion, Babaiban Department Store and No. 1 Department Store, have expressed strong desires to co-operate with China Shoe to install a number of stores in their retail facilities. This development bodes well for the company's plan of having retail outlets in all of the major department stores in the Shanghai region. China Shoe maintains its target of opening up to 100 stores in the region within 2008, which would set a foundation for a nationwide roll-out program in 2009.

Mr.Gu Xiangzhong, Chairman and CEO of China Shoe Holdings, indicated that, the company has obtained its initial goal by opening up nine CCR stores and the company will also look into the possibility of acquiring mid-sized footwear retail companies in the future to accelerate the expansion.

About China Shoe Holdings, Inc.

Based in Shanghai, China, China Shoe Holdings manufactures, designs and sells private label and its own branded footwear throughout China and in overseas markets, principally Japan. China Shoe Holdings has its own manufacturing facilities located in China. China Shoe Holdings has built a diversified customer base throughout China and overseas.

Safe Harbor Statement

This release may contain forward-looking statements. These forward-looking statements are neither promises nor guarantees, but involve risks and uncertainties that may cause actual results to differ materially from those in the forward-looking statements. Readers should not place undue reliance on any such forward-looking statements that are based solely on information known as of the date of this release. China Shoe Holdings, Inc. disclaims any obligation to update or revise any such statements to reflect any change in expectations or in events, conditions or circumstances on which any such statements may be based or that may affect the likelihood that actual results will differ from those contained in the forward-looking statement.

For more information, please contact: Jason Ma China Shoe Holdings Tel: +86-21-5958-7756 Email: chinashoes2000@yahoo.com.cn

SOURCE China Shoe Holdings, Inc.

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