NEW YORK, July 9 /PRNewswire-FirstCall/ -- China Shoe Holdings, Inc. (OTC:CHSH.OB) (BULLETIN BOARD: CHSH.OB) today announced that the Company acquired all of the outstanding stock of Wholly Success Technology Group Limited, a British Virgin Islands Corporation ("WSTG"). WSTG is the owner of all of the outstanding shares of Shanghai Kanghong Yunheng Enterprise Development Company Ltd., a corporation organized under the laws of the People's Republic of China and is a manufacturer of women's shoes, casual shoes and shoe components, for the Japanese and Chinese markets. The WSTG's footwear is generally sold under its customer's brand names. WSTG recently began developing its own brands for retail sale in China and may enter into the retail shoe business in China. Under the terms of the Agreement, the Company's officers and directors resigned and Gu Xianzhong and Kon Ki Lo were appointed to the Company's Board of Directors and Gu Xianzhong and Angus Cheung Ming were appointed as CEO and CFO of the Company respectively. For the period ended March 31, 2007, WSTG had revenue of $1,173,975 and gross profit of $371,035. For the calendar year 2006 WSTG had revenue of $4,465,755 and gross profit of $995,001. 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. DATASOURCE: China Shoe Holdings, Inc. CONTACT: Samuel Lo, +852-90588799, ; or Investors, Don Visco of D. Visco Incorporated, +1-561-213-4469, , both for China Shoe Holdings, Inc.

Copyright