China YiBai Announces Strategic Agreement with Schneider Electric (China)

Tuesday, Aug 10, 2010

China YiBai United Guarantee International Holding Inc. (Pink Sheets: CBGH), a company providing innovative financial services for small and medium enterprises in China, announced today that it has signed a strategic agreement with Schneider Electric (China) Investment Limited Co. Under the terms of the agreement, China YiBai will provide a package of financial services for Chinese companies using Schneider Electric (China)'s services for energy conservation and emission reduction.

Schneider Electric (China) designs and manufactures products for electricity and automation management. The company was founded in 1995 and is based in Beijing, China. Schneider Electric (China) is a subsidiary of Paris-based Schneider Electric S.A.

China YiBai CEO Alex Li said, "Schneider Electric (China) has an energy management solution to substantially decrease energy consumption and generate electricity in a more efficient way to reduce energy waste and related operating and capital costs. Under our agreement with Schneider Electric (China), we will provide financing for Chinese companies acquiring Schneider Electric (China)'s technology who are seeking to deal with soaring energy costs and severe pollution problems. This is a meaningful way for us to leverage Schneider Electric (China)'s professional energy management program and facilities and to expand our financial participation to the green financial market. Our alliance with this Fortune 500 company is a symbol of our determination and ambition to become a leading green financial services provider."

About China YiBai United Guarantee International Holding Inc.

China YiBai United Guarantee International Holding Inc. and its wholly owned subsidiaries provide innovative financial services for small and medium enterprises (SMEs) including equity financing, asset management and multi-level domestic and overseas capital market listings. China YiBai is a sponsor and market maker on China's over-the-counter market, the Tianjin Equity Exchange, which specializes in financing and investment services for high-tech enterprises. More information may be found at http://www.yibaichina.com .

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Source: PR Newswire