Shanghai Century Decision to Proceed with Business Combination Extended

Shanghai Century Acquisition Corporation (AMEX:SHA) announced today that

the time period for Kevin Ma to determine whether to proceed with the

acquisition of Asia Leader Investments Limited and its subsidiary, New

Goal International Limited, has been extended to 12 p.m. EST on Monday

April 28, 2008 from 2 p.m. EST on April 25, 2008.
The proposed acquisition of Asia Leader and its subsidiary New Goal is

subject to approval of Shanghai Century´s

shareholders at The Annual and Extraordinary Meeting of Shareholders

scheduled to be convened on Monday, April 28, 2008 at 10:00 a.m., New

York time. The April 28, 2008, meeting will take place at the offices of

Loeb & Loeb LLP, 345 Park Avenue, 18th Floor, New York, New York 10154.
About Shanghai Century Acquisition Corporation
Shanghai Century Acquisition Corporation was formed for the purpose of

acquiring, through a share exchange, asset acquisition or other similar

business combination, or control through contractual arrangements, an

operating business having its primary operations in China. In April 2006

the Company raised US$115 million through an initial public offering on

the American Stock Exchange. Shanghai Century Acquisition Corporation´s

principal offices are in Hong Kong.