Shanghai Century Acquisition Corporation (the "Company") today announced a correction in the amount of funds available for distribution to its public stockholders. The Company will distribute US$114,618,111.04 or approximately US$7.97 per share to its public stockholders of record as of August 28, 2008. The Company has set the payment date of September 3, 2008 which payment will be distributed by Continental Stock Transfer & Trust Company to the registered public stockholders as of the record date. No payments will be made with respect to any of the Company´s outstanding warrants or to the shares owned by the Company´s initial stockholders prior to the initial public offering.
