HONG KONG--(Business Wire)--(June 14, 2010)--CNDC Pacific (OTCBB: DRGN) announced on May 21, 2010, the acquisition of CNDC Pacific (“CNDC”), a diversified lodging development, management and consulting group. CNDC is engaged in the investment and development of upscale hotels, resorts, residential and commercial properties throughout China.

According to management, CNDC’s growth strategy is directed towards establishing the company’s lodging business, through placing strategic investments in China’s fast emerging second-tier cities. The company’s target within the next 12 months is to acquire parcels of land in China to develop into luxury lodging and commercial properties; offering upscale real estate and hospitality services to savvy investors and consumers. The company plans to achieve this through utilizing its established network in the property and hospitality industries, which it has built over the years through its hotel consulting business.

The acquisition enables CNDC Pacific to implement its new business direction in engaging in the development, ownership and operation of upscale lodging and leisure facilities in China; as announced in a Current Report on Form 8-K dated December 2, 2009. For further information, please visit the company website at www.cndcpac.com or refer to the company’s Form 8-K filing disclosing the details of acquisition, dated May 21, 2010.

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