HONG KONG, Aug 09, 2010 (BUSINESS WIRE) -- CNDC Pacific (OTCBB: DRGN), a Chinese hotel management, development and consulting group, announced today it has entered the final stage of negotiations to sign a memorandum of understanding with Smart Jade Ltd, to acquire an exclusive beach front hotel in Southern China. CNDC Pacific plans to redevelop the hotel into a brand new luxury resort.

According to management, the acquisition of this hotel property will greatly enhance CNDC Pacific's asset base and future cash flow, whilst also providing stability and future growth prospects as the company continues to seek out opportunities that increase its shareholder value.

About CNDC Pacific

CNDC Pacific is engaged in the development, ownership and management of hotels and resorts in China. Anticipating the fast and continuous growth of the Chinese economy and increased purchasing power of its consumers, the company's strategy is to develop hotel businesses across China's holiday destinations that are experiencing a sustained period of growth in their respective property and tourism sectors. To find out more, please visit www.cndcpac.com.

Forward looking statement

Certain information contained in these materials is "forward-looking" information, such as projections, estimates, pro formas, or statements of intentions, expectations or plans. All forward-looking information is subject to known and unknown risks and uncertainties, many of which are outside of the control of the company. Consequently, actual results may, and probably will, differ materially from the results contemplated in such forward-looking information.

SOURCE: CNDC Pacific

CNDC Pacific
Investor Relations:
Damen Holmes, (+852) 2772 9931
damen.holmes@cndcpac.com