China Properties Developments, Inc. Changes Stock Symbol to CPDV.

XI'AN, China -- China Properties Developments, Inc. (OTCBB:CPDV), a Colorado corporation, announces it will trade under the new symbol "CPDV", effective December 1, 2005. The Company previously announced on October 19th the name change from Bangla Property Management, Inc. to China Properties Developments, Inc.

"Our name and symbol change to China Properties Developments, Inc. (OTCBB:CPDV) are important milestones as this helps our current and future investors more readily understand our core business in China," said Ping'an Wu, Chairman, President and CEO of China Properties Developments, Inc. "We now have China Properties Development's leadership and structure in place and we hope to capitalize on our leading market position."

About The Company

China Properties Developments, Inc. owns 90.28% of its subsidiary, Xi'an Jiahui Real Estate Co. Ltd. formed under the Company Law of the People's Republic of China ("Jiahui"). Jiahui is a sino-foreign joint venture company formed in 1996. The Company has developed Jiahui Office Building, Oufengyuan Office Building, and Jixiang Garden Residential Project. It is currently developing Yangming Soho Office Building. The total assets of the Company are over US$21 million. Total stockholders' equity is over US$6 million.

China Properties Developments, Inc. develops and manages high-end residential, commercial and office real estate in the city of Xi'an, the capital of Shaanxi Province in the People's Republic of China. One of China's most ancient cities, Xi'an is a thriving cultural, historical and intellectual center, whose population of more than 6 million.

This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks defined in this document and in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the companies, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the companies disclaim any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.