China World Trade's Travel Subsidiary Ranked as one of China's Leading Air-Ticketing Companies.

TIANHE, GUANGZHOU, China -- China World Trade Corporation (OTCBB: CWTD) announced today that New Generation Group, a majority-owned subsidiary, was ranked one of the top air-ticketing company in China, reaching US$43 million in value of transactions for the six months ended June 30, 2004. The Company sold over 440,000 tickets and 710,000 tickets for the six and nine months ended September 30, 2004, respectively.

By comparison, Elong's, air-ticketing sales were only 174,600 tickets for the corresponding nine-month period. About 80% of the total revenue of New Generation is generated from air-ticketing business. The remaining revenue comes from hotel booking, package tours and insurance businesses. About 80% of Elong's revenue is derived from hotel bookings with the balance coming from air-ticketing, short-messaging services, Internet advertising, and the sale of co-branded and VIP membership cards.

"We are experiencing a 100% growth in the air-ticketing business over 2003 and we expect the result for the air-ticketing and related businesses will do even better in 2005," said Chi Hung Tsang, Chairman of China World Trade Corporation. "We intend to further develop the on-line booking of airline tickets and hotel businesses. In addition, we have been actively involved and negotiated several value-added businesses in the new Guangzhou's Baiyun Airport and will announce them once we have come up with definitive agreements."

About China World Trade Corporation

China World Trade Corporation ("CWTC") has established its businesses into three distinct divisions, namely the club and business center; the business traveling services; and the business value-added services.

The Club and Business Center Division is devoted to the building of the World Trade brand in China. Its objective is to open and operate business clubs in the major cities of China in association with the World Trade Center Association, in order to position the company as the platform to facilitate trade between China and the world market. CWTC currently operates the Guangzhou World Trade Center Club, consisting of over 4,000 square meters, and The Beijing World Trade Center Club, which is located at 2nd Floor, Office Tower II, Landmark Towers Beijing, 8 North Dongsanhuan Road, Beijing PRC, and consisting of 730 square meters. In addition, since the acquisition of CEO Clubs China Limited ("CEO Clubs") in May 2004, CEO Clubs will complement China World Trade's offerings by targeting higher profile leadership from larger companies than those normally associated with China World Trade. CEO Clubs has thirteen chapters in the US and China. It focuses on recruiting CEO's of companies with annual sales exceeding $2 million as members. The average club member has $20 million in annual sales.

The Business Traveling Services Division will provide, through its operating arm, the New Generation Group, the necessary platform for China World Trade Corp. to focus on the high growth, travel related businesses. New Generation is the pioneer and one of the market leaders in the travel agency businesses through the operations of its 10 subsidiaries in Southern China in ticketing sales for international and domestic flights as well as inbound business travel. Being one of the leading consolidators of hotel accommodations and airline tickets in China, New Generation has already acquired the necessary licenses to operate as a ticketing and travel agent in the PRC. These licenses include 26 licenses as a ticketing agent for international and domestic flights for both cargo and passengers issued by the Civil Aviation Administration of China ("CAAC") and the International Air Transport Association ("IATA") and 3 licenses as a domestic and international travel agent issued by the Administrative Bureau of Tourism of China. In addition, New Generation is also an authorized/licensed insurance agent in China to provide, in particular, accidental and life insurances. New Generation also provides premium "red carpet" airport based services to prestigious clients and will participate in the opening of the new airport in Guangzhou, the PRC. New Generation is believed to contribute a superior revenue base to the Company.

The Business Value-Added Services Division concentrates on value-added services of credit cards and merchant related businesses as well as on consultancy services. Guangdong World Trade Link Information Services Limited ("WTC Link"), a subsidiary of CWTC, formed a partnership with the Agricultural Bank of China to manage the Company's co-brand credit card project. WTC Link is an active provider of CRM solution and services in China. It helps China Telecom to develop and manage the merchants' privilege VIP member services. WTC Link also formed a partnership with China Unionpay to develop the royalty systems for bank card holders in Guangdong Province, China. In addition, this Division also provides consultancy services to CWTC's members and clients in the financial services areas including mergers and acquisitions, corporate restructuring and financing.

China World Trade has consolidated companies in industries of trade, travel and finance. These companies and acquisitions form a group which has the capability to provide value added services and strong cross-marketing opportunities for its members' utilization.

SAFE HARBOR 

Information in this news release or on this website may contain statements about future expectations, plans, prospects or performance of China World Trade Corp that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be,'' "expects,'' "may affect,'' "believed,'' "estimate,'' "project,'' and similar words and phrases are intended to identify such forward-looking statements. China World Trade Corp cautions you that any forward-looking information provided by or on behalf of China World Trade Corp is not a guarantee of future performance. None of the information on this website constitutes an offer to sell securities or investment advice of any kind, and visitors should not base their investment decisions on information contained in this website. China World Trade Corp's actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond China World Trade Corp's control. In addition to those discussed in China World Trade Corp's press releases, public filings, and statements by China World Trade Corp's management, including, but not limited to, China World Trade Corp's estimate of the sufficiency of its existing capital resources, China World Trade Corp's ability to raise additional capital to fund future operations, China World Trade Corp's ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities and, in identifying contracts which match China World Trade Corp's capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. China World Trade Corp does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.