China World Trade Corporation Forms Partnership with Leading Chinese Airline; Parties to Establish Commuter Service Center at High-Profile New Airport.

TIANHE, GUANGZHOU, China -- China World Trade Corporation (OTCBB: CWTD) announced today that its majority-owned subsidiary New Generation Group, a leading travel agency in China, has entered into a co-operation agreement with the Guangzhou branch of China Southern Airlines Company Limited (NYSE: ZNH), the largest commercial airline in China. Under the agreement, a service center managed by the New Generation Group will be established in the Guangzhou East (Train) Station to assist commuters with check-in and connections for flights of the China Southern Airline in the new Guangzhou Baiyun International Airport. The Guangzhou East Station is a key connection location in the city, as both the Guangzhou subway and the Hong Kong Kowloon-Guangzhou direct train connect there.

"Our subsidiary continues to provide value-added services to build on its leading position as a provider of travel-related services," said Chi Hung Tsang, Chairman of China World Trade Corporation. "The Guangzhou East Train Station receives millions of passengers annually, and this service center will help further raise the profile of New Generation, in addition to generating important revenue opportunities. By partnering with the leading providers of travel-related services in the country, China World Trade continues to provide unique, value-added services to its business customers."

Recently, New Generation Group formed a partnership to provide travel-related information via an exclusive telephone hotline at the new Guangzhou Baiyun International Airport. This exclusive hotline offers the latest information in connection with the new airport as well as flight information for travelers.

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.