Onny Investments Limited Completes $5 Million Private Financing and Going Public Transaction.

HAINAN, China -- TS Electronics, Inc. (OTCBB:TSET) announced today the closing of a stock exchange transaction with Onny Investments Limited, a British Virgin Islands company ("ONNY"). The companies will operate on a consolidated basis, executing upon the current business plan of ONNY's wholly-owned subsidiary located in the People's Republic of China ("PRC"). Immediately preceding the consummation of the exchange transaction, ONNY closed a private placement of securities whereby it issued an aggregate of 10,000 convertible preferred shares for gross proceeds of $5 million, or $500 per share. As a result of the share exchange transaction, ONNY's stockholders, including participants in ONNY's private offering, were issued 27,499,940 shares of TS Electronics' common stock. As a result of the exchange transaction, Ms. Heung Mei Tsui was appointed to the Board of Directors of TS Electronics and senior management of ONNY was elected as executive officers of TS Electronics upon the resignation of the company's sole executive. TS Electronics' shares are listed on the Over-the-Counter (OTC) Bulletin Board under the symbol TSET.OB.

ONNY, through its wholly-owned PRC subsidiary, researches and produces a variety of bio-pharmaceutical products that focus primarily on genetic engineering, bioengineering, peptidergic medicine and chemical medicine. Product types include covered tablets, capsules, troches, oral fluids, injections, and both frozen powder and germfree powder acicula.

Ms. Zhilin Li, Chief Executive Officer of TS Electronics, stated, "We want to thank our financial advisor, Halter Financial Group, for facilitating our efforts in connection with our private financing and the going public transaction. These transactions have given us access to the US capital markets, with the hope of capitalizing on available growth opportunities."

Forward-Looking Statements

This release contains certain "forward-looking statements" relating to the business of TS Electronics and its subsidiary companies, which can be identified by the use of forward-looking terminology such as "believes, expects" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties, including all business uncertainties relating to product development, marketing, regulatory actions or delays, the ability to obtain or maintain intellectual property protection, market acceptance, third party reimbursement, future capital requirements, competition in general and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in our filings with the Securities and Exchange Commission. TS Electronics is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.