China Premium Lifestyle Enterprise Trades with New Symbol

HONG KONG--China Premium Lifestyle Enterprise, Inc., the sole distributor of Ferrari and Maserati motor vehicles in Hong Kong and Macau, and one of the leading dealers in China, and a provider of luxury goods to China, today announced that its trading symbol has changed to CPMM.OB.

The symbol change completes the company’s repositioning following its acquisition of Xact Aid, Inc. (OTCBB:XAID) by Wo Kee Hong Group in 2006.

Richard Lee, Chairman and CEO of China Premium Lifestyle Enterprise, said: “Our strategy is to use the base of our super luxury car business to further develop a premium brand platform for China, which is timed to coincide with the explosion of Chinese consumer spending. We continue to see growth in this area – even with the recently announced increase in tariffs on luxury goods.”

China Premium Lifestyle Enterprise, through its 49%-owned entity, has established itself as a leading Ferrari and Maserati distributor and dealer in Hong Kong and China, respectively. The company is expanding its offerings to include other luxury goods from around the world, which it markets to its already established base of extremely wealthy Chinese individuals.

The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the Company and its subsidiaries. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by the Company may differ materially from these statements due to a number of factors. Any forward-looking statements speak only as of the date made. Statements made in this release that are not purely historical are forward-looking statements, beliefs, plans, expectations or intentions regarding the future. Risk factors that may cause results to differ from projections include, without limitation, loss of suppliers, loss of customers, inadequate capital, competition, loss of key executives, declining prices, and other economic factors. The Company assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. Investors should independently investigate and fully understand all risks before making investment decisions.