CH Lighting International First Half Results Affected By Worldwide Recession

Mon May 18, 2009 7:09am EDT

* Reuters is not responsible for the content in this press release.

  JINHUA, CHINA, May 18 (MARKET WIRE) -- 
CH Lighting International Corporation (OTCBB: CHHN), one of the world's
leading designers and manufacturers of a wide variety of florescent
lighting products and a leading company in China in the special light
source market, reported today that the ongoing international recession
had a negative impact on the Company's results in its second quarter and
six months ended March 31, 2009.

    The Company said revenues in the 2009 second quarter declined 46.7% to
$8,165,000 compared to $15,282,000 in the same period last year. Net
income decreased from $1,755,000 or $0.019 per share in the second quarter
last year on 93,000,000 weighted average shares outstanding to $476,000,
or $0.004 per share, in the second quarter of 2009 on 120,000,000 weighted
average shares outstanding.

    Through the first six months of 2009, the Company's revenues decreased by
$12,312,000 or 33.15% to $24,829,000 from $37,141,000 in the first six
months of 2008. Net income in the first six months of 2009 was $4,387,000,
or $0.037 per share, down from $5,913,000 or $0.064 per share in the
comparable period last year. The weighted average number of shares
outstanding in the first six months of 2008 was 93,000,000 and 120,000,000
in the same period in 2009.

    Mr. Zhao Guosong, Chairman of the Board, President and CEO of the Company
commented, "The effects of the world recession were felt mainly in our
international business. They were mitigated somewhat by the fact that this
business consists mostly of "made to order" products for which we do not
have to carry much of an inventory, although we do carry significant
amounts for our domestic customers to ensure rapid delivery. Further, our
customers generally may not return merchandise and we do not provide them
extended payment terms."

     "During the quarter," Mr. Zhao said, "our income was affected by price
reductions we offered generally in the 5% to 10% range. At the same time,
we initiated a cost control program which led to a reduction in general
and administrative expenses. Going forward, cost reduction will remain a
focus of our attention."

    He concluded, "We believe that the many strengths of the Company,
including our balance of domestic and international business, advanced
technology and product lines focused on energy saving lighting, will
permit us to emerge from this difficult period in a strong competitive
position domestically and around the world."

    About the Company

    Based in Jinhua, China, CH Lighting International Corporation, founded in
1994, is a diversified designer, manufacturer and exporter of more than
1,000 types of fluorescent lighting and related products. It is the leader
in China in environmentally friendly special lighting products such as Air
Cleaning Lamps, Power Saving Lamps and Plant Growth, Vision Improvement
and Performance Improvement Lighting Products. Additionally, its General
Light Products, which account for approximately 8% of China's linear
fluorescent lamp manufacturing, make it the third largest manufacturer of
these products in the country. While exports of the Company's products
around the world have grown rapidly, it is increasingly focused on
domestic sales, encouraged and supported by government policies aimed at
reducing power consumption and improving the environment. Additional
product information is available at http://chlighting.com.

    "Safe Harbor" Statement under the Private Securities Litigation Reform Act
of 1995:

    This news release contains forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are based on current expectations or beliefs,
including, but not limited to, statements concerning the Company's
operations, financial performance and condition. For this purpose,
statements that are not statements of historical fact may be deemed to be
forward-looking statements. The Company cautions that these statements by
their nature involve risks and uncertainties, and actual results may
differ materially depending on a variety of important factors, including,
but not limited to, the impact of competitive products, pricing and new
technology; changes in consumer preferences and tastes; and effectiveness
of marketing; changes in laws and regulations; fluctuations in costs of
production, and other factors as those discussed in the Company's reports
filed with the U.S. Securities and Exchange Commission from. In addition,
the company disclaims any obligation to update any forward-looking
statements to reflect events or circumstances after the date hereof. No
securities regulatory authority has either approved or disapproved the
contents of this news release.


CH Lighting International Corporation (formerly Sino-Biotics, Inc.)
Unaudited Condensed Consolidated Statements of Operations and Other
Comprehensive Income For the six months ended March 31, 2009

                              Three months ended       Six months ended
                                    March 31,               March 31,
                            ----------------------  ----------------------
                                  2009        2008        2009        2008
                               US$'000     US$'000     US$'000     US$'000
Operating revenues:

 Net sales to third
  parties                        8,165      15,282      24,829      37,141

Cost of sales                   (6,123)    (10,395)    (17,110)    (25,348)
                           ----------- ----------- ----------- -----------

Gross income                     2,042       4,887       7,719      11,793

Operating expenses:

  Selling, marketing
   and distribution
   expenses                       (619)       (350)     (2,473)       (995)
  General and
   administrative
   expenses                       (822)     (1,824)     (2,049)     (2,685)
                           ----------- ----------- ----------- -----------

Operating income                   601       2,713       3,197       8,113

Government subsidies
 income                            223         147       1,941         295
Other income                        10           7          20          31
Interest income                    610         102       1,853         243
Interest expense                (1,004)     (1,393)     (2,092)     (2,246)
                           ----------- ----------- ----------- -----------

Income before income
 taxes and minority
 interests                         440       1,576       4,919       6,436

Income taxes expenses               36         179        (532)       (523)
Minority interests                   -           -           -           -
                           ----------- ----------- ----------- -----------

Net income                         476       1,755       4,387       5,913

Other comprehensive
 income
Foreign currency
 translation adjustment             34         473          37         836
                           ----------- ----------- ----------- -----------

Comprehensive
 income                            510       2,228       4,424       6,749
                           =========== =========== =========== ===========

Earnings per share
                                Shares      Shares      Shares      Shares
Weighted average number
 of common stocks
 outstanding, basic and
 diluted                   120,000,000  93,000,000 120,000,000   93,000,000
                           =========== =========== =========== ============

                                   US$         US$         US$         US$
 Net income per share
  of common stock
  outstanding, basic
  and diluted                    0.004       0.019       0.037       0.064
                           =========== =========== =========== ============

    


CONTACTS:

Liya Wu
lwu@mccgroupusa.com
Tel: 646-5737654
Fax: 905-7559434

Ken Donenfeld
donfgroup@aol.com
Tel:   212-425-5700
Fax:  646-381-9727

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