Orient Venture Capital II Inc. Enters Into Letter of Intent With Suzhou Industrial Park

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

Mon Nov 9, 2009 1:51pm EST

  VANCOUVER, BRITISH COLUMBIA, Nov 09 (MARKET WIRE) -- 
Orient Venture Capital II Inc. (the "Company") (TSX VENTURE: OVV.P) is
pleased to announce that it has entered into a letter of intent dated
November 4, 2009 with China-Singapore Suzhou Industrial Park Development
Group Co., Ltd. ("CSSD") pursuant to which CSSD agrees to provide the
Company with necessary assistance and guidance to set up a venture
investment company in Suzhou Industrial Park. Furthermore, CSSD also
agrees to provide incentives and support to the Company's venture
investment company upon its establishment.

    China-Singapore Suzhou Industrial Park Development Group Co., Ltd. is a
cooperative project between Chinese and Singaporean governments and was
established by a decree of the State Council of People's Republic of
China in February of 1994. Since its debut in 1994, Suzhou Industrial
Park has maintained a sustainable annual average economic growth of 30%.
With around only 4% of the total land and population of the City of
Suzhou, Suzhou Industrial Park contributes about 15% of Suzhou's overall
GDP, local general budgeted revenue and fixed asset investment,
approximately 25% of the total registered and paid up foreign capital and
about 30% of the gross import and export volume. Suzhou Industrial Park
enjoys all of the preferential policies accorded to national economic and
technological zones and national hi-tech industrial zones in China and
has full authority to administer its foreign affairs.

    In addition to the letter of intent with Suzhou Industrial Park, the
Company also wishes to announce that the following individuals have
agreed to become advisors to the Company:

    Mr. Terry Yongmin Hu will become an advisor to the Company. Mr. Hu is a
co-founder of FountainVest Partners ("FountainVest"), one of the largest
private equity funds dedicated to the Chinese market. Prior to
FountainVest, Mr. Hu was a Managing Director at Temasek Holdings. He was
a member of Temasek's global investment committee, and head of its real
estate investment. Prior to his tenure at Temasek, he was an investment
banker and served as a Director and Head of China Telecom, Media and
Technology Investment Banking for Credit Suisse and as the Shanghai Chief
Representative for Bear Stearns. Mr. Hu graduated from Fudan University
in People's Republic of China.

    Mr. Liqun Wang will also become an advisor to the Company. Mr. Wang is
currently the Chairman of Shanghai Stonecapital Co., Ltd. in China
("Stonecapital"). Mr. Wang has an extensive network in the Chinese
financial services industry. Prior to founding Stonecapital, Mr. Wang has
worked as the general manager of Shanghai City Construction and
Investment Development Company, which had assets over RMB 170 Billion.
Mr. Wang has also received the Shanghai Top 10 Outstanding Young
Entrepreneurs award.

    Mr. Xin Hua will also become an advisor to the Company. Mr. Hua is the
Chairman of MaiPu Communication Technology Co, Ltd., which is a supplier
of IP network equipment and application solutions with products ranging
from routers, switches, VoIP communications, security and integrated
access equipment. He is also the Executive Director of the China Software
Industry Association and a professor at Beijing University of Post and
Telecommunications. Mr. Hua was a deputy at the 11th National People's
Congress of People's Republic of China. 

    Information set forth in this news release may involve forward-looking
statements. Forward-looking statements are statements that relate to
future, not past, events. In this context, forward-looking statements
often address a company's expected future business and financial
performance, and often contain words such as "anticipate", "believe",
"plan", "estimate", "expect", and "intend", statements that an action or
event "may", "might", "could", "should", or "will" be taken or occur, or
other similar expressions. By their nature, forward looking statements
involve known and unknown risks, uncertainties and other factors which
may cause our actual results, performance or achievements, or other
future events, to be materially different from any future results,
performance or achievements expressed or implied by such forward-looking
statements. Such factors include, among others, the following risks:
risks associated with the completion of debt funding, marketing and sale
of securities; the need for additional financing; reliance on key
personnel; the potential for conflicts of interest among certain officers
or directors with certain other projects; and the volatility of common
share price and volume. Forward-looking statements are made based on
management's beliefs, estimates and opinions on the date that statements
are made and the Company undertakes no obligation to update
forward-looking statements if these beliefs, estimates and opinions or
other circumstances should change. Investors are cautioned against
attributing undue certainty to forward-looking statements.

    Information regarding, China-Singapore Suzhou Industrial Park Development
Group Co., Ltd., Mr. Terry Yongmin Hu, Mr. Liqun Wang, and Mr. Xin Hua
has been obtained from public information which the Company expects to be
reliable, however the Company has not independently verified such
information, and disclaims any liability arising therefrom.

    THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS
THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND,
ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT
PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY
UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT
TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR
TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE SECURITIES
LEGISLATION.

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

Contacts:
Orient Venture Capital II Inc.
Mr. Ian MacDougall
Director and Chief Executive Officer
(604) 689-0618
(604) 689-0628 (FAX)

Copyright 2009, Market Wire, All rights reserved.

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