Shanghai Century Decision to Proceed with Business Combination Extended

HONG KONG--(Business Wire)--
Shanghai Century Acquisition Corporation (AMEX:SHA) announced
today that the time period for Kevin Ma to determine whether to
proceed with the acquisition of Asia Leader Investments Limited and
its subsidiary, New Goal International Limited, has been extended to
12 p.m. EST on Monday, April 28, 2008 from 2 p.m. EST on April 25,
2008.

The proposed acquisition of Asia Leader and its subsidiary New
Goal is subject to approval of Shanghai Century's shareholders at The
Annual and Extraordinary Meeting of Shareholders scheduled to be
convened on Monday, April 28, 2008 at 10:00 a.m., New York time. The
April 28, 2008, meeting will take place at the offices of Loeb & Loeb
LLP, 345 Park Avenue, 18th Floor, New York, New York 10154.

About Shanghai Century Acquisition Corporation

Shanghai Century Acquisition Corporation was formed for the
purpose of acquiring, through a share exchange, asset acquisition or
other similar business combination, or control through contractual
arrangements, an operating business having its primary operations in
China. In April 2006 the Company raised US$115 million through an
initial public offering on the American Stock Exchange. Shanghai
Century Acquisition Corporation's principal offices are in Hong Kong.

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