Ms. Hilda Sung reports

KAIYUE INTERNATIONAL ANNOUNCES NEW CHIEF FINANCIAL OFFICER, NEW AUDIT COMMITTEE MEMBER AND GRANT OF STOCK OPTIONS

Judyanna Chen has resigned as the chief financial officer and a member of the audit committee of Kaiyue International Inc. The company has appointed Jin Kuang as the chief financial officer in place of Ms. Chen. The company has appointed Hilda Sung to the audit committee in place of Ms. Chen. The audit committee now consists of Ms. Sung, George Dorin and Bradley Cran.

The company also announces that it has granted an aggregate of 250,000 stock options to its directors and officers. Each option is exercisable at 13 cents per common share and is exercisable for a period of five years from the date of grant. All of the options will vest over a four-year period, with 25 per cent vesting on the first anniversary of the date of grant and 25 per cent vesting annually thereafter. The options are exercisable in accordance with the terms of the company's stock option plan.