SHENZHEN, China, Nov. 16 /PRNewswire-Asia-FirstCall/ -- Universal Travel Group (NYSE:UTA) ("Universal Travel Group" or the "Company"), a growing travel services provider in China offering package tours, air ticketing, and hotel reservation services online and via customer service representatives, today announced financial results for the third quarter ended September 30, 2009.

Third Quarter 2009 Highlights -- Revenue increased 48.6% year-over-year to $29.8 million -- Gross profit increased 40.5% year-over-year to $10.0 million -- Gross margin was 33.6%, compared to 35.5% in the same period of 2008 -- GAAP income from operations increased 33.3% year-over-year to $7.4 million -- Adjusted income from operations, which excludes the effect of non-cash charges related to the change in fair value of derivative liabilities of $0.85 million and stock-based compensation of $0.31 million, increased 38.8% year-over-year to $7.7 million(*) -- GAAP net income from continuing operations increased 8.8% to $4.7 million or $0.31 per diluted share -- Adjusted net income from continuing operations, which excludes the effect of the aforesaid non-cash charges, was $5.9 million, or $0.38 per diluted share, an increase of 35.5% compared to $4.3 million, or $0.35 per diluted share, in the same period of 2008(*)

"Universal Travel Group had a strong third quarter with steady growth in all three business segments," said Ms. Jiangping Jiang, Chairwoman and Chief Executive Officer. "We continued our efforts in expanding our core business into western China and achieved good results from cross marketing and selling our travel related products across our business segments. Our second home base in Chongqing also started generating revenue this quarter."

Third Quarter 2009 Financial Results

Revenue for the three months ended September 30, 2009, was $29.8 million compared to $20.0 million for the same period in 2008, an increase of approximately 48.6%. The increase in revenue was due to the Company's business expansion efforts, along with the strong demand for travel in China, which was helped by the government stimulus package. The Company continues to achieve success in cross selling related travel products and has increased brand awareness from online sales and the deployment of its TRIPEASY Kiosks.

Revenue from air-ticketing was $4.9 million, compared to $3.9 million for the same period last year, an increase of 25.5%. This increase was mainly due to increased domestic demand for airline travel. The Company witnessed strong increases in demand from leisure travelers, but only a modest increase from business travelers during the third quarter of 2009. The Company believes that this difference in demand is attributable to China's consumer-focused stimulus measures versus the more sluggish recovery in the business sector.

Revenue generated by the Company's hotel reservation segment was $3.8 million compared to $2.5 million for the same period in 2008, an increase of 50.8%. This increase was due to strong demand for travel in the quarter as well as the Company's successful cross marketing of its various business segments.

Revenue generated by package tours was $21.1 million compared to $13.6 million for the same period in 2008, an increase of 54.7%. This increase was primarily due to the government's stimulus package, cross marketing across the Company's various business segments and a longer public holiday period during the PRC Golden Week of 2009, which included both the National Celebration Holidays and the Mid-Autumn Festival. Normally the Golden Week includes only the National Celebration Holidays.

Gross profit was $10.0 million compared to $7.1 million for three months ended September 30, 2008, an increase of 40.5%. Gross profit margin for the third quarter of 2009 was 33.6% compared to 35.5% for the same period last year. The decrease in gross profit margin was mostly due to the changes of components of revenues. Revenues generated from package tours, which have a lower profit margin, grew at a much higher rate in the third quarter than revenues generated from air ticketing and hotel reservations.

Selling, general and administrative ("SG&A") expenses totaled $2.6 million compared to $1.5 million for the same period last year, an increase of 66.5%. The SG&A expenses were 8.6% of revenue for the three months ended September 30, 2009, compared to 7.7% for the same period last year. The slight increase in percentage was mainly due to the issuance of stock-based compensation in January 2009 and the amortization of such stock-based compensation; whereas, the stock-based compensation is less significant during the same period last year.

Income from operations increased 33.3% to $7.4 million from $5.6 million in the same period last year. The Company incurred non-cash charges related to stock-based compensation in the third quarter of $306,432. Excluding this non-cash charge, the Company's adjusted income from operations would be $7.7 million for the third quarter of 2009, an increase of 38.8% from the same period last year. Adjusted operating margin was 26.0%.(*)

Net income from continuing operations was $4.7 million compared to $4.3 million for the same period last year. The Company incurred non-cash charges related to the change in fair value of derivative liabilities of $0.85 million and stock-based compensation in the third quarter of $0.31 million. Excluding these non-cash charges, the Company's adjusted net income from continuing operations would be $5.9 million, or $0.38 per fully diluted share, an increase of 35.5% from $4.3 million, or $0.35 per fully diluted share, in the third quarter of 2008.(*)

Nine Month Results

Revenue for the nine months ended September 30, 2009, was $63.7 million compared to $38.8 million for the same period in 2008, an increase of 64.2%. Revenue from air-ticketing was $10.9 million compared to $7.3 million for the same period last year, an increase of 50.6%. Revenue generated by the hotel reservation segment was $9.1 million compared to $4.6 million for the same period in 2008, an increase of 98.5%. Revenue generated by package tours was $43.7 million compared to $27.0 million for the same period in 2008, an increase of 60.2%.

Gross profit was $22.3 million compared to $13.0 million for the nine months ended September 30, 2008, an increase of 71.7%.

SG&A expenses totaled $5.7 million compared to $3.1 million for the same period last year, an increase of 82.8%. SG&A expenses were 8.9% of revenue compared to 8.0% for the same period last year.

Income from operations increased 68.3% to $16.6 million from $9.9 million in the first nine months of 2008. The Company incurred non-cash charges related to stock-based compensation in the first nine months of $802,157 compared to $155,802 in the year earlier period.

Excluding this non-cash charge, the Company's adjusted income from operations would be $17.4 million for the first nine months of 2009, an increase of 73.6% from the same period last year. Adjusted operating margin was 27.4%.(*)

Net income from continuing operations was $6.1 million compared to $7.6 million for the same period last year. The Company incurred non-cash charges related to the change in fair value of derivative liabilities of $6.55 million and stock-based compensation of $0.8 million in the first nine months of 2009.

Excluding these non-cash charges, adjusted net income from continuing operations would be $13.5 million, or $0.90 per fully diluted share, an increase of 73.8% from $7.7 million, or $0.63 per fully diluted share, in the first nine months of 2008.(*)

(*) See Table 1 for a reconciliation of operating income, net income and EPS to exclude non-cash charges related to the change in fair value of derivative liabilities and stock-based compensation.

Financial Condition

Cash and cash equivalents were $23.9 million as of September 30, 2009. Current assets and current liabilities as of September 30, 2009, were $47.5 million and $6.8 million, respectively, yielding working capital of $40.7 million. The Company has no long-term debt. For the nine months ended September 30, 2009, net cash provided by operating activities was approximately $11.9 million.

Recent Developments -- Together with the recent business expansion and establishment of its second home base in Chongqing, Universal Travel Group has expanded operations at its Shenzhen headquarters and moved to a new office building on October 4, 2009. -- Achieved key business milestones regarding the Company's Chongqing expansion strategy. -- Formed a strategic partnership with China Telecom to rollout an additional 100 TRIPEASY Kiosks equipped with China Telecom's 3G services. -- Entered into a number of strategic partnerships with regional travel agencies in tier-two cities, many of which are premier travel destinations with rich tourism resources and under-penetrated local travel markets. Under these agreements, Universal Travel Group is able to expand its position in the package tour segment, improve the standard of service offered to its customers, expand its customer base in fast-growing cities, and enjoy attractive pricing. -- Universal Travel Group was awarded one of the top ten brands of travel services in the Fifth Annual Consumer Trust Survey in 2009.

Business Outlook

The Company's business in the Pearl River Delta region continues to grow and its expansion into the Chongqing Delta region is on track. The Company has formed partnerships with 50 travel agencies in Chongqing to expand its regional coverage and market share and to support its core package tours, air ticketing and hotel reservation businesses. It has also placed 30 of its TRIPEASY Kiosks throughout Chongqing in apartment and residential communities to support its retail effort and marketing strategy. The Company's call center in Chongqing has quickly ramped up and is operating at full capacity to accommodate the high demand from callers. The Company also formed a strategic partnership with China Telecom to upgrade Universal Travel Group's TRIPEASY Kiosks by enabling them with a 3G Internet connection. The faster connection will increase efficiency and effective transaction execution which should boost customer satisfaction, increase the total number of transactions each kiosk can accommodate and provide opportunities for additional service offerings.

Ms. Jiang concluded, "We remain optimistic about our business prospects due to the continuing positive trends in the travel and leisure industry in China, as well as our growing online service platform and comprehensive marketing strategies. We look forward to a strong fourth quarter and 2010 as we gain momentum and brand awareness with our kiosks strategy and further establish our presence in western China with our second home base in Chongqing."

Fiscal Year 2009 Guidance

For the full year 2009, Universal Travel Group expects sales to increase from $76.8 million in 2008 to between $88.0 - $96.0 million. The guidance originally included the expected revenues from air cargo business, which was $10.9 million in 2008. The Company spun off its air cargo business in June, 2009 to focus on its travel-related businesses. Essentially, the guidance is raised for the rest of the business segments post spin-off.

The Company also expects net income to rise from $14.5 million in 2008 to $18.0 million, and earnings per diluted share to $1.20 in 2009. The updated net income and EPS estimates exclude non-cash charges related to the change in fair value of derivative liabilities and the stock-based compensation.

Use of Adjusted Financial Measures

GAAP results for the three months ended September 30, 2009 include non-cash charges related to the change in fair value of derivative liabilities and stock-based compensation. To supplement the Company's condensed consolidated financial statements presented on a GAAP basis, the Company has provided adjusted financial information excluding the impact of these items in this release. It is a departure of US GAAP, however, the Company's management believes that this adjusted measure provides investors with a better understanding of how the results relate to the Company's historical performance. A reconciliation of the adjustments to GAAP results appears in the table accompanying this press release. This additional adjusted information is not meant to be considered in isolation or as a substitute for GAAP financials. The adjusted financial information that the Company provides also may differ from the adjusted information provided by other companies.

Conference Call Information

The Company will host a conference call at 10:00 a.m. E.S.T. on Tuesday, November 17, 2009 to discuss results for the third quarter of 2009. To participate in the live conference call, please dial the following number five minutes prior to the scheduled conference call time: 888-419-5570. International callers should dial +1-617-896-9871. When prompted by the operator, mention conference ID number 15353182.

If you are unable to participate in the call at this time, a replay will be available for 14 days starting on Tuesday, November 17 at 12:00 p.m. E.S.T. To access the replay, please dial 888-286-8010 and enter the conference ID number 81876817. International callers should dial +1-617-801-6888 and enter the same conference ID number. The replay will also be available on the company's website at http://us.cnutg.com/ .

About Universal Travel Group

Universal Travel Group, a growing travel services provider in China, is engaged in providing reservation, booking, and domestic and international travel and tourism services via the Internet and through customer service representatives. Under the theme "Wings towards a more colorful life" the Company's core services include package tours for customers and reservation services for airline tickets and hotels. In 2007, Universal Travel Group completed the acquisitions of Shenzhen Speedy Dragon, specializing in air cargo transportation; Xi'an Golden Net, specializing in package tours; Shanghai LanBao, specializing in hotel reservations and Foshan Overseas International, a China-based company that handles domestic and international travel inquiries. In 2009, Universal Travel Group sold Shenzhen Speedy Dragon to focus on more profitable travel related businesses and its cost effective TRIPEASY Kiosks expansion. Universal Travel Group's goal is to become China's leading travel services provider in all fields of the tourism industry. Please visit the Company's website at http://us.cnutg.com/ for additional information.

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

This press release contains certain statements that may include "forward-looking statements" within the meaning of federal securities laws. All statements, other than statements of historical facts, included herein are "forward-looking statements." Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including the Company's ability to successfully expand its market presence and those discussed in the Company's periodic reports that are filed with and available from the Securities and Exchange Commission. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

For further information, please contact:

Company Contact: Universal Travel Group Mr. Jing Xie Secretary of Board and Vice President Phone: +86-755-8366-8489 Email: 06@cnutg.cn Web: http://us.cnutg.com/

Investor Relations Contact: CCG Investor Relations Mr. Athan Dounis, Account Manager Phone: 1-646-213-1916 Email: athan.dounis@ccgir.com

Mr. Crocker Coulson, President Phone: 1-646-213-1915 Email: crocker.coulson@ccgir.com Web: http://www.ccgirasia.com/

Universal Travel Group RECONCILIATION OF ADJUSTED FINANCIAL MEASURES FOR THE THREE MONTHS AND NINE MONTHS ENDED SEPTEMBER 30, 2009 AND 2008

Three Months Ended Three Months Ended September 30, 2009 September 30, 2008

GAAP income from ops. $7,433,334 $5,576,294 Stock Based Compensation 306,432 0 Adjusted operating income $7,739,766 $5,576,294

Net Income Diluted Diluted EPS Net Income EPS GAAP net income cont. ops. $4,712,905 $0.31 $4,331,140 $0.35 Stock Based Compensation 306,432 0.02 0 0.00 Loss in fair value of derivative securities 847,754 0.05 0 0.00 Adjusted net income cont. ops. $5,867,091 $0.38 $4,331,140 $0.35 Weighted average shares outstanding - diluted 15,445,350 12,362,271

Nine Months Ended Nine Months Ended September 30, 2009 September 30, 2008

GAAP income from ops. $16,637,120 $9,887,784 Stock Based Compensation 802,157 155,802 Adjusted operating income $17,439,277 $10,043,586

Net Income Diluted Diluted EPS Net Income EPS GAAP net income cont. ops. $6,102,040 $0.41 $7,589,376 $0.61 Stock Based Compensation 802,157 0.05 155,802 0.01 Loss in fair value of derivative securities 6,553,971 0.44 0 0.00 Adjusted net income cont. ops. $13,458,168 $0.90 $7,745,178 $0.63 Weighted average shares outstanding - diluted 14,890,318 12,362,271

UNIVERSAL TRAVEL GROUP CONSOLIDATED BALANCE SHEETS SEPTEMBER 30, 2009 AND DECEMBER 31, 2008

SEPTEMBER 30, DECEMBER 31, 2009 2008 (Unaudited) Assets Cash and cash equivalents $23,492,115 $15,720,182 Accounts receivable, net 15,145,415 8,991,849 Other receivables and deposits, net 113,840 62,547 Trade deposit 5,988,623 6,571,164 Advances 439,475 438,468 Escrow deposits -- 762,800 Prepaid expenses 185,558 312,409 Note receivable 2,174,260 -- Current assets held of discontinued operations -- 2,459,777 Total Current Assets 47,539,286 35,319,196

Property and equipment, net 3,545,238 242,648 Intangible assets 397,251 307,335 Goodwill 9,896,270 9,896,270 Non-current assets held of discontinued operations -- 3,661,231 13,838,759 14,107,484 Total Assets $61,378,045 $49,426,680

LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities Accounts payable and accrued expenses $3,733,125 $1,691,689 Customer deposits 1,433,262 1,039,942 Income tax payable 1,652,473 1,731,246 Current liabilities held of discontinued operations -- 562,931 Total Current Liabilities 6,818,860 5,025,808

Derivative liability 4,710,798 -- Total liabilities 11,529,658 5,025,808

Stockholders' Equity Common stock, $.001 par value, 70,000,000 shares authorized, 13,812,545 and 13,873,969 shares issued and outstanding at September 30, 2009 and December 31, 2008, respectively 13,812 13,873 Additional paid in capital 15,198,351 15,861,116 Other comprehensive income 1,584,310 1,520,166 Statutory reserve 372,144 372,144 Retained earnings 32,679,770 26,633,573 Total Stockholders' Equity 49,848,387 44,400,872 Total Liabilities and Stockholders' Equity $61,378,045 $49,426,680

UNIVERSAL TRAVEL GROUP CONSOLIDATED STATEMENTS OF INCOME FOR THE THREE MONTHS ENDED SEPTEMBER 30, (UNAUDITED)

2009 2008

Revenues $29,784,918 $20,049,313 Cost of services 19,778,607 12,927,780 Gross Profit 10,006,311 7,121,533

Selling, general and administrative expenses 2,572,977 1,545,239 Income from operations 7,433,334 5,576,294

Other Income (Expense) Other income 2,459 1,485 Loss on change in fair value of derivative liabilities (847,754) -- Interest income 15,909 9,751 Interest expense -- (13,522) Total Other (Expense) (829,386) (22,867) Income before income taxes - continuing operations 6,603,948 5,574,008

Provision for income taxes (1,891,043) (1,242,868) Income from continuing operations $4,712,905 $4,331,140 Income from discontinued operations -- 297,187 Net Income $4,712,905 $4,628,327

Comprehensive Income Net Income $4,712,905 $4,628,327 Foreign currency translation gains 15,557 157,299 Total Comprehensive income $4,728,462 $4,785,626

Income per common share from continuing operations Basic $0.34 $0.35 Diluted $0.31 $0.35 Income per common share - discontinued operations Basic $-- $0.02 Diluted $-- $0.02 Net income per common share Basic $0.34 $0.37 Dilute $0.31 $0.37 Weighted average common shares outstanding Basic 13,739,880 12,306,715 Diluted 15,445,350 12,362,271

CONSOLIDATED STATEMENTS OF INCOME FOR THE NINE MONTHS ENDED SEPTEMBER 30, (UNAUDITED)

2009 2008

Revenues $63,701,070 $38,804,665 Cost of services 41,393,256 25,814,030 Gross Profit 22,307,814 12,990,635 Selling, general and administrative expenses 5,670,694 3,102,851 Income from operations 16,637,120 9,887,784

Other Income (Expense) Loss on disposal of assets -- (1,104) Other income 8,879 9,863 Loss on change of fair value of derivative liabilities (6,553,971) -- Interest income 39,206 21,473 Interest expense -- (78,526) Total Other (Expense) (6,505,886) (48,294) Income before income taxes - continuing operations 10,131,234 9,839,490

Provision for income taxes (4,029,194) (2,250,114) Income from continuing operations 6,102,040 $7,589,376 Income from discontinued operations 177,975 616,508 Loss on disposition of discontinued operations (770,595) -- Income (loss) from discontinued operation (592,620) 616,508 Net Income $5,509,420 $8,205,884

Comprehensive Income Net Income $5,509,420 $8,205,884 Foreign currency translation gains 64,144 728,701 Total Comprehensive income $5,573,564 $8,934,585

Income per common share from continuing operations Basic $0.44 $0.62 Diluted $0.41 $0.61 Income (loss) per common share from discontinued operations Basic $(0.04) $0.05 Diluted $(0.04) $0.05 Net income per common share Basic $0.40 $0.67 Dilute $0.37 $0.66 Weighted average common shares outstanding Basic 13,828,739 12,306,715 Diluted 14,890,318 12,362,271

CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE NINE MONTHS ENDED SEPTEMBER 30, (UNAUDITED)

2009 2008 Restated CASH FLOWS FROM OPERATING ACTIVITIES Net Income $5,509,420 $8,205,884 Add (deduct): Loss (income) from discontinued operations 592,620 (616,508) Income from continuing operations 6,102,040 7,589,376

Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 422,628 49,850 Provision for doubtful accounts 13,961 7,175

Stock based compensation 802,157 155,802 Loss on change in fair value of derivative liabilities 6,553,971 -- Loss on asset disposal -- 1,105 (Increase) / decrease in assets: Accounts receivable (6,156,621) (3,349,639) Other receivable (51,293) 1,093,233 Advances (1,007) 179,352 Due from shareholder -- 1,306,933 Prepaid expenses 126,851 (418,791) Trade deposits 582,541 (1,964,100) Escrow deposits 762,800 (762,800) Increase / (decrease) in current liabilities: Accounts payable and accrued expenses 2,041,436 (1,812,486) Customer deposits 393,320 57,184 Income tax payable (78,773) 544,722 Net cash provided by continuing operations 11,514,011 2,676,916 Net cash provided by discontinued operations 435,259 214,432 Net cash provided by operating activities 11,949,270 2,891,348

CASH FLOWS FROM INVESTING ACTIVITIES Purchase of property and equipment (3,627,267) (27,742) Purchase of intangibles (187,810) -- Proceeds from collection of Notes 599,151 -- Proceeds from asset disposals -- 663 Acquisition deposits -- 1,453,050 Net cash (used in) provided by continuing operations (3,215,926) 1,425,971 Net cash (used in) provided by discontinued operations (1,035,125) -- Net cash (used in) provided by Investing activities (4,251,051) 1,425,971

CASH FLOWS FROM FINANCING ACTIVITIES Repayments of bank loan -- (1,288,554) Proceeds of equity financing -- 7,712,494 Proceeds from warrants exercise 9,570 -- Note payable - others -- (1,576,750) Net cash (used in) provided by continuing operations 9,570 4,847,190 Net cash (used in) provided by discontinued operations -- -- Net cash provided by financing activities 9,570 4,847,190

Effect of exchange rate changes on cash and cash equivalents 64,144 728,701

Net change in cash and cash equivalents 7,771,933 9,893,210 Cash and cash equivalents, beginning balance 15,720,182 2,671,684 Cash and cash equivalents, ending balance $23,492,115 $12,564,894

SUPPLEMENTAL DISCLOSURES: Cash paid during the period for: Interest payments -- $78,525 Income Taxes $4,164,214 $1,885,819

Net assets sold of discontinued operations $1,659,292 Goodwill attributable to sold discontinued operations 3,630,539 Notes received on disposition (2,773,411)

Fair value of Treasury stock received (2,780,950) Loss on Disposition (770,595) Net cash of discontinued operations $(1,035,125)

UNIVERSAL TRAVEL GROUP CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2009 AND THE YEAR ENDED DECEMBER 31, 2008

Additional Common Stock Paid In Shares Amount Capital

Balance December 31, 2008 13,873,969 $13,873 $15,861,116

Cumulative effect of a change in accounting principle-adoption of Derivative and Hedging, ASC 815-40, effective January 1, 2009 (2,091,738)

Foreign currency translation adjustments

Stock-based compensation - Net of warrants exercise 41,120 42 802,115

Fair value of Treasury Stock received and retired (238,095) (239) (2,780,711)

Warrants exercised 132,251 133 3,398,002 Options exercised 3,300 3 9,567

Income for the nine months ended September 30, 2009

Balance September 30, 2009 13,812,545 13,812 15,198,351

Balance December 31, 2007 12,270,326 $12,269 $8,626,075

Foreign currency translation adjustments

Forfeited options (683,437)

Stock-based compensation 207,588

Equity financings 74,074 74 599,920 Equity financings 1,529,569 1,530 7,110,970

Income for the year ended December 31, 2008

Balance December 31, 2008 13,873,969 $13,873 $15,861,116

Other Total Comprehensive Retained Statutory Stockholders' Income Earnings Reserve Equity

Balance December 31, 2008 $1,520,166 $26,633,573 $372,144 $44,400,872

Cumulative effect of a change in accounting principle-adoption of Derivative and Hedging, ASC 815-40, effective January 1, 2009 536,777 (1,554,961)

Foreign currency translation adjustments 64,144 64,144

Stock-based compensation - Net of warrants exercise 802,157

Fair value of Treasury Stock received and retired (2,780,950)

Warrants exercised 3,398,135 Options exercised 9,570

Income for the nine months ended September 30, 2009 5,509,420 5,509,420

Balance September 30, 2009 1,584,310 32,679,770 372,144 49,848,387

Balance December 31, 2007 $545,164 $12,101,396 $372,144 $21,657,048

Foreign currency translation adjustments 975,002 975,002

Forfeited options (683,437)

Stock-based compensation 207,588

Equity financings 599,994 Equity financings 7,112,500

Income for the year ended December 31, 2008 14,532,177 14,532,177

Balance December 31, 2008 $1,520,166 $26,633,573 $372,144 $44,400,872

Source: Universal Travel Group

CONTACT: Company Contact: Mr. Jing Xie, Secretary of Board and Vice President, Universal Travel Group, +86-755-8366-8489, or 06@cnutg.cn; Investor Relations Contact: CCG Investor Relations, Mr. Athan Dounis, Account Manager, +1-646-213-1916, or athan.dounis@ccgir.com; Mr. Crocker Coulson, President, +1-646-213-1915, or crocker.coulson@ccgir.com

Web site: http://us.cnutg.com/ http://www.ccgirasia.com/