DeTeam Company Limited Announces Successful Transfer of Listing from the GEM to the Main Board of HKEX Today

HONG KONG, June 22 /PRNewswire-Asia/ -- DeTeam Company Limited ("DeTeam" or the "Group") (SEHK: 65) is pleased to announce the successful transfer of listing from the GEM to the Main Board of the Hong Kong Exchange and Clearing Limited (HKEX) this morning. Dealings in the share on the Main Board (Stock Code: 65) has commenced at 9:30am today (22 June 2009 Monday).

Mr. Mak Shiu Chung, Godfrey, Chairman and Executive Director of DeTeam said, "DeTeam has achieved a milestone with its transfer of listing status from the GEM to the Main Board of HKEX. Looking forward, leveraging on its listing status on the Main Board, the Group will enjoy greater share liquidity and flexibility. DeTeam will also strengthen its core businesses, in the best interests of our shareholders."

Regarding its future business development, the Group will continue to develop its two core businesses, namely the production and sales of plastic woven bags and barrels, and the sales of coals in the PRC. Mr. Mak added that, "The Group has started the production of big woven bags since 2008 and good sales volume has been generated. We will pay more efforts on marketing to raise production volume gradually. For the sales of coals, DeTeam is optimistic towards steady growth of coal price and demand in the PRC. This business segment recorded a revenue of HK$15.8 million for the first quarter of this year, and we are confident that along with the production commencement of the underground mine in the late 2009, the revenue will grow further."

About DeTeam Company Limited (SEHK: 65)

The Group is primarily engaged in the production and sales of plastic woven bags and barrels to customers and sales of coals in the PRC.

For enquires, please contact PR ASIA Consultants Limited:

Ms. Priscilla Wong / Mr. Danny Cheng

Tel: +852-3183-0236 / +852-3183-0233

Fax: +852-2583-9138

Email: priscilla.wong@prasia.net / danny.cheng@prasia.net