FOR IMMEDIATE RELEASE
CHINA FUNDAMENTAL ACQUISITION CORPORATION
COMPLETES INITIAL PUBLIC OFFERING/OVER-ALLOTMENT OPTION EXERCISED
Hong Kong, China , May 28, 2008 - China Fundamental Acquisition Corporation (OTC Bulletin Board:
CFQUF) announced today that it has completed its initial public offering of 3,750,000 units. Each unit consists of
one ordinary share and one warrant. The units were sold at an offering price of $8.00 per unit, generating gross
proceeds of $30,000,000.
Information about this offering is available in the prospectus filed with the Securities Exchange
Commission. Chardan Capital Markets, LLC acted as representative of the underwriters for the initial public
offering. A copy of the prospectus may be obtained from Chardan Capital Markets, LLC, 17 State Street, Suite
1600, New York, New York 10019.
Prior to the consummation of the IPO, the Company consummated a private placement (the “Private
Placement”) of 1,944,444 warrants to various investors, generating gross proceeds of $1,750,000.
Of the proceeds received from the consummation of the IPO and Private Placement, $30,000,000 (or
$8.00 per share sold in the IPO) was placed in trust. Audited financial statements as of May 21, 2008 reflecting
receipt of the proceeds of the IPO and Private Placement have been issued by the Company and will be included
as Exhibit 99.1 to a Current Report on Form 6-K filed by the Company with the Securities and Exchange
On May 27, 2008, Chardan Capital Markets, LLC announced its intention to exercise its over-allotment
option to the extent of 506,250 units. The partial exercise of the over-allotment option will generate proceeds of
$3,908,250 net of the underwriters' discounts and commissions, but including deferred underwriters' discounts
and commissions of $141,750, which will result in a total amount held in trust of $33,908,250, exclusive of any
interest earned on the funds in such trust account. Chardan Capital Markets, LLC has wai