China 3C Raises Full Year Profit Guidance for 2007

China 3C Raises Full Year Profit Guidance for 2007

November 29, 2007

    HANGZHOU, China, Nov. 29 /Xinhua-PRNewswire-FirstCall/
-- China 3C Group (OTC Bulletin Board: CHCG), a retailer
and distributor of consumer and business products in China,
announced today that it raised full year fully diluted
earnings per share to between $.43 and $.47 per share for
full year 2007.  Previous guidance was $.40 to $.44.

    China 3C CEO Zhenggang Wang said, "Sales for the
fourth quarter 2007 are trending well, so we feel very
comfortable with the higher guidance for this year."

    About China 3C Group

    China 3C is a leading wholesale distributor and
retailer of 3C merchandise: computers, communication
products and consumer electronics. The company specializes
in wholesale distribution and retail sales of 3C products
in Eastern China, focusing on products that make life more
comfortable, convenient and connected. The company's goal
is to become the number one retailer of 3C products in
China. For more information, visit
http://www.china3cgroup.com .

    A profile for investors can be accessed at
http://www.hawkassociates.com/chcgprofile.aspx . For
investor relations information regarding China 3C, contact
Frank Hawkins or Ken AuYeung, Hawk Associates, at
305-451-1888, e-mail: [e-mail] . An online
investor kit including press releases, current price
quotes, stock charts and other valuable information for
investors may be found at http://www.hawkassociates.com and
http://www.americanmicrocaps.com . To receive free e-mail
notification of future releases for China 3C, sign up at
http://www.hawkassociates.com/email.aspx . 

    Forward-looking Statements: 

    Certain of the statements set forth in this press
release constitute "Forward looking statements"
within the meaning of the Private Securities Litigation
Reform Act of 1995. We have included and from time to time
may make in our public filings, press releases or other
public statements, certain forward-looking statements,
including, without limitation, those under
"Management's Discussion and Analysis of Financial
Condition and Results of Operations" in Part II, Item
7. In some cases these statements are identifiable through
the use of words such as "anticipate,"
"believe," "estimate,"
"expect," "intend," "plan,"
"project," "target," "can,"
"could," "may," "should,"
"will," "would" or words or expressions
of similar meaning. You are cautioned not to place undue
reliance on these forward- looking statements. In addition,
our management may make forward-looking statements to
analysts, investors, representatives of the media and
others. These forward-looking statements are not historical
facts and represent only our beliefs regarding future
events, many of which, by their nature, are inherently
uncertain and beyond our control. There can be no assurance
that such forward-looking statements will prove to be
accurate and China 3C Group undertakes no obligation to
update any forward-looking statements or to announce
revisions to any of the forward-looking statements.

    For more information, please contact:

    Investor Relations Contact: 
     Frank Hawkins and Julie Marshall
     Hawk Associates, Inc.
     Tel:     [phone]
     Email:   [e-mail] 
     Website: http://www.hawkassociates.com