China Linen Textile (OTC BB:CTXIF)

HARBIN, China, October 20, 2011 /PRNewswire-Asia/ -- China Linen Textile Industry, Ltd. (OTCQB: CTXIF) ("China Linen" or the "Company"), one of China's leading linen fabric and linen yarn producers and exporters, today announced that the executive management team, including the Chairman of the Board and Chief Executive Officer Ren Gao, Chief Financial Officer Jodie Zheng Wehner, Vice General Manager Yongfeng Ma have increased their ownership by approximately 70,000 shares or 1.2% of total outstanding shares purchased in the open market, at an average price of $2.42. Since China Linen is a foreign private issuer, its officers and directors are not subject to Section 16 of the Securities Act of 1934 and therefore are not required to file a Form 4 in connection with acquisitions of China Linen's stock.

"The purchases in the last quarter have been approved by the Board and reflect the shared confidence we have in China Linen's long-term opportunity to be one of the leading pure linen fabric providers in the world," Mr. Ren Gao, CEO and Chairman of China Linen commented. "We plan to consistently purchase in the coming quarters should China Linen's stock price stay at a deeply discounted value of our operations."