Shine Media Acquisition Corp. is a blank check company incorporated in June 2005 to acquire an operating business in the media and advertising industries in the People’s Republic of China. Although Greenscape’s business is not within this scope, Shine’s board and management will seek shareholders approval to remove this restriction in the normal course of closing this transaction.

Related symbols: SHND.W SHND.U

The company is in the process of acquiring China Greenscape Co., Ltd:

The Company is one of the largest green resources companies in China (and the largest in the Eastern China region including Shanghai area) supplying trees and plants to China’s cities and developing communities.

Greenscape is one of the few companies in China that is large enough to meet the central government mandated green needs of entire cities, urban and industrial development zones. In just 6 years of operations, the Company has accumulated an inventory of over 8 million trees and plants, a growing area of over 3,100 acres, and the unique ability to develop and acquire millions of additional trees and plants each year. The Company’s after-tax earnings have grown from just US$5.7 million in 2004 to over US$17.8 million in 2007. As of December 31, 2007 the Company has over US$250 million in backlog contracts covering the next 4 years.

 Source: Business Wire (May 9, 2008)