CACAU Chardan 2008 China Acquisition - Units (MM)

Chardan 2008 China Acquisition Corp. (๏ฟฝChardan๏ฟฝ or the ๏ฟฝCompany๏ฟฝ) (NASDAQ:CACAU) announced today that commencing on August 25, 2008, the holders of the Company๏ฟฝs units may elect to trade the ordinary shares and warrants included in the Company๏ฟฝs units separately. Those units not separated will continue to trade on the Nasdaq Capital Market under the symbol CACAU, and each of the ordinary shares and warrants will trade on the Nasdaq Capital Market under the symbols CACA and CACAW, respectively. About Chardan 2008 China Acquisition Corp. Chardan 2008 China Acquisition Corp. is a newly organized blank check company formed for the purpose of acquiring, through merger, share exchange, contractual control arrangement or other similar business combination, one or more assets or operating businesses in the People๏ฟฝs Republic of China. Forward Looking Statements ๏ฟฝ Safe Harbor This press release may contain forward-looking statements within the meaning of the federal securities laws. These forward-looking statements inherently involve risks and uncertainties that are detailed in the Company๏ฟฝs prospectus and other filings with the Securities and Exchange Commission and, therefore, actual results could differ materially from those projected in the forward-looking statements. The Company assumes no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise.