Cirmaker Technology Agrees to Acquire 66% Stake in Shaanxi New Century Electronics to Manufacture Set-Top Boxes for the Mainland China Market Shaanxi New Century Electronics Will Produce Set Top Boxes with the Ruyi Brand Name NEW YORK, April 29 /PRNewswire-FirstCall/ -- Cirmaker Technology Corp. (BULLETIN BOARD: CRKT.OB) , which manufactures set top boxes for digital TV signal reception, CPU coolers for computers and electronic components, today announced that it has signed an agreement with the Shaanxi Ruyi Electric Co., headquartered in Xian Yang, Shaanxi Province, China, relating to the purchase of a 66% stake in Shaanxi Ruyi Electric's subsidiary, Shaanxi New Century Electronics Co., which will manufacture set-top boxes (also known as digital receivers) that receive signals from satellites and do not require cable connections for the mainland China television market. Shaanxi New Century Electronics Co. is located in Xian Yang, Shaanxi Province, mainland China. Under the terms of the agreement, Cirmaker Technology has agreed to purchase 66% of Shaanxi New Century Electronics and Shaanxi Ruyi Electric will continue to own 34%. Shaanxi New Century Electronics has the exclusive right to use Ruyi's well-established brand name in its set top boxes. Shaanxi Ruyi Electric, which ranks as one of the 500 largest Chinese companies, is one of the largest manufacturers of TV sets in China. CEO and President Bill Liao of Cirmaker Technology said, "We are pleased to partner with Shaanxi Ruyi Electric to produce set-top boxes with satellite functionality for the mainland China market. Ruyi's outstanding, well- recognized brand name and wide acceptance combined with Cirmaker Technology's world-class manufacturing capability will enable the parties to deliver a line of highly reliable, technologically advanced satellite set top boxes. General Manager Su Zeng Meng of Shaanxi Ruyi Electric Co. said, "Shaanxi New Century Electronics Co. will offer mainland Chinese consumers the ability to buy a new generation satellite set top box that converts digital television broadcast signals into analog formats so that analog TV sets can receive digital programming -- a product for which we believe there is a huge demand in mainland China. We are very pleased to work with Cirmaker Technology, which has a superior manufacturing capability, in producing these much-needed set top boxes." About Cirmaker Technology Corp. Headquartered in Taiwan with offices in New York City, Beijing, and Guangdong province, Cirmaker Technology manufactures cooling systems for laptop and personal computers, electrical and electronic components and 3G MHP (3rd generation multimedia home platform) digital set top boxes for television sets. Cirmaker has developed set top boxes that convert digital television broadcast signals into analog formats so that analog TV sets can receive digital programming. The system also receives, processes, stores and broadcasts analog, digital and streaming media signals, and supports pay-per- view and video-on-demand functions. Cirmaker believes it is the only 3G MHP STB manufacturer operating in China able to produce in volume a device that meets all the required standards of Chinese broadcasting authorities. It also complies with all international HDTV standards for high definition television. About Shaanxi Ruyi Electric Company Shaanxi Ruyi Electric Company is one of the premiere national enterprises engaged in manufacturing satellite digital receivers in the northwest region in China. Its main business is the development, manufacturing and marketing of digital broadcasting, digital TV and related digital electronics products. Backed by its experience and resources, the company is focused on the development and promotion of high-tech digital electronics products. Shaanxi Ruyi Electric Company website: http://www.ruyi-cn.com/. In Chinese, Ruyi means "wishes come true." Forward-Looking Statements The matters discussed in this news release contain forward-looking statements, including statements regarding the closing of the acquisition of equity in Shaanxi New Century Electronics, the potential market for satellite set top boxes, and the potential success of the strategic alliance between Shaanxi Ruyi Electric Co. and Cirmaker. These statements are subject to various risks, uncertainties and other factors that could cause actual results to vary materially from the results anticipated in such forward-looking statements. Such risks, uncertainties and other factors include Cirmaker's potential inability to raise additional capital, its potential inability to compete with other companies that may be more experienced and better capitalized than Cirmaker, changes in domestic and foreign laws, regulations and taxes, changes in economic conditions, uncertainties related to the legal systems in Cirmaker's target markets, including, China's legal system and economic, political and social events in China and other target markets, foreign relations between Taiwan, China and Cirmaker's other potential target markets, a general economic downturn, a downturn in the securities markets, Securities and Exchange Commission regulations which affect trading in the securities of "penny stocks," and other risks and uncertainties detailed from time to time in Cirmaker's filings with the Securities and Exchange Commission. These forward-looking statements represent management's judgment as of the date of this release. Cirmaker disclaims any intent or obligation to update these forward-looking statements. DATASOURCE: Cirmaker Technology Corp. CONTACT: Charles R. Skeele, General Manager of Cirmaker Technology Corporation, +1-917-639-4098, or ; or Truc N. Nguyen, VP, Investor Relations of Stern & Co., +1-212-888-0044, or , for Cirmaker Technology Corp. Web site: http://www.ruyi-cn.com/

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