Company Announces Plans to List on a Senior National Stock Exchange NEW YORK and BEIJING, Aug. 17 /PRNewswire-FirstCall/ -- China Advanced Construction Materials Group, Inc. ("China ACM") (OTC:CADC) (BULLETIN BOARD: CADC) , a leading provider of ready-mix concrete and related services in China, today announced that it has appointed Denis Slavich, Sean Wang and Larry Goldman to the Board of Directors, bringing the number of independent directors to four, with the total board now comprised of 7 members. As a result, the company believes it now substantially qualifies for listing on a U.S. national exchange and plans to commence the application process. Mr. Slavich brings expertise in the areas of engineering, management and finance to his role as an independent director. His career spans four decades and includes the role of CFO in both large and small entities, including Bechtel Group and KMR Power Corporation. During his 20-year tenure at Bechtel, Mr. Slavich held key positions, including corporate director and manager of international power, project manager for all Bechtel's operations at the Lawrence Livermore National Lab, and CFO. He also has extensive experience in marketing and sales and has been managing director with companies doing business in China, including Far East Energy Corporation and Global Capital Group where he was responsible for operations and sales. Mr. Slavich holds a Ph.D. in Economics and Finance from the Massachusetts Institute of Technology, an MBA from the University of Pittsburgh and a BSEE in Electrical Engineering from the University of California, Berkeley. Mr. Wang's career in the field of finance spans over 20 years and comprises CFO and managing director positions in both U.S. and China-based companies. Mr. Wang is currently executive director and CFO of SOHO China Ltd. (HKG:0410), a highly-regarded developer of notable branded commercial buildings in central Beijing. In this role, Mr. Wang is responsible for financial and fiscal management aspects of the company's operations, including budgeting, tax planning, real estate and compliance with its listing on the Hong Kong stock exchange, local and state reporting requirements. Previously, Mr. Wang has held the position of President and COO at Hurray Holdings. He was also the chief operating officer and acting CFO at Opta Corporation in San Francisco, a publicly listed consumer electronics company in the US controlled by TCL, where he was responsible for overall operations of the company and its subsidiaries. Mr. Wang holds an MBA from the Carlson School of Management at the University of Minnesota, a Bachelor of Science degree from the Chinese Exchange Student Program, Economics from Hamline University in Minnesota and a B.S. degree in National Economic Management from Beijing University in China. Mr. Wang is fluent in both Mandarin Chinese and English. Mr. Goldman, who will head the Audit Committee, is a CPA and has extensive experience in the specialties of auditing, SEC reporting, US GAAP and SOX 404. His background in finance spans almost 30 years and includes serving as a partner at Livingston, Wachtell & Co., LLP, a Manhattan-based CPA firm. He has worked for both public and private companies, and has extensive experience providing Chinese public companies with both auditing and consulting services. He also worked as a CFO for two US listed public companies and currently serves as Audit Committee Chairman for two Chinese companies listed on the Nasdaq. Mr. Goldman holds a Bachelor of Science degree in Accounting from the State University of New York at Oswego and a Masters of Science degree in Taxation from Pace University. Mr. Xianfu Han, Chairman and Chief Executive Officer, stated, "We are pleased to have such a talented group of professionals join our board. Their respective capabilities and experience will prove valuable to China ACM and we look forward to their guidance and contribution to our efforts as we continue to successfully execute on our business plan. Specifically, we look forward to capitalizing on the highly fragment concrete market in China, as we become a dominant provider of ready-mix concrete. They are welcome additions to the team." Mr. Han continued, "With four independent directors now on our board, we substantially qualify for listing on a senior stock exchange in the U.S. and seek to secure a listing in the coming months. We view this as an important milestone, as it will help increase our visibility and open the door to potential investors who are prohibited from investing in companies that are not listed on a national exchange." About China ACM China ACM, founded in 2002 and based in Beijing, China, is a leading producer of advanced construction materials for large scale commercial, residential, and infrastructure developments. The company is primarily focused on producing and supplying a wide range of advanced ready-mix concrete materials for highly technical, large scale, and environmental construction projects. The company also aims to develop and produce new and innovative environmentally conscious construction materials. China ACM provides materials and services through its seven ready-mix concrete plant network covering Beijing metropolitan area. China ACM owns one plant, leases two plants and has technical services and preferred procurement agreements with four other independently-owned plants. China ACM is ISO 9001 (product quality), ISO 14001 (environmental safety), and ISO 18001 (employment environment safety) certified. Additional information about the company is available at http://www.china-acm.com/. This press release contains "forward-looking statements" within the meaning of the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to differ materially from the results expressed or implied by such statements, including changes from anticipated levels of sales, future national or regional economic and competitive and regulatory conditions, changes in relationships with customers, access to capital, difficulties in developing and marketing new products, marketing existing products, customer acceptance of existing and new products, and other factors. Additional Information regarding risks can be found in the Company's Annual Report on Form 10K and in the Company's recent report on Form 8K filed with the SEC. Accordingly, although the Company believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. The Company has no obligation to update the forward-looking information contained in this press release. Contact: Crescendo Communications, LLC David Waldman or Klea Theoharis Tel: (212) 671-1020 Email: Web: http://www.china-acm.com/ DATASOURCE: China Advanced Construction Materials Group CONTACT: David Waldman or Klea Theoharis, +1-212-671-1020, , both of Crescendo Communications, LLC for China Advanced Construction Materials Group Web Site: http://www.china-acm.com/

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