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21 April 2009
Fairfax advises ZTC Telecommunications plc on its refinancing
Fairfax I.S. PLC has worked with the board of ZTC Telecommunications PLC (now renamed China Evoline PLC) (the “Company”) to secure £280,000 and effect a capital reorganisation to allow its shares to recommence trading following their suspension. The suspension was caused by financial uncertainties in the business as a result of the unexplained absence of its Chinese Chief Executive and General Manager. The Company now operates as an investing company and is looking for suitable acquisitions.

Further information on the Company is available on the Company's website at www.chinaevoline.com.