China Petrotech

03-Jan-2007 19:27:16 GRANT OF SHARE OPTIONS PURSUANT TO THE CHINA PETROTECH EMPLOYEE SHARE OPTION SCHEME The Board of Directors of China Petrotech Holdings Limited (the "Company") wishes to announce that the Company had offered options to senior executives and Independent Directors of the Group under the China Petrotech Employee Share Option Scheme (“the Scheme”) to subscribe for, and be allotted an aggregate of 4.9 million ordinary shares in the Company at an exercise price of S$0.45 per share ........ Today, the stock is trading at 0.435~0.455, supported at 0.43. It is good to enter at present price 0f 0.44, may cut loss once it fall below its support level at 0.43.