|By Marketwire .||
|September 12, 2012 07:15 PM EDT||
BEIJING, PEOPLE'S REPUBLIC OF CHINA -- (Marketwire) -- 09/12/12 -- Mountain China Resorts (Holding) Limited (TSX VENTURE:MCG) ("MCR" or the "Company"), today announces that Mr. Hongfei Zhang has resigned as a director of the Company for personal reasons. The Company would like to thank Mr. Zhang for his contributions and wish him good luck in his future endeavours.
ON BEHALF OF THE BOARD
Gang Han, Chief Financial Officer
Certain risks and uncertainties such as our ability to successfully complete the private placement could cause the Company's actual results to differ materially from those in the forward-looking statements.
MCR is the premier developer of four season destination ski resorts in China. MCR is transforming existing China ski properties into world-class, four seasons luxury mountain resorts with excellent real estate investment opportunities for discerning buyers. In February 2009, the Company's Sun Mountain Yabuli Resort was awarded Best Resort Makeover in Asia by TIME Magazine. Yabuli is also the permanent home of the China Entrepreneur's Forum the leading and most influential community of China's most distinguished and successful entrepreneurs and business leaders with over 5,000 members from across a variety of key industries.
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