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Subaye, Inc. Provides Update on Status of Quarterly Filing

GUANGZHOU, China Feb. 22, 2011 Subaye, Inc. China February 22, 2011

James Crane Chinese New Year Guangdong Province December 31

Subaye has informed the NASDAQ OMX Group that it will require additional time to complete the quarterly results and file the Form 10-Q with the SEC. Subaye has been informed that a customary listing deficiency notice letter will be mailed to Subaye immediately. This letter will explain that standard compliance guidelines will need to be met by Subaye in a to-be-determined timeline not to exceed 180 days.

Zhiguang Cai

About Subaye, Inc.


Forward-Looking Statements

Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about Subaye, Inc.’s industry, management’s beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Because such statements involve risks and uncertainties, the actual results and performance of the Company may differ materially from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Subaye, Inc.’s operations are conducted in the People’s Republic of China ("PRC") and, accordingly, are subject to special considerations and significant risks not typically associated with companies in North America. These include risks associated with, among others, the political, economic and legal environment and foreign currency exchange. The Company’s results may be adversely affected by changes in the political and social conditions in the PRC and by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion, remittances abroad, and rates and methods of taxation. Other potential risks and uncertainties include but are not limited to the ability to procure, properly price, retain and successfully complete projects, and changes in products and competition. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. Readers should review carefully reports or documents the Company files periodically with the Securities and Exchange Commission.

For more information, please contact:


James Crane

Chief Financial Officer

Email: [email protected]

China: +86-186-2136-3580

U.S.: +1-617-699-6325

Investor Relations:

Michael Feldman

Email: [email protected]

Hong Kong: +852-9784-1855

SOURCE Subaye, Inc.

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