China Wonder Limited

(the "Company")

Investment in Metroelectric plc

China Wonder Limited, the specialist engineering company based in Jinzhou in China,  announces that on 21 December 2009, it agreed to invest £200,000 in PLUS listed Metroelectric plc ("Metroelectric") by way of a subscription for 25,000,000 ordinary shares of 0.1 pence each at a price of 0.8 pence per share (the "Investment").  Dealings in the new ordinary shares are expected to commence on 29 December 2009. In addition, China Wonder Limited has been granted an option to subscribe for a further 50 million new ordinary shares in Metroelectric at a price of 0.8 pence per share for a period of three years from the date of grant..

Metroelectric is an investment company and has today announced that it has agreed to acquire the business and assets of Powabyke Acquisition Limited ('Powabyke'), owner of one of the UK's leading electric powered bicycle businesses, for £983,997,which will be satisfied by a cash payment of £120,000 and the allotment and issue of 107,999,640 new ordinary shares of 0.1p each in the capital of Metroelectric at 0.8 pence per share (the "Acquisition"). Completion of the Acquisition is conditional only on admission of the new Metroelectric shares to PLUS.

The Company is an associate of Wonder Auto Technology Group ('WATG'), a NASDAQ listed major worldwide supplier to the automobile industry. WATG is currently developing a range of electric vehicles and the parties look forward to working closely on the development of Powabyke's operations, as it seeks to further expand its business in the key Chinese market.

Both the sellers and China Wonder Limited are subject to orderly market arrangements for a 12 month period from the date of Admission of the consideration and subscription shares.

For further information, please contact: