Tianjin Teda Co., Ltd. announced that it will sell its 20.88% stake in an international club (Company A) to a Tianjin-based petroleum and chemical company, at a price of RMB 187.92 million. Therefore, the Company will have a 25% stake in Company A. The Company expects its net profit for fiscal year 2008 to increase by RMB 92.99 million due to selling of the holdings.