China Oumei Real Estate Inc.

Dragon Acquisition Corporation ("Dragon Acquisition" or the "Company"), a leading housing and real estate development company headquartered in Qingdao, Shandong province, China, today announced that it has appointed a new President, Chief Financial Officer, and three independent Directors, changed its independent auditor, and made other changes to its corporate governance structure. None of the changes were made because of any disagreement with the Company on any matter relating to the Company's operations, policies, or practices. The changes were made in anticipation of the Company's listing on NASDAQ, public offering of ordinary shares, and its change of name to China Oumei Real Estate Inc.