GCA.P Greater China Capital

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR
DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES,
AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL
ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES.


Greater China Capital Inc. ("Greater China") (TSX VENTURE:GCA.P), a capital pool
company listed on the TSX Venture Exchange (the "Exchange"), is pleased to
announce that it will seek to raise gross proceeds of up to $10.8 million in a
brokered "best efforts" prospectus offering (the "Offering") consisting of up to
$1.8 million in common shares ("Common Shares") at a price of $0.25 per Common
Share ($1.50 per Common Share assuming that the proposed consolidation of
Greater China shares is approved) and up to $9 million in 3 year 10% secured
convertible debentures ("Debentures") of Greater China. The conversion price of
the Debentures will be $0.50 ($3.00 per Common Share assuming that the proposed
consolidation of Greater China shares is approved).


The Offering is subject to all necessary regulatory requirements including the
approval of the TSX Venture Exchange and the successful completion of the
qualifying transaction (the "Proposed Transaction") between Greater China and
Tiandi (Hong Kong) Energy Technology Co., Limited ("TET") as previously
announced in Greater China's July 20, 2010 news release. Net proceeds of the
Offering will be used to fund the expansion capital needs of TET, and for
working capital.


Portfolio Strategies Securities Inc. ("PSSI") of Toronto, Ontario has been
engaged as lead agent subject to satisfactory due diligence. PSSI has also
agreed to act as sponsor in connection with the Proposed Transaction. As
compensation for its services, PSSI will receive a cash commission of eight
percent (8%) of the gross proceeds of the Offering and a number of broker
warrants (the "Broker Warrants") equal to eight percent (8%) of the number of
Common Shares and Debentures sold pursuant to the Offering. Each Broker Warrant
is exercisable into one Common Share at the exercise price of $0.25 per Common
Share ($1.50 per Common Share assuming that the proposed consolidation of
Greater China shares is approved) for 24 months from the completion date of the
Proposed Transaction.


The Proposed Transaction is intended to be the Qualifying Transaction of Greater
China pursuant to Policy 2.4 of the Exchange. It is expected that the combined
entity after completion of the Proposed Transaction will qualify as a
Technology/Industrial Issuer pursuant to the policies of the Exchange. The
Proposed Transaction will not be a Non-Arm's Length Qualifying Transaction (as
that term is defined in Policy 2.4). It is intended that the Proposed
Transaction shall take place by way of a share exchange.


ABOUT TIANDI (HONG KONG) ENERGY TECHNOLOGY CO., LIMITED

TET is a private company incorporated under the laws of Hong Kong. TET has a
wholly owned subsidiary Zhejiang EGE Battery Manufacture Co. Ltd. ("EGE"), a
private company incorporated under the laws of People's Republic of China. EGE
is ISO9001: 2000 certified and operates as a lead crystal batteries R&D and
manufacturing company in Huzhou City, Zhejiang Province. TET possesses a unique
proprietary technology and owns five lead crystal battery manufacturing related
patents in China. The company's total assets as of May 31, 2010 was RMB
91,329,720 (approximately CAD$15 million) and the revenue for the year ended May
31, 2010 was $61,316,349 (approximately CAD$10 million) in accordance with the
unaudited financial statements. Management believes that TET has a significant
potential for growth with the prospect of continuing to expand its sales in
China and worldwide.


Capitalization of the Resulting Issuer

Following the completion of the Proposed Transaction and assuming the
consolidation previously announced in Greater China's July 20, 2010 news
release, there will be issued and outstanding 1,493,373 Greater China common
shares, prior to the issuance of 25,000,000 common shares to the TET
Shareholders, so that the Company will have approximately 26,493,373 common
shares issued and outstanding, excluding any common shares issued pursuant to
the Offering, any common shares issuable upon the conversion of any Debentures
that may be issued pursuant to the Offering, and any common shares that may be
issuable upon the exercise of directors' options and warrants granted to the
Agent.


READER ADVISORY

Completion of the Proposed Transaction is subject to a number of conditions,
including but not limited to, Exchange acceptance, and, if applicable pursuant
to Exchange Requirements, majority of the minority shareholder approval. Where
applicable, the Proposed Transaction cannot close until the required shareholder
approval is obtained. There can be no assurance that the Proposed Transaction
will be completed as proposed or at all.


Investors are cautioned that, except as disclosed in the information circular,
filing statement or prospectus to be prepared in connection with the Proposed
Transaction, any information released or received with respect to the Proposed
Transaction may not be accurate or complete and should not be relied upon.
Trading in the securities of a capital pool company should be considered highly
speculative.


All information contained in this news release with respect to Greater China and
TET was supplied by Greater China and TET, respectively, for inclusion herein,
and Greater China and its directors and officers have relied on TET for any
information concerning them.


Statements in this press release may contain forward-looking information. Any
statements that are contained in this press release that are not statements of
historical fact may be deemed to be forward looking statements. Forward-looking
statements are often identified by terms such as "may", "should", "anticipate",
"expects" and similar expressions. Forward-looking information in this press
release includes terms and conditions of the Qualifying Transaction, the
Financing and associated transactions. The reader is cautioned that assumptions
used in the preparation of any forward-looking information may prove to be
incorrect. Events or circumstances may cause actual results to differ materially
from those predicted, as a result of numerous known and unknown risks,
uncertainties, and other factors, many of which are beyond the control of
Greater China. The reader is cautioned not to place undue reliance on any
forward-looking information. Such information, although considered reasonable by
management at the time of preparation, may prove to be incorrect and actual
results may differ materially from those anticipated. Forward- looking
statements contained in this press release are expressly qualified by this
cautionary statement.


The forward-looking statements contained in this press release are made as of
the date of this press release, and Greater China does not undertake any
obligation to update publicly or to revise any of the included forward-looking
statements, whether as a result of new information, future events or otherwise,
except as expressly required by securities law.


THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED
STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY
NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED
OR EXEMPT THEREFROM.

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