GREATER CHINA CORPORATION Home

GREATER CHINA CORPORATION

Participating in China's Economic Success

GREATER CHINA CORPORATION

Tel: 212.765.4547, Fax: 212.722.4818

"Our mission is to build Greater China Corporation into the ideal public company for investors and partners who wish to share in the growth of China and related economies."

Letter to Shareholders:

April 2011

Dear Greater China Shareholders, Partners and Friends:

I am pleased to outline the new and exciting direction that Greater China Corporation ("GCC") is taking in light of the dramatically changed conditions in the world since the financial collapse of 2008-2010. One of the most profound changes is the emergence of China as a driving force in global development and a major source of funding. GCC is ideally positioned to benefit from these changes with our network of high-level associations in the U.S., in China and around the world.

Based upon a careful analysis of our strengths and weaknesses we realized that we can best serve our shareholders by positioning ourselves as a partnership housed in a corporation. This structure enables us to develop projects in conjunction with world-class individuals and organizations in ways that benefit them while also enriching GCC. Here is how and why we arrived at this model:

1. Greater China Corporation has an excellent name, reputation and shareholder base (more than1,000 - the majority of which are China oriented investors).

2. We went private in 2009, while maintaining our shareholder base, in order to restructure ourselves as noted above. Given the financial collapse, this timing turned out to be fortuitous.

3. We eliminated all major overhead and consolidated operations so that today we have no debt and no dilutive instruments such as warrants, options or convertible obligations. We also reduced the number of directors and advisors to allow for new participants who can play an active role in creating value for GCC.

4. As a result of this new structure, a number of these key people are working on projects in conjunction with GCC. We could never afford to hire these people; however they are all shareholders and are all working on projects that will benefit themselves and GCC. Several of these projects are described in the Activities section of this site

5. GCC intends to re-list its shares during the course of 2011 so that all shareholders will have liquidity and so that the corporation can conduct larger transactions and financings.

I want to thank all of you for your tremendous support, inspiration and ideas. This is what drives us forward to take advantage of the numerous opportunities that we have available to us.

Sincerely,

John W. Allen, Chairman & CEO