YOUCAN FOODS INTERNATIONAL LTD: NOTICE OF A SUBSTANTIAL SHAREHOLDER'S INTEREST

Notice of Interest/Change in Interest
* Asterisks denote mandatory information
Name of Announcer *	YOUCAN FOODS INTERNATIONAL LTD
Company Registration No.	200401338W
Announcement submitted on behalf of	YOUCAN FOODS INTERNATIONAL LTD
Announcement is submitted with respect to *	YOUCAN FOODS INTERNATIONAL LTD
Announcement is submitted by *	Jong Voon Hoo
Designation *	Chief Financial Officer & Company Secretary
Date & Time of Broacast	20-Oct-2009 18:37:48
Announcement No.	00134
Price Sensitivity	No

>> Announcement Details

The details of the announcement start here ...

>> Part I
1. Date of notice to issuer *	16/10/2009
2. Name of Substantial Shareholder *	Wu Jianguo
3. Please tick one or more appropriate box(es): *
- Notice of a New Substantial Shareholder's interest. [Please complete Part II and IV]

>> Part II
1. Date of change of Interest	16/10/2009
2. Name of Registered Holder	Wu Jianguo
3. Circumstance(s) giving rise to the interest or change in interest	# Others
# Please specify details	Issuance and allotment of 27,490,000 new ordinary shares in the share capital of Youcan Foods International Limited to Wu Jianguo pursuant to the completion of the Proposed Key Employees Shares Issue.
4. Information relating to shares held in the name of the Registered Holder
No. of Shares held before the change	0
As a percentage of issued share capital	0 %
No. of Shares which are subject of this notice	27,490,000
As a percentage of issued share capital	11.51 %
Amount of consideration (excluding brokerage and stamp duties) per share paid or received	3,023,900
No. of Shares held after the change	27,490,000
As a percentage of issued share capital

>> Part III
1. Date of change of [Select Option]
2. The change in the percentage level	From % to %
3. Circumstance(s) giving rise to the interest or change in interest	[Select Option]
# Please specify details
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions

>> Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest:
	Direct	Deemed
No. of shares held before the change	0	0
As a percentage of issued share capital	0 %	0 %
No. of shares held after the change	27,490,000	0
As a percentage of issued share capital	11.51 %	0 %

Footnotes

Percentage of issued share capital for shares subject to this notice and percentage of issued share capital for shares held after the change were calculated based on 238,859,796 ordinary shares.