February 16, 2010 (FinancialWire) — – China Fundamental acquisition Corp.’s (OTCBB: CFQCF) shareholders have approved the company’s acquisition by China Fundamental of Beijing Wowjoint Machinery Co., Ltd. and its associated companies.

Wowjoint is a provider of customized duty heavy lifting and carrying machinery used in large scale infrastructure projects such as railway, highway and bridge constructions.

The company’s main products lines include launching gantries, tyre trolleys, special carriers and marine hoists.

Subsequent to the transaction, China Fundamental said it will change its name to Wowjoint Holdings Ltd. China Fundamental’s units, ordinary shares and warrants will continue to trade on the OTCBB under the symbols CFQUF, CFQCF, CFQWF, respectively, until new symbols are issued.

In addition to approving the acquisition of Wowjoint and the change in the company’s name, China Fundamental shareholders also approved certain amendments to the company’s articles of association and the election of four new members to the company’s board of directors effective upon consummation of the business combination with Wowjoint — Yabin Liu, Fude Zhang, Jibing Li and Chun Liu.

Hong Kong-based China Fundamental acquisition is a special purpose acquisition company formed for the purpose of acquiring an operating business that has its principal operations located in the People’s Republic of China, including Hong Kong and Macau.

China Fundamental completed its initial public offering on May 21, 2008.

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