China Technology Announced Proposed Annual Meeting of Shareholders and Substantial Shareholder Restructuring
November 30 2006 - 8:15AM
PR Newswire (US)
HONG KONG, Nov. 30 /Xinhua-PRNewswire-FirstCall/ -- China
Technology Development Group Corporation (NASDAQ:CTDC) ("CTDC" or
"the Company") today announced the Company's Board of Directors
("the Board") convened a meeting attended by all board members on
November 27, 2006. The Board reviewed and unanimously agreed that
the 2006 Annual General Meeting of the shareholders (the "Annual
Meeting") will be held on December 22 and the close of business on
November 28, 2006, New York time, has been fixed as the record date
of the Annual Meeting. The Board also reviewed, approved and
proposed for submission to the shareholders during the Annual
Meeting, transactions involving the change of substantial
shareholders through the sale of outstanding shares by existing
substantial shareholders, and issuance of new shares and warrants
for the purchase of new shares, by the Company to new investors
(the "Proposed Transactions"). A full version of the notice of the
Annual Meeting and the shareholders' circular are filed in Form 6-K
together with copies of the executed agreements in connection with
the Proposed Transactions, which is available at
http://www.nasdaq.com/asp/quotes_sec.asp?selected=CTDC&symbol=CTDC
. About CTDC: CTDC is engaged in information network security and
nutraceutical business in the People's Republic of China. CTDC's
existing major shareholder is Beijing Holdings Limited, a
conglomerate with over $3 billion in total assets beneficially
owned by the Beijing People's Municipal Government. For more
information, please visit our website at http://www.chinactdc.com/
. Forward-Looking Statement Disclosure This press release of the
Company, which is a foreign private issuer, on Form 6-K contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, and Section 21E of the Securities Act of
1934. These statements relate to future events or the Company's
future financial performance. The Company has attempted to identify
forward-looking statements by terminology including "anticipates",
"believes", "expects", "can", "continue", "could", "estimates",
"expects", "intends", "may", "plans", "potential", "predict",
"should", or "will" or the negative of these terms or other
comparable terminology. These statements are only predictions,
uncertainties and other factors may cause the Company's actual
results, level of activity, performance or achievements to be
materially different from any future results, level of activity,
performance or achievements expressed or implied by these
forward-looking statements. The information in this Report on Form
6-K is not intended to project future performance of the Company.
Although the Company believes that the expectations reflected in
the forward- looking statements are reasonable, the Company does
not guarantee future results, level of activity, performance or
achievements. The Company's expectations are as of the date this
Form 6-K is filed, and the Company does not intend to update any of
the forward-looking statements after the date this Report on Form
6-K is filed to conform these statements to actual results, unless
required by law. Contact: China Technology Development Group
Corporation Michael Siu, Executive Director, Chief Financial
Officer and Secretary Tel: +852-3112-8461 Email: DATASOURCE: China
Technology Development Group Corporation CONTACT: Michael Siu of
China Technology Development Group Corporation, +852-3112-8461, or
fax, +852-3112-8410, or Web site: http://www.chinactdc.com/
http://www.nasdaq.com/asp/quotes_sec.asp?selected=CTDC&symbol=CTDC
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