China Technology Announces New Chief Financial Officer
August 27 2007 - 7:08AM
PR Newswire (US)
HONG KONG, Aug. 27 /Xinhua-PRNewswire-FirstCall/ -- China
Technology Development Group Corporation (Nasdaq: CTDC; "CTDC" or
the "Company") today announced the appointment of Charlene Hua as
the Company's new Chief Financial Officer, effective August 20,
2007, pursuant to a board resolution passed on the same date. This
successful candidate was nominated by the Nominating Committee of
the Company. As Chief Financial Officer, Ms. Hua will be
responsible for the development strategy of the Company's Finance
department, financial planning, implementation of internal controls
and integration of CTDC's subsidiaries operations. Ms. Hua brings
over 10 years of diverse experience in banking, consulting, finance
and business development to the Company. Prior to joining the
Company, Ms. Hua worked as a Vice President at Citigroup Global
Markets, Inc. since 2005. In addition, she held senior positions at
other major corporations such as JP Morgan Chase, Arthur Andersen,
Electronic Data System, etc. "We are very pleased that our
management team is joined by a highly experienced professional from
a Wall Street firm. We believe that her expertise and competence in
financial markets will be a tremendous asset to the Company, which
will allow the Company to successfully implement our business
strategy and to further strengthen our market position, as well as
to improve the effective communications with our global investors,"
Mr. Alan Li, Chairman of the Board of the Company, commented on the
appointment. "I am excited that I have the opportunity to work in
such a dynamic company, which is the first Nasdaq-listed subsidiary
of China Merchants Group and is poised for promising growth. I hope
that my work will enable CTDC to reach new heights in the future,"
said Ms. Hua. About CTDC: CTDC is engaged in information network
security and nutraceutical business in the People's Republic of
China. CTDC's ultimate principal shareholder is China Merchants
Group ( http://www.cmhk.com/ ), one of the most important Chinese
state-owned enterprises in China. 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 Alan Li Chief Executive Officer Tel: +852-3112-8461
Email: Source China Technology Development Group Corporation
CONTACT: Alan Li of China Technology Development Group Corporation,
+852-3112-8461, or Web site: http://www.chinactdc.com/
http://www.cmhk.com/
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