China Technology Announces Appointment of Principal Consultant
February 07 2006 - 7:15AM
PR Newswire (US)
HONG KONG, Feb. 7 /Xinhua-PRNewswire-FirstCall/ -- China Technology
Development Group Corporation (Nasdaq: CTDC; "CTDC" or the
"Company") announced the appointment of Mr. Guang Xun Xu as the
Principal Consultant of the Company, mainly responsible for
corporate financing and investor relations. Mr. Xu is now a
consultant providing Greater China Region with package USA and UK
listing services, including pre-IPO restructuring, PP and strategic
investments, IPO per se, corporate governance, regulatory
compliance, post-IPO IR, M & A, and Project Financing. For the
10-year period from 1994 to 2004, Mr. Xu served as the Managing
Director of the NASDAQ Stock Market International. During his
service with NASDAQ, he was responsible for keeping in touch with
potential NASDAQ issuers in China, Taiwan, Hong Kong and Korea for
the promotion of NASDAQ in the region, giving consulting services
in relation to access to the US capital market including advising
on pre IPO restructuring and financing, private placement, M &
A, debt and equity financing, post IPO compliance and IR exercise,
etc. Prior to joining NASDAQ, Mr. Xu was Senior Vice President and
Resident Representative of Ka Wah Bank Ltd at its London
Representative Office. He held various positions in Bank of China
between 1980 and 1989, including Deputy General Manager, Bank of
China and Harbin International Trust and Consultancy. Mr. Xu
graduated from Huadong Normal University, Shanghai and the
Institute of Far East and Siberian Studies, Heilongjiang Province
Academy of Social Science, China, and City of London Polytechnic,
London. He holds an MBA degree from Middlesex Business School,
Middlesex University, London. Mr. Xu is experienced in corporate
and project financing, pre-IPO restructuring, private placements,
strategic investment and listing services. 'Mr. Xu's deep exposure
in the capital markets of China and the US will certainly help
improve our shareholders' communication,' said Mr. Changshan Zhao,
Chairman of the Company. 'We strongly believe that Mr. Xu's joining
will undoubtedly contribute to the Company's future development,
help strengthen investor relations, secure shareholders' interest
and enhance the Company's transparency,' further said Chairman
Zhao. About CTDC : CTDC is engaged in providing information network
security solutions in People's Republic of China. With the recent
acquisition of China Natures Technology Inc. ('CNT', formerly
Future Solutions Development Inc.), which develops health food
products utilizing bio-active components of bamboo, CTDC also
entered the Chinese nutraceutical market. CTDC's 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 news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
The statements regarding CTDC contained in this press release that
are not historical in nature, particularly those that utilize
terminology such as 'may,' 'will,' 'should,' 'likely,' 'expects,'
'anticipates,' 'estimates,' 'believes,' or 'plans,' or comparable
terminology, are forward-looking statements. Forward-looking
statements are based on current expectations and assumptions, and
entail various risks and uncertainties that could cause actual
results to differ materially from those expressed in such
forward-looking statements. Important factors known to CTDC that
cause actual results to differ materially from those expressed in
such forward-looking statements are identified and discussed in
CTDC's filings with the Securities and Exchange Commission.
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 , Web site:
http://www.chinactdc.com/
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