HONG KONG, July 21 /Xinhua-PRNewswire-FirstCall/ -- China Technology Development Group Corporation (Nasdaq: CTDC; "CTDC" or the "Company") announced that the Company received a letter on July 19, 2006 from the Nasdaq Stock Market indicating that as a result of the Company's failure to file with the Securities and Exchange Commission the Company's Annual Report on Form 20-F for the fiscal year ended December 31, 2005, the Company is not in compliance with the Nasdaq requirements for continued listing set forth in Nasdaq Marketplace Rule 4320(e)(12). Nasdaq Marketplace Rule 4320(e)(12) requires the Company to make on a timely basis all filings with the Securities and Exchange Commission, as required by the Securities Exchange Act 1934, as amended. Accordingly, the Company's securities are subject to delisting from the Nasdaq Stock Market beginning at the opening of business on July 28, 2006. The Company will make its best endeavor to file its Form 20-F before July 28, 2006 in order to maintain its continued listing on Nasdaq. If the Company is not able to do so, it plans to appeal the Nasdaq Staff's determination by requesting a hearing before the Nasdaq Listing Qualifications Panel, which would automatically stay the delisting of the Company's common stock pending the Panel's review and determination. There can be no assurance that the Panel will grant the Company's request for continued listing. About CTDC : CTDC is engaged in providing information network security solutions in People's Republic of China. With the acquisition of China Natures Technology Inc. in October 2005 ("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 , or Web site: http://www.chinactdc.com/

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