China Technology Announces Change of Directors and Officers
May 23 2007 - 10:46AM
PR Newswire (US)
HONG KONG, May 23 /Xinhua-PRNewswire-FirstCall/ -- China Technology
Development Group Corporation (Nasdaq: CTDC; "CTDC" or the
"Company") announced today that Mr. Changshan Zhao has resigned as
Executive Director and Chairman of Board of Directors of the
Company (the "Board"). Mr. Kang Li, who joined the Company as Chief
Investment Officer with effect from March 26, 2007, was appointed
as Executive Director of the Company by the Board, with effect from
May 23, 2007. Mr. Alan Li, Executive Director and Chief Executive
Officer of the Company, was elected and appointed as Chairman of
the Board, with effect from May 23, 2007. The Company further
announced that Mr. Yibing Zhang has resigned from the position of
Chief Financial Officer and Company Secretary, whose resignation
was approved by the Board, with effect from May 15, 2007. There
were no disagreements between Mr. Zhang and the Company on any
matter relating to the Company's operations, policies or practices
which resulted in his resignation. The Board has authorized the
Company's Nominating Committee to immediately identify an
appropriate candidate to fill the vacancy left by Mr. Zhang. The
Board has appointed Mr. Kang Li as Acting Chief Financial Officer
and Company Secretary and he will serve as Acting Chief Financial
Officer and Company Secretary upon appointment of new Chief
Financial Officer and Company Secretary. About CTDC: CTDC is
engaged in information network security and nutraceutical business
in China. CTDC's ultimate principal shareholder is China Merchants
Group ( http://www.cmhk.com/ ), one of the leading 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: DATASOURCE: 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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