LIAONING PROVINCE, China, May 24 /PRNewswire-FirstCall/ -- Capital Resource Funding Corp. (OTC:CRFU) (BULLETIN BOARD: CRFU) , one of China's largest producers of anode materials for use in lithium ion batteries, announced today it is undergoing the appropriate procedures to change the Corporation's name to China Sun Group High-Tech Co. with a new trading symbol of CHSC. Both the name change and ticker symbol are subject to final approval by the SEC, which the Company expects to receive within 30 days. "Our name change will better reflect our corporate identity, and the significant market opportunities taking place in the high-tech manufacturing sector in China," said Wang Bin, Chairman and CEO of Capital Resource Funding. "The lithium ion battery industry in China is expected to continue to grow at the annual rate of over 30%. As a 'green' energy source, lithium ion batteries are environmentally safe, and offer versatility and superior energy retention to power a variety of applications, including the smallest mobile devices. We believe our name change will impart increased brand recognition among China OEMs, our customers, and our shareholders as we expand our production lines for lithium ion batteries and their components." About Capital Resource Funding, Inc. Capital Resource Funding, Inc., pending a corporate name change to China Sun Group High-Tech Co., produces anode materials used in lithium ion batteries. Lithium ion batteries continue to gain in popularity due to their versatility, high energy density and capacity, high voltage, compact size, lightweight, and excellent energy retention characteristics. They are used in mobile phones, PDAs, laptops, and digital cameras, as well as electric automobiles and solar and wind energy storage units. Capital Resources conducts its operations through its wholly owned subsidiary based in China, Da Lian Xin Yang High-Tech Development Co. Ltd. ("DLX"). DLX primarily produces cobaltosic oxide and lithium cobalt oxide and also engages in the research and development of new technologies to be used in the lithium ion battery market. According to the China Battery Industry Association, DLX has the second largest cobalt series production capacity in China. For more information, visit http://www.china-sun.cn/English/Aboutus.asp. Safe Harbor Statement Statements in this press release which are not historical data are forward-looking statements which involve known and unknown risks, uncertainties or other factors not under the company's control, which may cause actual results, performance or achievements of the company to be materially different from the results, performance or other expectations implied by these forward-looking statements. These factors include, but are not limited to, those detailed in the company's periodic filings with the Securities and Exchange Commission. DATASOURCE: Capital Resource Funding, Inc. CONTACT: Thomas Yang, Assistant to the President for Capital Resource Funding, Inc, U.S., +1-917-432-9350, China, +86 411 8289-7752, fax, 86 411 8289-2739, ; or Investors, Peter Clark of OTC Financial Network, +1-781-444-6100 ext. 629, Web site: http://www.china-sun.cn/ http://www.china-sun.cn/English/Aboutus.asp http://www.otcfn.com/crfu

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