LIAONING PROVINCE, China, March 18 /PRNewswire-FirstCall/ -- China Sun Group High-Tech Co. (OTC:CSGH) (BULLETIN BOARD: CSGH) , which through its majority- owned subsidiary Da Lian Xin Yang High-Tech Development Co. Ltd ("DLX") has the second largest cobalt series production capacity in the People's Republic of China, announced today that following six months of research by its internal technical staff, DLX has unveiled a new white steel, highly efficient, water magnetic iron remover. The remover reduces iron pollution by eliminating large quantities of broken metal bits produced during normal machine operations, hence producing better quality finished end products. The remover is now operational in all DLX equipment. "The adoption of this equipment not only increases our products' performance, but also decreases their iron content to less than 0.004%. According to the People's Republic of China Nonferrous Metals Industry Standard Schedule II, the percentage of iron in cobaltosic oxide should be less than 0.01%. We have exceeded these standards for environmental protection. We believe that we have created a reliable foundation for battery products' conductibility and safety and this should lead to greater acceptance of our products by the marketplace," said Wang Bin, CEO and President of the China Sun Group High-Tech Co. About China Sun Group High-Tech Co. China Sun Group High-Tech Co., formerly known as Capital Resource Funding, produces anode materials used in lithium ion batteries. Through its majority- owned operating subsidiary, Da Lian Xin Yang High-Tech Development Co. Ltd ("DLX"), the company primarily produces cobaltosic oxide and lithium cobalt oxide. According to the China Battery Industry Association, DLX has the second largest cobalt series production capacity in China. Through its R&D group, DLX owns a proprietary series of nanometer technologies that supply state-of-the- art components for advanced lithium ion batteries. Leveraging its technological leadership in China, high-quality product line and scalable production capacity, DLX plans to create a fully integrated supply chain from the primary manufacturing of cobalt ore to finished products, including lithium ion batteries. For more information, visit http://www.china-sun.cn/English/Aboutus.asp. Safe Harbor Statement The statements contained herein that are not historical facts are considered "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Such forward-looking statements may be identified by, among other things, the use of forward-looking terminology such as "believes," "expects," "may," "will," "should," or "anticipates" or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. In particular, statements regarding the potential growth of the markets are examples of such forward-looking statements. The forward-looking statements include risks and uncertainties, including, but not limited to, the effect of political, economic, and market conditions and geopolitical events; legislative and regulatory changes that affect our business; the availability of funds and working capital; the actions and initiatives of current and potential competitors; investor sentiment; and our reputation. We do not undertake any responsibility to publicly release any revisions to these forward-looking statements to take into account events or circumstances that occur after the date of this report. Additionally, we do not undertake any responsibility to update you on the occurrence of any unanticipated events, which may cause actual results to differ from those expressed or implied by any forward-looking statements. The factors discussed herein are expressed from time to time in our filings with the Securities and Exchange Commission available at http://www.sec.gov/. DATASOURCE: China Sun Group High-Tech Co. CONTACT: Thomas Yang, Assistant to the President of China Sun Group, +1-917-432-9350, , or Geoff Eiten, Investor Relations of OTC Financial Network, +1-781-444-6100, Ext.613, Web site: http://www.china-sun.cn/ http://www.china-sun.cn/English/Aboutus.asp http://www.otcfn.com/csgh

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