DALIAN, China, Sept. 23 /PRNewswire-Asia-FirstCall/ -- China Sun
Group High-Tech Co. (OTC Bulletin Board: CSGH) ("China Sun Group"
or the "Company"), a vertically integrated supplier of raw
materials for rechargeable Lithium-ion (Li-ion) batteries in China,
today announced that it has hired leading international law firm,
Reed Smith LLP as its new U.S. corporate and securities counsel.
Reed Smith will handle U.S.
securities filings, compliance work and transactions in the U.S.
for the rapidly expanding clean technology company, and ensure its
compliance in such matters with the Securities and Exchange
Commission (SEC).
China Sun is fast emerging as one
of the world's leading suppliers of anode materials for lithium ion
batteries, and has recently made several moves to increase its
production capacity to meet the growing demand for this green
technology.
"As we expand into new markets, we were particularly attracted
to Reed Smith's strong presence in
the U.S., as well as in China, the EU and the Middle East," said China Sun CEO Guosheng Fu, on the retention.
With some 1,600 lawyers worldwide, Reed
Smith frequently handles cross-border transactions for
Chinese companies and foreign companies doing business in China.
The firm has a presence in China that was established in 1980 and
has since grown to become one of the largest international law
firms in Hong Kong and one of the
largest and most active law firms in the Asia Pacific region.
In addition to its broad international platform, Reed Smith is well-known for its financing and
regulatory work in the global renewable energy and clean technology
sectors.
"We are thrilled at the opportunity to work with China Sun
Group, especially at this juncture in which it is poised to capture
a significant market share in the growing demanding for Li ion
battery materials," said Los
Angeles-based attorney Allen Z.
Sussman, a partner in Reed
Smith's Corporate & Securities Group. Sussman will serve
as China Sun's lead outside counsel,
and will head the legal team that will guide the company's
disclosure and compliance obligations under SEC and stock exchange
rules, as well as its ongoing corporate governance issues, complex
securities law matters and capital-raising transactions.
About Reed Smith
Reed Smith is a global
relationship law firm with nearly 1,600 lawyers in 22 offices
throughout the United States,
Europe, Asia and the Middle
East. Founded in 1877, the firm represents leading
international businesses, from Fortune 100 corporations to
mid-market and emerging enterprises. Its lawyers provide litigation
and other dispute resolution services in multi-jurisdictional and
other high-stakes matters; deliver regulatory counsel; and execute
the full range of strategic domestic and cross-border transactions.
Reed Smith is a preeminent advisor
to industries including financial services, life sciences, health
care, advertising, technology and media, shipping, energy trade and
commodities, real estate, manufacturing, and education. For more
information, visit reedsmith.com.
About China Sun Group High-Tech Co.
China Sun Group High-Tech Co. ("China Sun Group") produces anode
materials used in lithium ion batteries. Through its wholly-owned
operating subsidiary, Dalian Xinyang 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 the People's Republic of
China. Through its research and development division, DLX
owns a proprietary series of nanometer technologies that supply
state-of-the-art components for advanced lithium ion batteries.
Leveraging its state-of-the-art technology, high-quality product
line and scalable production capacity, the Company has recently
diversified into the manufacture of LIP and plans to forward
integrate to manufacture of power Li-ion batteries. For more
information, visit http://www.china-sun.cn .
Safe Harbor Statement
The statements contained herein that are not historical facts
are considered "forward-looking statements." 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 Company's ability to become a leading
anode material supplier for Li-ion batteries used in the new energy
automobile industry 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.
For more information, please contact:
Company Contact:
Mr. Guosheng Fu, Vice President
China Sun Group High-Tech Co.
Tel: +86-411-8288-9800 / 8289-2736 (China)
Email: ir@china-sun.cn
Web: http://www.china-sun.cn
Investor Relations Contact:
Mr. Mark Collinson, Partner
CCG Investor Relations
Tel: +1-646-833-3422
Email: mark.collinson@ccgir.com
Web: http://www.ccgirasia.com
SOURCE China Sun Group High-Tech Co.
Copyright . 23 PR Newswire