RNS Number:5855X
China Shoto plc
01 June 2007


Press Release                                                       1 June 2007



                                China Shoto plc



                         ("China Shoto" or "the Group")





      PTB manufacturing facility extension commences commercial production



Further to the announcement made on 29 March 2007, China Shoto plc (AIM:CHNS), a
leading Chinese producer of industrial batteries and power supply systems, is
pleased to announce that 15,768 square metre extension to the Group's current
power type battery ("PTB") manufacturing facility at its wholly owned subsidiary
Jiangsu Best Power Supply Co. has commenced production ahead of schedule.



Construction for the extension to the PTB manufacturing facility was due to be
completed in June with production commencing in September 2007, however due to
an accelerated programme of works, the construction has been completed earlier
than anticipated.



Cao Guifa, Executive Chairman of China Shoto plc, said: "We are delighted to
report that this extension to the PTB manufacturing facility has completed ahead
of schedule and we believe that the increased capacity that it now provides
China Shoto will allow the Group to generate an additional 40% in revenues
relating to the PTB product.



"The extension to the facility was necessary to meet the increased demand for
our power type VRLA batteries which are used for powering electric bicycles and
it has increased our production levels to 24,000 units per day from 18,000."



China Shoto expects the electric bicycle market in China will continue to grow.
According to the latest statistics from the Jiangsu Bicycle Association, the
production volume of the electric bicycle manufacturers in 2006 increased by
more than 78% compared to that of 2005.  The Group believes that this growing
demand is generated both by the need for cheap and efficient transportation and
the desire to switch to greener alternatives.



                                    - Ends -



For further information:
China Shoto plc
Cao Guifa, Executive Chairman                     Tel: +44 (0) 20 7398 7700
                                                         www.chinashoto.com


Seymour Pierce Limited
Stuart Lane / John Depasquale                     Tel: +44 (0) 20 7107 8000
jdp@seymourpierce.com                                 www.seymourpierce.com



Media enquiries:
Abchurch
Henry Harrison-Topham / Ariane Comstive           Tel: +44 (0) 20 7398 7702
henry.ht@abchurch-group.com                          www.abchurch-group.com










                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

MSCOKDKKFBKDQPN
-3x Short China (LSE:CHNS)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more -3x Short China Charts.
-3x Short China (LSE:CHNS)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more -3x Short China Charts.