DALIAN, China, April 11, 2011 /PRNewswire-Asia-FirstCall/ --
China Sun Group High-Tech Co. (OTC Bulletin Board: CSGH) ("China
Sun Group" or the "Company"), a vertically-integrated supplier of
anode materials for rechargeable Lithium-ion (Li-ion) batteries in
China, today announced that the
Company hosted a delegation of 27 senior corporate executives from
Denmark who visited China Sun
Group during their trip to Dalian
city, seeking cooperative business opportunities.
The Denmark delegation, led by
two leading investment firms specialized in clean tech: Jackson
FamilieInvest (http://familieinvest.dk), and Upstream Invest
(http://www.upstreaminvest.com/da), spent an entire day on
April 6 with China Sun Group. Both
Jackson FamilieInvest and Upstream Invest are long-term
shareholders of the Company. The delegation visited the company and
the R&D center, accompanied by Mr. Guosheng Fu, CEO of the Company, who introduced
the company history and laid out the blueprint for China Sun
Group's future development.
According to Mr. Guosheng Fu, the
CEO of China Sun Group, "For most of the delegates, it was their
first time visiting China Sun Group. The group members showed a
great deal of interest in our products and their potential in the
rapidly emerging demand for clean tech and clean energy. It was a
very important and meaningful first step for the Danish investors
to become informed about the Company and to begin a dialogue about
the prospects for strategic opportunities between their various
organizations and the Company."
Wancai Li, Mayor of Dalian,
introduced the City's economic and social development progress and
advantages to the delegation, and expressed the desire to further
promote cooperative opportunities with Denmark and its business community in various
ways to promote commercial trade. In addition, the Minister of the
United Front Work Department in Dalian, a governmental agency responsible for
communication with other mass organization also participated in the
event, and was available to the delegation to answer any questions
regarding the labor and business environment in Dalian.
Mr. Guosheng Fu, the CEO of China
Sun Group, commented, "China is
fast becoming the global leader for clean tech and clean energy.
The Chinese clean tech industry has plenty of potential to build
globally-competitive companies, and China Sun Group is one of them.
Denmark is the world's
indisputable clean tech center, with their extensive experience and
track record in the clean tech industry at the highest levels. We
look forward to the cooperative opportunities with them and welcome
investors like FamilieInvest and Upstream Invest to make strategic
investments in our Company. A thriving Chinese clean tech industry
depends on more than just technological innovation. We are
committed to build a strong domestic market and attract more
investors home and abroad in the clean tech industry."
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
("LIP"). 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
further integrate to manufacture 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.
CONTACT
CORPORATE:
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China Sun Group High-Tech Co.
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Mr. Guosheng Fu, CEO
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Tel: 86-411-8288-9800
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ir@china-sun.cn
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www.china-sun.cn
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INVESTOR
RELATIONS:
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Cooper Global
Communications
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Mr. Richard E. Cooper,
President
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rcooper@cgc-us.com
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Ms. Sabrina Zhang,
Associate
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szhang@cgc-us.com
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Tel: 212-317-1400
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SOURCE China Sun Group High-Tech Co., Ltd.