HARBIN, China, July 20 /PRNewswire-Asia/ -- China XD Plastics Company Ltd. ("China XD Plastics" or the "Company") (Nasdaq: CXDC), the largest Chinese manufacturer engaged in the development, manufacture and distribution of modified plastics primarily for use in automotive applications in China, announced today that it has hired Taylor Rafferty, LLC ("TR"), a leading investor relations advisory agency, to assist in its plan to enhance its market profile and further consolidate its position as the leading manufacturer of modified plastics for automotive applications in China. China XD Plastics has hired TR to replace its previous consultant, CCG Investor Relations, as part of its initiative to upgrade its investor relations program.
About China XD Plastics Company Ltd.
China XD Plastics Company Ltd., through its wholly owned subsidiary Harbin Xinda Macromolecule Material ("Xinda"), develops, manufactures, and distributes modified plastics, primarily for use in the production of automobile parts and components. The Company's specialized plastics are used to produce exterior parts, such as automobile bumpers, rearview and sideview mirrors, license plate, interior parts, such as door panels, dashboard, steering wheel, glove compartment and safety belt components, and functional components, such as air conditioner casing, heating and ventilation casing, engine covers, and air ducts. Our specialized plastics are utilized in more than 30 automobile brands manufactured in China, including Audi, Red Flag, Volkswagen, and Mazda. The Company's wholly-owned research institute is dedicated to the research and development of modified plastics, and benefits from the cooperation with well-known scientists from prestigious universities in China. At present, 152 of 263 of Harbin Xinda's automotive-specific modified plastic products have been certified by one or more of the automobile manufacturers in China. For more information please visit http://www.chinaxd.net .
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company's ability to increase the number of certifications; the Company's ability to introduce new product applications for automobiles; the effectiveness, profitability, and the marketability of its products; the Company's ability to successfully expand its production capacity; the company's ability to protect its proprietary information; general economic and business conditions; the volatility of the company's operating results and financial condition; the company's ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the company's filings with the Securities and Exchange Commission and available on its website at http://www.sec.gov. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the companies and the industry. The company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the company believes that the expectations expressed in these forward looking statements are reasonable, they cannot assure you that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
For more information, please contact:
China XD Plastics Company Ltd.
Mr. Taylor Zhang, CFO
Tel: +1-212-747-1118 (New York)
Mr. Allan Lao, IR Director
Tel: +86-451-84346600 (Harbin)
Email: cxdc@chinaxd.net
Taylor Rafferty (US):
Mahmoud Siddig, Director
Tel: +1-212-889-4350
Email: ChinaXD@Taylor-Rafferty.com
