SHENZHEN, China, March 19 /PRNewswire-Asia/ -- China Information Security Technology, Inc. (Nasdaq: CPBY) ("CIST" or the "Company"), a leading total solutions provider of digital security, GIS and digital hospital information systems in China, today announced that the Company's Chairman and Chief Executive Officer, Mr. Jianghuai Lin, was elected as deputy chairman of the China Overseas Listed Corporations Association (COLCA).
COLCA is a non-profit organization whose members are Chinese corporations that are listed or intend to list on overseas exchanges, such as NASDAQ, AMEX, NYSE, HKE, AIM, and others. COLCA is committed to: Promoting business co-operation between members, exchanging ideas with relevant institutions and organizations, reducing financing costs and expenses for listed companies, enhancing investor confidence in member companies, providing special service programs to members, voicing member suggestions to government authorities, protecting legal interests on overseas stock markets, raising awareness of Chinese corporations listed overseas, contributing to the overseas investment activities of Chinese corporations, and complying with laws and regulations of the People's Republic of China and laws and regulations of the listing countries and regions,
During the conference, which was held in Beijing and was jointly sponsored by more than 40 Chinese corporations, members granted unanimous approval to the Articles of Association of COLCA and elected the first 19-member council. Mr. Xianzhang Wang was elected as the chairman of COLCA during the council's first 3-year session. Mr. Wang is the dean of the Insurance Academy of China Central University of Finance and Economics, the former chairman of China Insurance association, and the former Chairman and CEO of China Life Insurance Company Limited.
Mr. Lin commented, "We are pleased to join this association. We all share a common interest in promoting our companies in overseas markets, and we look forward to potentially working much more closely with each other in the future."
Please refer to COLCA's website (www.colca.org.cn) for more information.
List of the first council of COLCA (in alphabetical order):
3SBio Inc.
China Digital TV Holding Co., Ltd.
China Education Group
China Information Security Tech
China Interactive Education, Inc.
China Ritar Power Corp Inc.
China Valves Technology, Inc.
China Wonder Limited
Daqing Longheda Food Company Limited
Global Education & Technology Group
Hollysys Automation Technologies, Ltd.
Jiangsu Fengye Electric Power Environmental Protection Group
Jinheng Automotive Safety System Co., Ltd.
Jinzhou Yangguang Energy Co., Ltd.
Pansoft Company Limited
Sino Dragon New Energy Holdings Limited
SORL Auto Parts, Inc.
Wonder Auto Technology, Inc.
Yuhe International Inc.
About China Information Security Technology, Inc.
China Information Security Technology, Inc., together with its subsidiaries, is a total solution provider of digital security, geographic information, and hospital information systems in the People's Republic of China. Headquartered in Shenzhen, China, the Company's total solutions include specialized software, hardware, systems integration, and related services organized into three business segments - Digital Information Security Technology ("DIST"), Geographic Information Systems ("GIS"), and Digital Hospital Information System ("DHIS"). To learn more about the Company, please visit its corporate website at http://www.chinacpby.com .
For further information, please contact:
China Information Security Technology, Inc.
Iris Yan
Tel: +86-755-8370-4767
Email: ir@chinacpby.com
Web: http://www.chinacpby.com
Christensen
Kathy Li
Tel: +1-480-614-3036
Email: kli@christensenir.com
Roger Hu
Tel: +86-158-1049-5326
Email: rhu@christensenir.com
