SHENZHEN, China, Jan. 16 /Xinhua-PRNewswire-FirstCall/ -- China Display Technologies, Inc. (OTC Bulletin Board: CDYT) (“China Display”, or “the Company”), a leading manufacturer of optoelectronic products, specializing in small- to mid-sized LED and CCFL backlight units for LCD displays in China, today announced it entered into an agreement to appoint Mr. Kam Ming Yip as its Chief Financial Officer effective January 15, 2008.
Mr. Yip has nearly 20 years’ experience in the fields of accounting, auditing and financial control. He has served as Chief Financial Officer and Secretary since 2005 for Andrew Liu & Co. Ltd, a marine insurance brokerage firm listed on the OTCBB. Mr. Yip also served for three years as Group Financial Controller of Intac International Holdings Ltd., a NASDAQ listed company. Previously, he held positions as Controller, Accountant and Auditor with several other companies in Hong Kong. Mr. Yip is a fellow member with the Chartered Association of Certified Accountant. He holds a Bachelor’s degree in Accounting from Curtin University of Technology and a Master’s degree in Corporate Finance from Hong Kong Polytechnic University.
“I am very pleased to be joining China Display during this time of rapid growth and strong performance,” commented Mr. Yip. “I look forward to adding my experience and expertise to an already impressive management team.”
“Mr. Yip brings strength in leadership, international experience and corporate finance to China Display,” commented Mr. Lawrence Chan, Chief Executive Officer of China Display. “Mr. Yip’s in-depth financial experience will enhance our finance operations and business strategies and make him a valuable addition to our team.”
About China Display Technologies, Inc.
China Display Technologies, Inc. through its wholly-owned subsidiary Suny Electronics (Shenzhen) Company Limited (“SUNY”) in China, designs, manufactures and markets small- to mid-sized Light Emitting Diode (LED) and Cold Cathode Fluorescent Lamp (CCFL) backlights for various types of Liquid Crystal Displays (LCDs). Its products have applications in electronic consumer products, such as mobile phones, PDAs, GPS systems, portable DVD/VCD players, MP3s and MP4s, medical equipment and household appliances with displays. SUNY was organized in November 2004 and started operations in 2005. It has experienced rapid growth and became a publicly-traded company, listed on the OTC market, through a reverse merger in September 2007. The Company has 600 employees, with manufacturing facilities and management located in Shenzhen, China.
Safe Harbor Statement
This release contains certain "forward-looking statements" relating to the business of the Company and its subsidiary companies. These forward looking statements are often identified by the use of forward-looking terminology such as "believes, expects" or similar expressions. Such forward looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website ( http://www.sec.gov ). All forward-looking statements attributable the Company or to persons acting on its behalf are expressly qualified in their entirety by these factors other than as required under the securities laws. The Company does not assume a duty to update these forward-looking statements.
For more information, please contact:
Company Contact:
Mr. Jason Wong
Executive Vice President
China Display Technologies, Inc.
Tel: +852-9257-8928
Email: jason@suny.hk
Investor Relations Contact:
Mr. Crocker Coulson
President
CCG Elite Investor Relations
Tel: +1-646-213-1915 (NY office)
Email: crocker.coulson@ccgir.com
