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China Sun Group CEO Interviewed by Dalian TV

2010-11-04 20:00 947

DALIAN, China, Nov. 4, 2010 /PRNewswire-Asia-FirstCall/ -- China Sun Group High-Tech Co. (OTC Bulletin Board: CSGH) ("China Sun Group" or the "Company"), a vertically integrated supplier of raw materials for rechargeable Lithium–ion (Li-ion) batteries in. China, today announced that its Chief Executive Officer Mr. Guosheng Fu was interviewed by Dalian TV for its program "Great Potential in the New Materials Sector."

Dalian TV recently visited China Sun's manufacturing plant to report on China Sun's contributions to Dalian's economic growth. Below is an excerpt of the interview:

Journalist: This is the workshop of Dalian Xinyang High-Tech Development Co., Ltd (the Company) and the two product samples in my hand are the battery anode materials that they have produced. The two samples might look the same, but the one on the left is called cobaltosic oxide which applies to the manufacture of computers and cell phones. The other one is called lithium iron phosphate (LIP) which applies to the manufacture of new energy vehicle batteries. Therefore, their target markets are totally different.

Mr. Fu: Cobaltosic oxide is the first generation of battery anode materials and its market demand has reached its full potential. However, lithium iron phosphate is currently the most advanced third generation high performance lithium battery anode material. The profit margins for lithium iron phosphate are three times that of the past generation of products; whereas, and its production costs are roughly one third that of the prior generation. The Company currently has 3 production lines for the new products and its total output value for next year is expected to be more than RMB100 million. Furthermore, with the great support from governments at different levels, the Company has grown very fast in recent years with annual R&D expense at more than RMB1 million.

Mr. Fu: Without the past investment in R&D activities, the Company would not be where it is today. If we do not continue to execute our strategy of continuous improvement or manufacture new products or adapt to the ever-changing industry currents, it will be very hard for our company to survive in the industry.

"We are extremely honored to have the Dalian TV report our story," commented Mr. Guosheng Fu about the coverage.  "China Sun's management will continue to build on its strong business foundation, to expand its Lithium Iron Phosphate production capacity to 700 tons from current 500 tons with a goal to sell 600 tons in fiscal year 2011.  China Sun expects to benefit from favorable government policies to continue to grow its revenue and profits.  Looking to the future, we expect to be able to list our shares on a senior exchange without the need for a reverse stock split."

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. 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 forward integrate to manufacture of 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.

Company Contact:
Mr. Guosheng Fu, Vice President
China Sun Group High-Tech Co.
Tel: 86 411 8288 9800/8289 2736 (China)
Email: ir@china-sun.cn
Website: www.china-sun.cn
Investor Relations Contact:
Mr. Mark Collinson, Partner
CCG Investor Relations
Tel: 310-954-1343
Email: mark.collinson@ccgir.com
Website: www.ccgirasia.com
Source: China Sun Group High-Tech Co.
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