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China Sun Group-High Tech Co. Hosts Denmark Investment Delegation Meeting to Promote Cooperative Business Opportunities

2011-04-12 03:21 930

DALIAN, China, April 12, 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:

 
 

China Sun Group High-Tech Co.  

 
 

Mr. Guosheng Fu, CEO  

 
 

Tel: 86-411-8288-9800

 
 

ir@china-sun.cn

 
 

www.china-sun.cn

 
 

 
 

INVESTOR RELATIONS:

 
 

Cooper Global Communications

 
 

Mr. Richard E. Cooper, President

 
 

rcooper@cgc-us.com

 
 

Ms. Sabrina Zhang, Associate

 
 

szhang@cgc-us.com

 
 

Tel: 212-317-1400

 
 
 
Source: China Sun Group High-Tech Co.
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Keywords: Chemical
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