DALIAN, China, Sept. 23 /PRNewswire-Asia/ -- 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 it has hired leading international law firm, Reed Smith LLP as its new U.S. corporate and securities counsel. Reed Smith will handle U.S. securities filings, compliance work and transactions in the U.S. for the rapidly expanding clean technology company, and ensure its compliance in such matters with the Securities and Exchange Commission (SEC).
China Sun is fast emerging as one of the world's leading suppliers of anode materials for lithium ion batteries, and has recently made several moves to increase its production capacity to meet the growing demand for this green technology.
"As we expand into new markets, we were particularly attracted to Reed Smith's strong presence in the U.S., as well as in China, the EU and the Middle East," said China Sun CEO Guosheng Fu, on the retention.
With some 1,600 lawyers worldwide, Reed Smith frequently handles cross-border transactions for Chinese companies and foreign companies doing business in China. The firm has a presence in China that was established in 1980 and has since grown to become one of the largest international law firms in Hong Kong and one of the largest and most active law firms in the Asia Pacific region.
In addition to its broad international platform, Reed Smith is well-known for its financing and regulatory work in the global renewable energy and clean technology sectors.
"We are thrilled at the opportunity to work with China Sun Group, especially at this juncture in which it is poised to capture a significant market share in the growing demanding for Li ion battery materials," said Los Angeles-based attorney Allen Z. Sussman, a partner in Reed Smith's Corporate & Securities Group. Sussman will serve as China Sun's lead outside counsel, and will head the legal team that will guide the company's disclosure and compliance obligations under SEC and stock exchange rules, as well as its ongoing corporate governance issues, complex securities law matters and capital-raising transactions.
About Reed Smith
Reed Smith is a global relationship law firm with nearly 1,600 lawyers in 22 offices throughout the United States, Europe, Asia and the Middle East. Founded in 1877, the firm represents leading international businesses, from Fortune 100 corporations to mid-market and emerging enterprises. Its lawyers provide litigation and other dispute resolution services in multi-jurisdictional and other high-stakes matters; deliver regulatory counsel; and execute the full range of strategic domestic and cross-border transactions. Reed Smith is a preeminent advisor to industries including financial services, life sciences, health care, advertising, technology and media, shipping, energy trade and commodities, real estate, manufacturing, and education. For more information, visit reedsmith.com.
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.
For more information, please contact:
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
Web: http://www.china-sun.cn
Investor Relations Contact:
Mr. Mark Collinson, Partner
CCG Investor Relations
Tel: +1-646-833-3422
Email: mark.collinson@ccgir.com
Web: http://www.ccgirasia.com
