HARBIN, China, March 19, 2012 /PRNewswire-Asia-FirstCall/ -- China XD Plastics Company Limited (NASDAQ: CXDC, "China XD Plastics" or the "Company"), one of China's leading specialty chemical players engaged in the development, manufacture, and sale of modified plastics primarily for automotive applications, today announced that it will release financial results for the fiscal year ended December 31, 2011 before the NASDAQ market open on Monday, March 26, 2012.
The earnings release will be available on the investor relations page of the Company's website at http://cxdc.irpage.net/events-presentations_en.html.
Following the release of the earnings announcement, China XD Plastics' senior management will host a conference call on Monday, March 26, 2011 at 6:00 am (U.S. Pacific Time) / 9:00 am (U.S. Eastern Time) / 9:00 pm (HK / Beijing Time) to discuss its fourth quarter 2011 financial results.
The conference call may be accessed by calling +1-866-519-4004 (for callers in the U.S.) or +65-6723-9381 (for international callers) and entering pass code 62701970. Please dial in approximately 10 minutes before the scheduled time of the call.
A recording of the conference call will be available through April 3, 2012, by calling +1-866-214-5335 (for callers in the U.S.) or +61-282-355-000 (for callers outside the U.S.) and entering pass code 62701970.
A live webcast and replay of the conference call will be available on the investor relations page of the Company's website at http://www.chinaxd.net.
About China XD Plastics Company Limited
China XD Plastics Company Limited, through its wholly-owned subsidiary, Harbin Xinda Macromolecule Material ("Xinda"), develops, manufactures, and sells modified plastics, primarily for automotive applications. The Company's products are used in the exterior and interior trim and in the functional components of more than 23 automobile brands manufactured in China, including AUDI, BMW, Toyota, Buick, Mazda, VW, Geely, and Hafei new energy vehicles. The Company's wholly-owned research center is dedicated to the research and development of modified plastics, and benefits from its cooperation with well-known scientists from prestigious universities in China. As of December 31, 2011, 211 of Xinda's products have been certified for use by one or more of the automobile manufacturers in China. For more information please visit http://www.chinaxd.net.
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company's ability to raise additional capital to finance the Company's activities; the effectiveness, profitability, and the marketability of its products; legal and regulatory risks; the Company's ability to execute its growth strategy; the future trading of the common stock of the Company; the Company's ability to operate as a public company; the period of time for which its current liquidity will enable the Company to fund its operations; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the Company's operating results and financial condition; the Company's ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the Company's filings with the Securities and Exchange Commission and available on its website at http://www.sec.gov. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
Contacts:
China XD Plastics
Mr. Taylor Zhang, CFO (New York)
Phone: +1-212-747-1118
Email: cxdc@chinaxd.net
Mr. Allan Lao, IR Manager (Harbin)
Phone: +86-451-8434-6600
Email: chinaxd@chinaxd.net
