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Company
Contact:
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Investor
Relations Contact:
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Mr.
Jason Wong
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Mr.
Crocker Coulson
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Executive
Vice President
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President
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China
Display Technologies, Inc.
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CCG
Elite Investor Relations
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Tel:
+852-9257-8928
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Tel:
+1-646-213-1915 (NY office)
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Email:
jason@suny.hk
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Email:
crocker.coulson@ccgir.com
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FOR
IMMEDIATE RELEASE
China
Display Technologies Appoints New CFO
Shenzhen,
China, April 30, 2008 - 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 the appointment
of
Mr. Jason Ye as its Chief Financial Officer. Mr. Ye replaced the previous CFO,
Mr. Kam Ming Yip, who resigned to pursue other interests.
Mr.
Jason
Ye has served as the Company’s Finance Manager since October 2007. Prior to
joining China Display, he acted as the financial advisor for several foreign
capital corporations and Hong Kong exchange listed banking companies. From
2003
to 2004, he was Senior Client Manager in the Credit Department of China Minsheng
Banking Co., Ltd. Shenzhen Xiangmi Sub-Branch. Mr. Ye holds a Bachelor’s degree
in International Finance from South China Normal University.
“I
am
honored to be a part of China Display during this time of rapid growth and
strong performance,” commented Mr. Ye. “I look forward to adding my experience
and expertise to an already impressive management team.”
“After
his previous service with us, we are pleased to promote Jason Ye to the CFO
position,” commented Mr. Lawrence Chan, CEO of China Display. “His in-depth
accounting experience enhances our finance, operations and business strategies
and continues to make him a valuable part of 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 800 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
(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.
###