<SUBMISSION>
<ACCESSION-NUMBER>0001144204-08-025409
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>3
<PERIOD>20080425
<ITEMS>1.01
<ITEMS>5.02
<ITEMS>9.01
<FILING-DATE>20080501
<DATE-OF-FILING-DATE-CHANGE>20080501
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>China Display Technologies, Inc.
<CIK>0000059544
<ASSIGNED-SIC>3640
<IRS-NUMBER>610570920
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>0731
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>000-05767
<FILM-NUMBER>08793354
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>12A BLOCK, XINHE ROAD, XINQIAO NO. 3
<STREET2>INDUSTRIAL ZONE, SHAJING DISTRICT, BAOAN
<CITY>SHENZHEN,
<STATE>F4
<ZIP>150090
<PHONE>5026710010
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>12A BLOCK, XINHE ROAD, XINQIAO NO. 3
<STREET2>INDUSTRIAL ZONE, SHAJING DISTRICT, BAOAN
<CITY>SHENZHEN,
<STATE>F4
<ZIP>150090
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>LINCOLN INTERNATIONAL CORP
<DATE-CHANGED>19920703
</FORMER-COMPANY>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>v112427_8k.htm
<TEXT>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
      to Section 13 or 15(d) of the Securities Exchange Act of 1934 </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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      of
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      DISPLAY TECHNOLOGIES, INC.</strong></font></div>
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      name of registrant as specified in its charter) </font></div>
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                  Incorporation)</font></div>
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                  Number)</font></div>
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      Block, Xinhe Road, Xinqiao No. 3</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Industrial
      Zone, Shajing District, Baoan Town</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Shenzen,
      China 150090</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Registrant's
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Copies
      to:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Asher
      S.
      Levitsky P.C.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font size="2">Jeff
      Cahlon</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Sichenzia
      Ross Friedman Ference LLP</font></div>
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      Broadway</font></div>
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      York,
      New York 10006</font></div>
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      (212) 930-9700</font></div>
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      Written
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    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
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        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

          <tr valign="top" style="line-height: 1.25;">
            <td align="left" style="width: 63pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>ITEM
              1.01</strong></font></td>
            <td align="left">
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>ENTRY
                INTO A MATERIAL DEFINITIVE
                AGREEMENT</strong></font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top" style="line-height: 1.25;">
              <td align="left" style="width: 63pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>ITEM
                5.02</strong></font></td>
              <td align="left">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>DEPARTURE
                  OF DIRECTORS OR CERTAIN OFFICERS; APPOINTMENT OF CERTAIN
                  OFFICERS.</strong></font></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
        April
        25, 2008, Yip Kam Ming resigned as the chief financial officer and secretary
        of
        China Display Technologies, Inc. (the &#8220;Company&#8221;), to pursue other
        interests.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
        April
        30, 2008, the Company elected Jason Ye as the Company&#8217;s chief financial officer
        and secretary, effective May 1, 2008. Mr. Ye, 29, has served as the Company&#8217;s
        financial manager since October 2007. From December 2004 to October 2007,
        Mr. Ye
        served as a financial advisor for several foreign capital corporations and
        Hong
        Kong exchange listed banking companies. From April 2003 to December 2004,
        Mr. Ye
        was senior client manager in the credit department of China Minsheng Banking
        Co., Ltd. Shenzhen Xiangmi Sub-Branch. Mr. Ye holds a Bachelor&#8217;s degree in
        International Finance from South China Normal University.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        Company entered into an employment agreement, effective May 1, 2008, with
        Mr.
        Ye. Pursuant to the employment agreement, Mr. Ye will serve as the Company&#8217;s
        chief financial officer until the employment agreement is terminated. Mr.
        Ye
        will receive a base monthly salary of 30,000 China Yuan (approximately $4,290).
        Following a three month probation period, and during the term thereof, Mr.
        Ye
        will receive an annual bonus equal to one month&#8217;s salary, and will be eligible
        for additional bonus payments and salary increases in the Company&#8217;s
        discretion.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">During
        the term of the employment agreement, the Company shall grant to Mr. Ye 10,000
        shares of the Company&#8217;s common stock per year. The initial grant shall vest in
        nine equal monthly installments, commencing July 31, 2008. Mr. Ye shall be
        eligible for additional annual grants of 10,000 shares, in the Company&#8217;s
        discretion.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">During
        the probationary period, the employment agreement may be terminated for any
        reason by either party without any prior notice and without payment of any
        severance. Thereafter, the employment agreement may be terminated by either
        party for any reason on not less than 30 days&#8217; written notice, provided that the
        Company may elect to terminate the employment agreement forthwith upon payment
        of one month&#8217;s base salary.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>ITEM
      9.01</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>FINANCIAL
      STATEMENTS AND EXHIBITS.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 18pt;">
            </td>
            <td align="left" style="width: 99pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Exhibit</font></td>
            <td align="left">
              <div align="left">&#160;</div>
            </td>
          </tr>

      </table>
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              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Employment
                Agreement, dated as of May 1, 2008, by and between China Display
                Technologies, Inc., and Jason Ye</font></font></div>
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                release, dated April 30,
                2008</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><a name="page_7"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>SIGNATURES</strong></font></a></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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      to the requirements of the Securities Exchange Act of 1934, the registrant
      has
      duly caused this report to be signed on its behalf by the undersigned hereunto
      duly authorized. </font></div>
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            <td width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
            <td width="49%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
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                DISPLAY TECHNOLOGIES, INC.</strong></font></div>
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            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
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                May 1, 2008</font>&#160;</div>
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            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">By:&#160;&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">/s/
              Lawrence Kwok-Yan Chan&#160;</font></td>
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              <hr style="COLOR: black" align="left" noshade size="2" width="80%"><font size="2">Lawrence
              Kwok-Yan Chan</font></td>
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                Executive Officer</font>&#160;</div>
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<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>v112427_ex10-1.htm
<TEXT>
<html>
  <head>
    <title>
      Unassociated Document
</title><!-- Licensed to: vf-->
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<!-- Copyright 2006 EDGARfilings, Ltd., an IEC company.-->
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    <div>&#160;</div>
    <div><br>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>EMPLOYMENT
        AGREEMENT</u></strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>AGREEMENT</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
        dated as
        of the 1st day of May, 2008, by and among China Display Technologies, Inc.,
        a
        Delaware corporation with its principal office at 12A Block, Xinhe Road,
        No. 3
        Xinqiao, Industrial Zone, Shajing District, Baoan Town, Shenzhen, China
        150090</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(the
        &#8220;Company&#8221;), and Ye Chang Hao, an individual residing at Chaozhou ,Guangdong
        ,China(&#8220;Executive&#8221;).</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>W
        I T
        N E S S E T H:</u></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>WHEREAS</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">,
        the
        Company desires to engage Executive to serve at its chief financial officer
        on
        and subject to the terms of this Agreement;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>NOW,
        THEREFORE</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">,
        in
        consideration of the mutual promises set forth in this Agreement, the parties
        agree as follows:</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">1.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Employment
        and Duties</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(a)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Subject
        to the terms and conditions hereinafter set forth, the Company hereby employs
        Executive as chief financial officer, during the Term, as hereinafter defined.
        As chief financial officer of the Company, Executive shall have the duties
        and
        responsibilities associated with the chief financial officer of a public
        corporation. Executive shall report to the Company&#8217;s chief executive officer.
        Executive shall also perform such other duties and responsibilities as may
        be
        determined by the Company&#8217;s board of directors (the &#8220;Board&#8221;), as long as such
        duties and responsibilities are consistent with those of the Company&#8217;s chief
        financial officer. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(b)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        &#8220;Probation Term&#8221; shall mean the period commencing on May 01, 2008 and ending on
        July 31, 2008. The &#8220;Term&#8221; shall mean the period commencing on July 31, 2008 and
        continuing thereafter until terminated pursuant to Section 5 of this
        Agreement.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">2.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Executive&#8217;s
        Performance</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
        Executive hereby accepts the employment contemplated by this Agreement. During
        the Term, Executive shall perform his duties diligently, in good faith and
        in a
        manner consistent with the best interests of the Company, and shall devote
        substantially all of his business time to the performance of his duties under
        this Agreement. In the course of his employment, Executive shall comply with
        all
        policies, including Codes of Ethics, that are applicable to the Company&#8217;s
        officers in general and chief financial and accounting officers, in
        particular.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Compensation
        and Other Benefits</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(a)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">For
        his
        services during the Probation Term and during the Term, the Company shall
        pay
        Executive a salary (&#8220;Salary&#8221;) at the monthly rate of thirty thousand China Yuan
        (RMB 30,000). Salary payments shall be payable monthly in arrears in accordance
        with the Company&#8217;s policy on executive compensation. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(b)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Executive
        shall not be entitled to any fringe benefits during the Probation Term. During
        the Term, Executive shall receive, in addition to Salary, the following
        benefits:</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 108pt; LINE-HEIGHT: 1.25"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(i)
        </font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">An
        annual
        bonus equal to one month&#8217;s salary, payable in December of each year, based on
        the monthly salary in effect on November 30 of the year.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 108pt; LINE-HEIGHT: 1.25"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(ii)
        </font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Such
        benefits as are available to Company employees.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center">&#160;</div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 108pt; LINE-HEIGHT: 1.25"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(iii)
        </font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Ten
        days
        paid sick leave annually. If such sick leave exceeds two days in any one
        month,
        the Executive must provide a physician&#8217;s certificate describing the reasons for
        the sick leave, which the Company may in its sole discretion approve or
        disapprove.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 108pt; LINE-HEIGHT: 1.25"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(iv)
        </font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Twelve
        days paid leave annually. Such paid leave may not be carried over or be
        exchanged for cash. Executive shall schedule his leave in a manner consistent
        with his duties as chief financial officer, including his services required
        in
        connection with the Company&#8217;s filings with the United States Securities and
        Exchange Commission, and the Company&#8217;s vacation policy.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 108pt; LINE-HEIGHT: 1.25"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(v)
        </font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Eligibility
        to participate in any employee stock option plan or other equity participation
        plans that are available to employees of the Company, it being understood
        that
        the grant of options or other equity-based incentives is in the discretion
        of
        the compensation committee of the board of directors.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(c)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">During
        the Term, Executive shall be eligible for such bonuses payments and increases
        in
        Salary as shall be determined by the Compensation Committee in its sole
        discretion.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(d)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        Company shall grant to Executive10,000 shares (the &#8220;Grant&#8221;) per year during the
        Term. The initial Grant shall vest in nine equal monthly installments,
        commencing July 31, 2008 through. The Company shall make an additional 10,000
        share Grant of the commencement of the Term, provided that Executive shall
        be
        employed by the Company as chief financial officer on that date. Executive
        shall
        be eligible for additional annual Grants of 10,000 shares, in the discretion
        of
        the Compensation Committee. The terms of the Grants shall be set forth in
        the
        Instrument of Grant from the Company to the Executive. If this Agreement
        is
        terminated pursuant to Section 5, any non-vested Shares shall be automatically
        forfeited to the Company unless the Company otherwise notifies the Executive.
        Upon notice from the Company of such forfeiture, the Executive shall immediately
        return to the Company any stock certificate that evidences non-vested Shares
        and
        shall execute and all such documents and instruments to all the Company to
        reacquire the forfeited Shares. The certificates for these shares shall include
        an appropriate legend referring to the forfeiture provisions of the
        Grant.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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        of Expenses</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
        The
        Company shall reimburse Executive, upon presentation of proper expense
        statements, for all authorized, ordinary and necessary out-of-pocket expenses
        reasonably incurred by Executive during the Term in connection with the
        performance of his services pursuant to this Agreement in accordance with
        the
        Company&#8217;s expense reimbursement policy.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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        of Employment</u></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(a)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">During
        the Probation Term, this Agreement and Executive&#8217;s Employment, may be terminated
        by the Company or Executive for any reason and without any prior notice.
        No
        severance pay shall be payable to Executive for termination during the Probation
        Term.</font></div>
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      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(b)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">During
        the Term, this Agreement and Executive&#8217;s employment pursuant to this Agreement
        may be terminated by the Executive or the Company on not less than 30 days&#8217;
written notice, provided that the Company may elect to terminate this Agreement
        and the Executive&#8217;s employment pursuant to this Agreement forthwith upon payment
        to the Executive one month&#8217;s Salary. </font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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        Secrets and Proprietary Information</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(a)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Executive
        recognizes and acknowledges that the Company, through the expenditure of
        considerable time and money, has developed and will continue to develop in
        the
        future confidential information. &#8220;Confidential information&#8221; shall mean all
        information of a proprietary or confidential nature relating to Covered Persons,
        including, but not limited to, such Covered Person&#8217;s trade secrets or
        proprietary information, confidential know-how, and marketing, services,
        products, business, research and development activities, inventions and
        discoveries, whether or not patentable, and information concerning such Covered
        Person&#8217;s services, business, customer or client lists, proposed services,
        marketing strategy, pricing policies and the requirements of its clients
        and
        relationships with its lenders, suppliers, licensors, licensees and others
        with
        which a Covered Person has a business relationship, financial or other data,
        technical data or any other confidential or proprietary information possessed,
        owned or used by the Company, the disclosure of which could or does have
        a
        material adverse effect on the Company, its businesses, any business in which
        it
        proposes to engage. Executive agrees that he will not at any time use or
        disclose to any person any confidential information relating to Company;
        provided, however, that nothing in this Section 6(a) shall be construed to
        prohibit Executive from using or disclosing such information if he can
        demonstrate that such information (i) became public knowledge other than
        by or
        as a result of disclosure by a person not having a right to make such disclosure
        or (ii) was disclosure that was authorized by the Company. The term &#8220;Covered
        Person&#8221; shall include the Company, any subsidiaries and affiliates and any other
        person who provides information to the Company pursuant to a secrecy or
        non-disclosure agreement.</font></div>
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      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(b)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
        the
        event that any confidential information is required to be produced by Executive
        pursuant to legal process (including judicial process or governmental
        administrative subpoena), Executive shall give the Company notice of such
        legal
        process within a reasonable time, but not later than ten business days prior
        to
        the date such disclosure is to be made, unless Executive has received less
        notice, in which event Executive shall immediately notify the Company. The
        Company shall have the right to object to any such disclosure, and if the
        Company objects (at the Company&#8217;s cost and expense) in a timely manner so that
        Executive is not subject to penalties for failure to make such disclosure,
        Executive shall not make any disclosure until there has been a court
        determination on the Company&#8217;s objections. If disclosure is required by a court
        order, final beyond right of review, or if the Company does not object to
        the
        disclosure, Executive shall make disclosure only to the extent that disclosure
        is required by the court order, and Executive </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">will
        exercise reasonable efforts at the Company&#8217;s expense, to obtain reliable
        assurance that confidential treatment will be accorded the confidential
        information.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(c)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Executive
        shall, upon expiration or termination of the Term, or earlier at the request
        of
        the Company, turn over to the Company or destroy all documents, papers, computer
        disks or other material in Executive&#8217;s possession or under Executive&#8217;s control
        which may contain or be derived from confidential information. To the extent
        that any confidential information is on Executive&#8217;s hard drive or other storage
        media, he shall, upon the request of the Company, cause either such information
        to be erased from his computer disks and all other storage media or otherwise
        take reasonable steps to maintain the confidential nature of the
        material.</font></div>
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      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(d)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Executive
        further realizes that any trading in Company&#8217;s common stock or other securities
        or aiding or assisting others in trading in Company&#8217;s common stock or other
        securities, including disclosing any non-public information concerning Company
        or its affiliates to a person who uses such information in trading in the
        Company&#8217;s common stock or other securities, may constitute a violation of
        federal and state securities laws. Executive will not engage in any transactions
        involving the Company&#8217;s common stock or other securities while in the possession
        of material non-public information in a manner that would constitute a violation
        of federal and state securities laws.</font></div>
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      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(e)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">For
        the
        purposes of Sections&#160;6, 7 and 8 of this Agreement, the term &#8220;Company&#8221; shall
        include the Company, and any subsidiaries and affiliates.</font></div>
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      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">7.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Covenant
        Not To Solicit or Compete</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(a)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">During
        the period from the date of this Agreement until one year following the date
        on
        which Executive&#8217;s employment is terminated, Executive will not, directly or
        indirectly:</font></div>
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      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 108pt; LINE-HEIGHT: 1.25"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(i)
        </font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">persuade
        or attempt to persuade any person which is or was a customer, client or supplier
        of the Company to cease doing business with the Company, or</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>&#160;</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">to
        reduce
        the amount of business it does with the Company (the terms &#8220;customer&#8221; and
&#8220;client&#8221; as used in this Section&#160;7 to include any potential customer or
        client to whom the Company submitted bids or proposals, or with whom the
        Company
        conducted negotiations, during the term of Executive&#8217;s employment or consulting
        relationship hereunder or during the twelve (12) months preceding the
        termination of his employment or consulting relationship, as the case may
        be);</font></div>
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      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 108pt; LINE-HEIGHT: 1.25"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(ii)
        </font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">solicit
        for himself or any other person other than the Company the business of any
        person which is a customer or client of the Company, or was a customer or
        client
        of the Company within one (1) year prior to the termination of his employment
        or
        consulting relationship;</font></div>
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      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 108pt; LINE-HEIGHT: 1.25"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(iii)
        </font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">persuade
        or attempt to persuade any employee of the Company, or any individual who
        was an
        employee of the Company during the one (1) year period prior to the lawful
        and
        proper termination of this Agreement, to leave the Company&#8217;s employ, or to
        become employed by any person in any business in the PRC whether as an officer,
        director, consultant, partner, guarantor, principal, agent, employee, advisor
        or
        in any manner, which directly competes with the business of the Company as
        it is
        engaged in at the time of the termination of this Agreement, unless, at the
        time
        of such termination or thereafter during the period that the Executive is
        bound
        by the provisions of this Section 7, the Company ceases to be engaged in
        such
        activity, provided, however, that nothing in this Section&#160;7 shall be
        construed to prohibit the Executive from owning an interest of not more than
        five (5%) percent of any public company engaged in such activities.</font></div>
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      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(b)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Executive
        will not, during or after the Probation Term or the Term, make any disparaging
        statements concerning the Company, its business, officers, directors and
        employees that could injure, impair, damage or otherwise affect the relationship
        between the Company, on the one hand, and any of the Company&#8217;s employees,
        suppliers, customers, clients or any other person with which the Company
        has or
        may conduct business or otherwise have a business relationship of any kind
        and
        description; provided, however, that this sentence shall not be construed
        to
        prohibit either from giving factual information required to be given pursuant
        to
        legal process, subject to the provisions of Section 6(b) of this Agreement.
        The
        Company will not make any disparaging statements concerning Executive. This
        Section 7(b) shall not be construed to prohibit the either party from giving
        factual information concerning the other party in response to inquiries that
        such party believes are bona fide.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(c)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        Executive acknowledges that the restrictive covenants (the &#8220;Restrictive
        Covenants&#8221;) contained in Sections&#160;6 and 7 of this Agreement are a condition
        of his employment and are reasonable and valid in geographical and temporal
        scope and in all other respects. If any court determines that any of the
        Restrictive Covenants, or any part of any of the Restrictive Covenants, is
        invalid or unenforceable, the remainder of the Restrictive Covenants and
        parts
        thereof shall not thereby be affected and shall remain in full force and
        effect,
        without regard to the invalid portion. If any court determines that any of
        the
        Restrictive Covenants, or any part thereof, is invalid or unenforceable because
        of the geographic or temporal scope of such provision, such court shall have
        the
        power to reduce the geographic or temporal scope of such provision, as the
        case
        may be, and, in its reduced form, such provision shall then be
        enforceable.</font></div>
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      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(d)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Nothing
        in this Section 7 shall be construed to prohibit Executive from owning a
        passive, non-management interest of less than 5% in any public company that
        is
        engaged in activities prohibited by this Section 7.</font></div>
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      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">8.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Injunctive
        Relief</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
        Executive agrees that his violation or threatened violation of any of the
        provisions of Sections&#160;6 or 7 of this Agreement shall cause immediate and
        irreparable harm to the Company. In the event of any breach or threatened
        breach
        of any of said provisions, Executive consents to the entry of preliminary
        and
        permanent injunctions by a court of competent jurisdiction prohibiting Executive
        from any violation or threatened violation of such provisions and compelling
        Executive to comply with such provisions. This Section&#160;8 shall not affect
        or limit, and the injunctive relief provided in this Section&#160;8 shall be in
        addition to, any other remedies available to the Company at law or in equity
        or
        in arbitration for any such violation by Executive. The provisions of Sections
        6, 7 and 8 of this Agreement shall survive any termination of this Agreement
        and
        Executive&#8217;s employment and consulting relationship pursuant to this
        Agreement.</font></div>
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      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">9.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Indemnification</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
        The
        Company shall provide Executive with indemnification to the maximum extent
        permitted by the Company&#8217;s certificate of incorporation, by-laws and applicable
        law. </font></div>
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        by the Executive</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
        Executive represents, warrants, covenants and agrees that he has a right
        to
        enter into this Agreement, that he is not a party to any agreement or
        understanding, oral or written, which would prohibit performance of his
        obligations under this Agreement, and that he will not use in the performance
        of
        his obligations hereunder any proprietary information of any other party
        which
        he is legally prohibited from using.</font></div>
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        notice, consent or communication required under the provisions of this Agreement
        shall be given in writing and sent or delivered by hand, overnight courier
        or
        messenger service, against a signed receipt or acknowledgment of receipt,
        or by
        registered or certified mail, return receipt requested, or telecopier or
        similar
        means of communication if receipt is acknowledged or if transmission is
        confirmed by mail as provided in this Section&#160;11(b), to the parties at
        their respective addresses set forth at the beginning of this Agreement,
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        notice to the Company being sent to the attention of the individual who executed
        this Agreement on its behalf. Any party may, by like notice, change the person,
        address or telecopier number to which notice is to be sent.</font></div>
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        party or circumstance shall, to any extent, be determined to be invalid or
        unenforceable, the remainder of this Agreement, or the application of such
        term,
        covenant or condition to parties or circumstances other than those as to
        which
        it is held invalid or unenforceable, shall not be affected thereby and each
        term, covenant or condition of this Agreement shall be valid and be enforced
        to
        the fullest extent permitted by law, and any court or arbitrator having
        jurisdiction may reduce the scope of any provision of this Agreement, including
        the geographic and temporal restrictions set forth in Section&#160;7 of this
        Agreement, so that it complies with applicable law.</font></div>
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        Agreement constitutes the entire agreement of the Company and Executive as
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        or
        oral understandings or agreements, including any and all previous employment
        agreements or understandings, all of which are hereby terminated, with respect
        to the subject matter covered in this Agreement. This Agreement may not be
        modified or amended, nor may any right be waived, except by a writing which
        expressly refers to this Agreement, states that it is intended to be a
        modification, amendment or waiver and is signed by both parties in the case
        of a
        modification or amendment or by the party granting the waiver. No course
        of
        conduct or dealing between the parties and no custom or trade usage shall
        be
        relied upon to vary the terms of this Agreement. The failure of a party to
        insist upon strict adherence to any term of this Agreement on any occasion
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        Agreement may be executed in counterparts, each of which when so executed
        and
        delivered will be an original document, but both of which counterparts will
        together constitute one and the same instrument. </font></div>
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        WITNESS WHEREOF</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">,
        the
        parties have executed this Agreement as of the date first above
        written.</font></div>
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        <table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" width="100%">

            <tr valign="top" bgcolor="#ffffff">
              <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
              <td width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
              <td width="49%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
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              <td colspan="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: "><strong>CHINA
                DISPLAY TECHNOLOGIES, INC.</strong></font></td>
            </tr>
            <tr valign="top" bgcolor="#ffffff">
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
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              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">By:&#160;&#160;</font></td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">/s/
                Lawrence Kwok-Yan Chan&#160;</font></td>
            </tr>
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              <td align="left">
                <hr style="COLOR: black" align="left" noshade size="2" width="80%"><font size="2">Lawrence
                Kwok-Yan Chan, Chief Executive
                Officer</font></td>
            </tr>

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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">
        <table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" width="100%">

            <tr valign="top" bgcolor="#ffffff">
              <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
              <td width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
              <td width="49%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
            </tr>
            <tr valign="top" bgcolor="#ffffff">
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">By:&#160;&#160;</font></td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">/s/
                Ye
                Chang Hao&#160;</font></td>
            </tr>
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              <td align="left">
                <hr style="COLOR: black" align="left" noshade size="2" width="80%"><font size="2">Ye
                Chang Hao</font></td>
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        <div id="PN">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">-
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            -</font></div>
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            <hr style="COLOR: black" noshade size="2">
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>v112427_ex99-1.htm
<TEXT>
<html>
  <head>
    <title>
      Unassociated Document
</title><!-- Licensed to: vf-->
<!-- Document Created using EDGARizer HTML 3.0.4.0 -->
<!-- Copyright 2006 EDGARfilings, Ltd., an IEC company.-->
<!-- All rights reserved EDGARfilings.com -->
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  <body bgcolor="#ffffff"><br>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td align="left" valign="top" width="37%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Company
                Contact:</font></div>
            </td>
            <td align="left" valign="top" width="37%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Investor
                Relations Contact:</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="37%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Mr.
                Jason Wong</font></div>
            </td>
            <td align="left" valign="top" width="37%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Mr.
                Crocker Coulson</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="37%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Executive
                Vice President</font></div>
            </td>
            <td align="left" valign="top" width="37%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">President</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="37%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">China
                Display Technologies, Inc.</font></div>
            </td>
            <td align="left" valign="top" width="37%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CCG
                Elite Investor Relations</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="37%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Tel:
                +852-9257-8928</font></div>
            </td>
            <td align="left" valign="top" width="37%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Tel:
                +1-646-213-1915 (NY office)</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="37%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Email:
                </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>jason@suny.hk</u></font></div>
            </td>
            <td align="left" valign="top" width="37%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Email:
                </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>crocker.coulson@ccgir.com</u></font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong><em><u>FOR
      IMMEDIATE RELEASE</u></em></strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>China
      Display Technologies Appoints New CFO</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Shenzhen,
      China, April 30, 2008 - China Display Technologies, Inc. (OTC Bulletin Board:
      CDYT) (&#8220;China Display&#8221;, or &#8220;the Company&#8221;), 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.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Mr.
      Jason
      Ye has served as the Company&#8217;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&#8217;s degree
      in International Finance from South China Normal University. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8220;I
      am
      honored to be a part of China Display during this time of rapid growth and
      strong performance,&#8221; commented Mr. Ye. &#8220;I look forward to adding my experience
      and expertise to an already impressive management team.&#8221;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8220;After
      his previous service with us, we are pleased to promote Jason Ye to the CFO
      position,&#8221; commented Mr. Lawrence Chan, CEO of China Display. &#8220;His in-depth
      accounting experience enhances our finance, operations and business strategies
      and continues to make him a valuable part of our team.&#8221;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>About
      China Display Technologies, Inc.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">China
      Display Technologies, Inc. through its wholly-owned subsidiary Suny Electronics
      (Shenzhen) Company Limited (&#8220;SUNY&#8221;) 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.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Safe
      Harbor Statement</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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&#8217;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&#8217;s periodic reports that are
      filed with the Securities and Exchange Commission and available on its website
      (</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">www.sec.gov</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">).
      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.</font></div>
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