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    CDTC - Partner beim Qaidam-Projekt - 500 Beiträge pro Seite

    eröffnet am 05.01.09 10:06:01 von
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      schrieb am 05.01.09 10:06:01
      Beitrag Nr. 1 ()
      Gratulation an Innsolar, der die Bude schon vor 8 Monaten auf dem Schirm hatte:

      Thread: China Technology Development Group Corporation (CTDC)
      Avatar
      schrieb am 05.01.09 10:06:51
      Beitrag Nr. 2 ()
      17.09.2008 17:08
      Dutton Associates Announces Investment Opinion: China Technology Development Strong Speculative Buy Rating In Initiating Coverage By Dutton Associates

      Dutton Associates initiates coverage of China Technology Development (News) (Nasdaq: CTDC) with a Strong Speculative Buy rating and a $6.80 price target. The 19-page report by Dutton senior analyst Paul J. Resnik, CFA is available at www.jmdutton.com as well as from First Call, Bloomberg, Capital IQ, FactSet, Knobias, and other leading financial portals.

      The increasingly strong economic and environmental rationale for photovoltaic solar power has been reflected in the rapid growth of investment in this sector. So much so that despite the impressive expansion of demand it is now widely expected that within the next few years there will be solar panel production overcapacity. We believe, however, that the solar industry is in a dynamic state in which advancing technologies will support applications that will alter the demand outlook. In this context, we believe that China Technology Development has the opportunity to participate in evolving technologies that will broaden the market for solar power. We further believe that China Technology's acquisition of the rights to proprietary technology will put the Company in a strong competitive position which will be particularly important during any periods of industry overcapacity. At this time, China Technology is just starting up its first production line for the manufacture of base plates for solar panels. However, we expect rapid additions to production capacity as 2009 progresses will enable the Company to turn profitable as early as 2009 2Q. As this potential for growth becomes increasingly apparent and as investors become more aware of the benefits accruing to the Company from its relationship with China Merchants Group, a massive stat-owned enterprise that owns 32% of China Technology, we believe the shares have the potential for appreciation in coming quarters.
      Avatar
      schrieb am 05.01.09 10:07:29
      Beitrag Nr. 3 ()
      QAIDAM-WÜSTE
      Chinesen planen größtes Solarkraftwerk der Welt

      Es ist ein ambitionierter Plan: Im Nordwesten Chinas soll eine gigantische Solarfarm entstehen. Das Kraftwerk könnte bis zu einem Gigawatt Strom liefern - und hätte damit doppelt so viel Leistung wie die bisher größte angekündigte Photovoltaik-Anlage in Kalifornien.

      Hamburg/Hongkong - Zwei chinesische Unternehmen haben den Bau eines Solarkraftwerks angekündigt, das mittelfristig das größte der Welt werden könnte. Die China Technology Development Group (CTDG) und die Qinghai New Energy Group erklärten am Freitag, zunächst 150 Millionen Dollar für eine 30-Megawatt-Anlage für Photovoltaik im Qaidam-Becken zu investieren.
      ROHSTOFFREICHES QAIDAM-BASIN: CHINAS SCHATZTRUHE

      *
      *
      *

      Fotostrecke starten: Klicken Sie auf ein Bild (6 Bilder)

      Komplett ausgebaut werde das Werk einen Gigawatt Strom produzieren. Ein Zeitrahmen wurde nicht genannt. Analyst Pavel Molchanov von Raymond James sagte, das bislang größte angekündigte Photovoltaik-Kraftwerk sei eine 500-Megawatt-Anlage der Firmen OptiSolar und der PG&E in Kalifornien gewesen.

      Das Qaidam-Becken liegt im Nordwesten Chinas. CTDG erklärte, die in der Provinz Qinghai gelegene Salzwüste sei aufgrund ihrer vielen Sonnentage der ideale Standort für eine große Solaranlage. Das Becken ist bereits stark industrialisiert, da sich in der Region umfangreiche Vorkommen an Gas, Erdöl und Leichtmetallen befinden.

      Die Ein-Gigawatt-Anlage wäre zwar die größte der Welt, in Relation zum gesamten in Deutschland erzeugten Solarstrom ist die Leistung jedoch überschaubar: Ende 2007 lag die Gesamtleistung aller in Deutschland installierten Solaranlagen laut Wikipedia bei 4,150 Gigawatt.

      MEHR ÜBER...
      Solarenergie Qaidam- Becken Qinhai Photovoltaik
      zu SPIEGEL WISSEN
      Die Aktien von Solar-Unternehmen legten nach der Ankündigung deutlich zu. Die Titel von CTDG stiegen an der Nasdaq um 29 Prozent, die Papiere des US-Solarausrüsters GT Solar International legten um knapp 25 Prozent zu. Die Solar-Branche wurde zuletzt durch die Kreditmarktkrise und den stark gefallenen Ölpreis belastet.
      Avatar
      schrieb am 05.01.09 10:21:34
      Beitrag Nr. 4 ()
      ...die Präsentation ist sehr interessant! Man fertigt keine a-Si Module, sondern nur das TCO-Glas. Schöne Marktübersicht.

      http://www.chinactdc.com/english/Investor/Investor%20Present…
      Avatar
      schrieb am 14.01.09 09:28:58
      Beitrag Nr. 5 ()
      Chinese thin-film provider nails down $36M credit line
      Primezone Media Network (13. Januar 2009)

      HONG KONG, Jan 13, 2009 (GlobeNewswire via COMTEX) -- China Technology Development Group Corporation (Nasdaq:CTDC) ("CTDC" or "the Company"), a provider of solar energy products and solutions in China focusing on a-Si thin film technology, today announced that the Company's wholly-owned subsidiary, China Merchants Zhangzhou Development Zone Trenda Solar Energy Ltd. ("Trenda Solar"), has received a commitment of credit line up to RMB 250,000,000, or US$36,000,000 from China Construction Bank, a leading commercial bank in China.

      Fujian Branch of China Construction Bank is providing this credit line to the Company, subject to certain terms and conditions, for expanding CTDC's existing manufacture facility in Xiamen Bay Solar City.

      "We are extremely pleased to receive this credit line facility from China Construction Bank, which demonstrates China Construction Bank's recognition to our company and strong support for management's goal to become one of leading thin-film PV producers and application solutions providers in China," said Mr. Gary Leung, Chief Financial Officer of CTDC. "We expect that the credit line will not only accelerate our current expansion of thin film PV production lines in the solar city, but also enables us to eventually supply solar products to Qaidam Basin solar power plant which we announced recently."

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      schrieb am 19.01.09 14:24:48
      Beitrag Nr. 6 ()
      China Technology Announces Proposed Offering of US$20 Million Convertible Notes
      of Its Subsidiary

      HONG KONG – January 16, 2009 - China Technology Development Group Corporation
      (Nasdaq: CTDC; "CTDC" or "the Company"), a provider of solar energy products and
      solutions in China focusing on a-Si thin film technology, today announced that
      China Green Holdings Ltd. (the “CGHL”), a wholly-owned subsidiary of the
      Company, entered into a memorandum of understanding regarding convertible notes
      in the principal of US$20 million of CGHL with CMTF Asset Management Limited
      (the “MOU”) . Pursuant to the MOU, the CGHL intends to offer, subject to market
      and other conditions, approximately an aggregate principal amount of US$20
      million convertible notes due 2013 with interest rate equal to Hong Kong Prime
      Rate per annum, in a private offering to CMTF Asset Management Limited and its
      affiliated sophisticated investors (the “Investors”). CMTF Asset Management
      Limited is a joint venture held by China Merchants Securities Investment Limited
      and Taifook Fund Managers Limited.

      In certain circumstances, the notes will be convertible into, at discretion of
      the Investors, the ordinary shares of CGHL (the “CGHL Shares”) which will
      represent 15% of the entire issued share capital and voting right in the CGHL,
      or the common shares of CTDC (the “CTDC Shares”) with a conversion price at
      US$3.01 per share. CGHL expects to use the net proceeds from the offering of the
      notes for expansion of its manufacturing operations, the Qaidam Basin solar
      power plant project as well as working capital.

      A full version of the MOU is attached as exhibit to the Company’s SEC filing by
      6-k. The terms of the Convertible Notes will be determined and finalized upon
      execution of a definitive subscription agreement in relation to the subscription
      and issue of the Convertible Notes on or before February 20, 2009.

      This notice does not constitute an offer to sell or the solicitation of an offer
      to buy any securities and shall not constitute an offer, solicitation or sale in
      any jurisdiction in which such offer, solicitation or sale would be unlawful.
      Any offers of the notes will be made only by means of a private offering
      memorandum.




      About CTDC:
      CTDC is a provider of solar energy products and solutions in China focusing on
      a-Si thin-film technology. CTDC’s ultimate principal shareholder is China
      Merchants Group (http://www.cmhk.com), one of the biggest state-owned
      conglomerates in China.
      Avatar
      schrieb am 29.01.09 11:41:59
      Beitrag Nr. 7 ()
      Habe mir ein paar Guckstücke in Frankfurt geholt.
      Avatar
      schrieb am 29.01.09 11:51:08
      Beitrag Nr. 8 ()
      Antwort auf Beitrag Nr.: 36.303.364 von meinolf67 am 05.01.09 10:07:29CTDC to Build 30MW On-Grid Solar Power Station in Qaidam Basin

      HONG KONG – January 2, 2009 - China Technology Development Group Corporation (Nasdaq: CTDC; "CTDC" or "the Company"), a provider of solar energy products and solutions in China focusing on a-Si thin film technology, announced that the Company and Qinghai New Energy Group Co., Ltd (“QNE”) have signed an agreement with local government of Qinghai Haixi Mongolian-Tibetan Autonomous Region to build a 30MW on-grid solar power station in Qaidam Basin of northwestern China. The signing ceremony was held at Xining, the capital city of Qinghai Province, and many important government leaders, including Mr. Luo Yulin, Vice Governor of Qinghai Province and Mayor of Xining, attended the event.

      Under the agreement, CTDC and QNE will design, construct and manage the solar power station. The local government of Haixi Region will provide strong support to CTDC and QNE, such as helping them obtain various local and central government backed incentives and providing land.

      The installed power-generating capacity of the first phase of Qaidam solar power station come to 30 MW and the total long-term objective of the project up to 1GW. The Qaidam solar power station, the first of kind in China to integrate crystalline silicon and thin-film solar modules, will be the largest on-grid solar power station in China after fully completion. CTDC and QNE will begin construction of the project in 2009 with initial investment of US$ 150 million.

      With ample sunshine, vast desert landmass and broad power grids, Qaidam Basin, is generally regarded as one of optimal locations in China to build large scale on-grid solar power plant. In 2005, Chinese government approved to establish Qinghai’s Qaidam as a special Economic Experimental Zone to develop circular economy and renewable energy projects. Qaidam Circular Economic Experimental Zone is the biggest circular economic experimental zone in China, covering an area of 256,000 square kilometers.

      “The ambitious plan to build such as large scale solar power plant is a significant step for Qinghai Province to develop and deploy solar energy by taking full advantage of our abundance in solar and desert resources of Qaidam Basin,” commented by Mr. Luo Yulin, Vice Governor of Qinhas Province and Mayor of Xining. “It also reflects the commitment by our government to meet the challenges posed by climate change with reliable and renewable energy.”

      “With the recognition and commitment of Chinese government to developing renewable energy technology, we expect that domestic solar energy and application market will expand rapidly in the near future,” commented by Mr. Alan Li, Chairman and CEO of CTDC. “The signing of Qaidam solar power plant project is another great milestone for CTDC management and shareholders. CTDC, along with our great partner QNE, will apply our combined experience and technology to ensure the successful launch of our initial 30MW project in 2009.”
      Avatar
      schrieb am 17.02.09 15:48:33
      Beitrag Nr. 9 ()
      CTDC receives fund for SnO2 TCO Project from Chinese Government
      Posted by Debasish Choudhury on 16 February 2009 at 06:58

      China Technology Development Group Corporation, a provider of solar energy products and solutions in China focusing on a-Si thin film technology, announces that CTDC has been awarded a fund of RMB 600,000, or US$88,000 from Fujian Province, a Chinese local government, for its SnO2 TCO Base Plate project. These proceeds, in the form of free appropriation, will be used to fund corporate R&D in PV technology. The Company plans to cooperate with local universities to train up technical personnel, so as to further improve the technological innovative capability of CTDC.

      Mr. Yuanheng Zhu, Director of Photoelectric Office of China Merchants Zhangzhou Development Zone ("the Development Zone"), said that local government will positively support CTDC's development in the solar industry, especially SnO2 TCO project. He said: "CTDC's expansion in solar business will create new jobs for the Development Zone. We hope the Company will continue to take a leading role to move our Development Zone closer to green community, and make the Development Zone into a leading solar industrial park in China."

      "We truly want to thank governments at all levels for their great support to our company. The fund granted to CTDC reflects government recognition to our technology and innovation. We aim to train a large number of technical personnel and accelerate technical innovation to meet the development of solar sector," commented Mr. Gary Leung, Chief Financial Officer of CTDC.

      For more information, please visit our website at http://www.chinactdc.com.
      Avatar
      schrieb am 16.05.09 10:39:25
      Beitrag Nr. 10 ()
      China Technology's subsidiary closed offering of US $10 million convertible note

      Posted by Debasish Choudhury on 13 May 2009 at 10:36


      China Technology Development Group Corporation, a provider of solar energy products and solutions in China focusing on a-Si thin film technology, today announced that China Green Holdings Limited, a wholly-owned subsidiary of the Company, has closed the offering of convertible note in principal amount US $10 million on May 12, 2009, pursuant to a subscription agreement entered into by and among the Company, China Green Industry Group Ltd., China Green Holdings Ltd. (CGHL), and CMTF Private Equity One (the "Subscriber") on April 28, 2009.

      The CGHL intends to use the net proceeds of the note offering for the expansion of solar business, especially for the development of Qaidam solar plant project. "The China government has unveiled its support for solar power electricity generation through a variety of policy measures, such as the national subsidies to Building Integrated Photovoltaics (BIPV) announced by the Ministry of Finance on March 26, 2009. We believe these measures would stimulate the growth of solar market in China, and will substantially accelerate the development of our Qaidam solar plant project," commented Mr. Alan Li, Chief Executive Officer of CTDC.

      A full version of the form of the Subscription Agreement and other relevant transaction agreements has been filed with SEC as exhibits to the Company's report in Form 6-K.

      About CTDC

      CTDC is a provider of solar energy products and solutions in China focusing on a-Si thin-film technology. CTDC's ultimate principal shareholder is China Merchants Group (http://www.cmhk.com), one of the biggest state-owned conglomerates in China.
      Avatar
      schrieb am 30.06.09 08:34:11
      Beitrag Nr. 11 ()
      ...das sind 1.000 Euro Umsatz...:(


      Comparison of Years ended December 31, 2008, 2007 and 2006
      Revenues. The Company’s Solar Energy Operations generated Rmb10,000 of revenues in 2008 from one customer. The
      Company entered the solar energy industry in September 2007, completed the installation of its first SnO2 thin-film base
      plate production line in June 2008 and completed testing of its first production line in December 2008, Accordingly, the
      Company generated no revenues from its Solar Energy Operations in 2007 or 2006. Revenues generated by the Company’s
      discontinued operations for 2008, 2007 and 2006 are included in (loss) profit from discontinued operations for each of
      those years.
      Cost of sales. Cost of sales for the Company’s Solar Energy Operations was RMB20,000 in 2008. There were no cost of
      sales for the Company’s Solar Energy Operations in 2007 or 2006. Cost of Sales for the Company’s discontinued
      operations in 2008, 2007 and 2006 are included in (loss) profit from discontinued operations for each of those years.
      Gross profit (loss). Gross profit (loss) for the Company’s Solar Energy Operations was RMB(10,000) primarily due to
      low prices offered to new customers to promote sales.
      Research and development expenses. Research and development expenses for the Company’s Solar Energy Operations was
      RMB0.1 million in 2008 primarily consisting of expenses incurred from significant improvements and refinements to
      existing products. There were no research and development expenses for the Company’s Solar Energy Operations in 2007
      or 2006.
      General and administrative expenses. General and administrative expenses decreased by Rmb0.30 million, or 1.2 %, from
      Rmb24.50 million in 2007 to Rmb24.20 million in 2008. This decrease was primarily due to a Rmb7.05 million, or
      62.5%, decrease in legal and other professional fees, a Rmb1.58 million, or 49.4%, decrease in audit fees and a
      Rmb0.56 million, or 35.9%, decrease in travel and entertainment expenses, partially offset by an RMB7.06 million, or
      136%, increase in salaries and benefits expenses, an Rmb0.01 million, or 1.03%, increase in rental expenses, and a
      Rmb1.66 million, or 361%, increase in depreciation expense. The decrease in legal and other professional fees resulted
      from (i) decrease in the corporate and securities matters and transactions, (ii) enhancement of internal personnel for
      corporate government, compliance and legal matters, and (iii) change of external attorney since 2007 regarding legal advice
      and other services. The decrease in audit fees resulted from (i) decrease in current auditor fee and (ii) decrease in number of
      accounting firms required to issue auditing consent. The decrease in travel and entertain expenses resulted from
      (i) strengthening our control over costs and expenses for employees in 2008; and (ii) recruiting more local staff in our
      Solar Energy Operations. The increase in salaries and benefits expense resulted from Rmb6.20 million of an additional
      stock-based compensation expense and an increase in headcount of our Solar Energy Operations. The increase in rental
      expenses resulted from increase in rental charges related to our Corporate Office. The increase in depreciation expense
      resulted from the purchase of additional property, plant and equipment, as well as the expansion of our Solar Energy
      Operations.
      General and administrative expenses decreased by Rmb6.28 million, or 20.4%, from Rmb30.78 million in 2006 to
      Rmb24.50 million in 2007. This decrease was primarily due to a Rmb15.0 million, or 74.2%, decrease in salaries and
      benefits expense, partially offset by an Rmb5.28 million increase in legal and other professional fees, an Rmb1.04 million
      increase in travel and entertainment expenses, an Rmb1.04 increase in audit fees, an Rmb0.5 million, or 106.38%,
      increase in rental charges and an Rmb0.18 million increase in depreciation charges. The decrease in salaries and benefits
      expenses resulted from decrease in stock-based compensation recognized in 2007. The increase in legal and other
      professional fees resulted from (i) 400,000 warrants issued to consultants for their service rendered, (ii) Sox 404 internal
      control consulting service, (iii) increase in legal fee in relation to corporate and securities matters and (iv) 250,000 stock
      options granted to consultants for their service rendered. The increase in travel and entertainment expenses resulted from
      frequent travel by our management relating to the establishment of our new production base in China in 2007. The
      increase in audit fees resulted from the change of auditor in 2007 and the increase in number of accounting firms required
      to issue auditing consent. The increase in rental charges resulted from the Company’s move to a bigger office. The
      decrease in salaries and benefits expense resulted from a decrease in stock-based compensation expense. The increase in
      depreciation charges resulted from an increase in property, plant and equipment relating to the incorporation of Zhangzhou
      Trendar Tech.
      Other income (expense). Other expense for 2008 consisted primarily of: (i) Rmb14.1 million of loss on disposal of
      available-for-sale securities; (ii) Rmb15.2 million of impairment of available-for-sale securities; (iii) Rmb1.23 million of
      change in fair value of warrant liabilities and (iv) Rmb0.5 interest expenses related to overdraft from security account.
      Other income (expense) for 2007 consisted primarily of: Rmb15.4 million of gain on disposal of available-for-sale
      securities, Rmb0.48 million exchange loss on bank account denominated in Hong Kong dollars. Other expense for 2006
      consisted primarily of a Rmb0.5 million loss on disposal of available-for-sale securities.
      Avatar
      schrieb am 28.07.09 23:28:56
      Beitrag Nr. 12 ()
      Form 6-K

      Proposed Convention of 2009 Annual Meeting of Shareholders
      China Technology Development Group Corporation (Nasdaq: CTDC; “CTDC” or “the Company”), a provider of solar energy products and solutions in China focusing on a-Si thin film technology, today announced that, on July 17, 2009, the Company’s Board of Directors (the “Board”) approved the matters and business to be acted upon at the 2009 annual meeting of shareholders (the “2009 AGM”). The Board agreed that the 2009 AGM will be held at the Company’s offices on September 11, 2009, Hong Kong time and the close of business on July 17, 2009, New York time, has been fixed as the record date for the determination of shareholders entitled to receive the notice of and vote at the 2009 AGM or any adjournments thereof. The proxy statement and other proxy materials will be available on the Internet, or mailed upon request, around July 31, 2009, New York time.

      About CTDC:
      Avatar
      schrieb am 04.09.09 20:08:05
      Beitrag Nr. 13 ()
      globenewswire
      CTDC Announces Appointment of Chief Financial Officer

      * Press Release
      * Source: China Technology Development Group Corporation
      * On Friday September 4, 2009, 7:00 am EDT

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      HONG KONG, Sept. 4, 2009 (GLOBE NEWSWIRE) -- China Technology Development Group Corporation (Nasdaq:CTDC - News) ("CTDC" or "the Company"), a provider of solar energy products and solutions in China, today announced the board has appointed Mr. Frederick Tang, who has been working with the Company as Vice President, as the Company's new Chief Financial Officer to replace Mr. Gary Leung who resigned for his personal reason, effective from September 1, 2009, in accordance with the recommendation from the Company's Nominating Committee.
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      CTDC 2.1001 +0.0700
      Chart for China Technology Development Gr
      {"s" : "ctdc","k" : "c10,l10,p20,t10","o" : "","j" : ""}

      Prior to joining CTDC, Mr. Tang acted as Finance Director and Company Secretary in several reputable international corporations in Hong Kong, Shanghai and Southeast Asian countries, including ecSolutions Corporation (Shanghai) Ltd and Beauty Spark Engineering Limited. In addition, he had worked at Deloitte Touche Tohmatsu (HK) for over 8 years, with extensive experience in auditing, taxation and training. Mr. Tang is a fellow member of the Association of Chartered Certified Accountants ("FCCA") and an associate of Hong Kong Institute of Certified Public Accountants ("CPA"). He received a Bachelors degree in Accounting and Finance from Brighton University, and a Masters degree in Financial Management from University of London.

      Mr. Tang, who brings to CTDC more than eighteen years of experience in corporate finance, merger and acquisition, fund raising and investor relations, will report directly to Mr. Alan Li, Chairman and CEO of the Company, and will be responsible for the overall financial management.

      Mr. Alan Li commented that: "We are delighted to have Mr. Tang to take up this vital role in our management team. Moving into a new step at a turning point of PV industry in China, we are convinced that Mr. Tang's extensive financial management experience will help the Company to enter our next phrase of growth."

      "I am pleased to join the Company," said Mr. Tang. "I look forward to working closely with the management team and devote my professional experience to assist CTDC in achieving its goals. I am confident that the Company will realize its mission of building a greener world by bringing clean and affordable energy to every family in China."
      Avatar
      schrieb am 01.01.10 17:12:40
      Beitrag Nr. 14 ()
      CTDC Enters into Strategic Cooperation Agreement with Russian Energy Group

      HONG KONG – December 1, 2009 - China Technology Development Group Corporation (Nasdaq: CTDC; "CTDC" or "the Company"), a growing integrated clean energy group based in China to provide solar energy products and solutions, today announced the Company has agreed to enter into strategic cooperation agreement (the “SCA”) with Rus Energy Investment Group (“Rus Energy”) to leverage mutual strengths to jointly develop the clean energy business in both China and Russia.

      Pursuant to the SCA, both parties will establish in-depth cooperative arrangements in the following three major areas: (1) development of the Russian solar power station and other solar related business in Russia to provide environmental friendly and clean solar power; (2) jointly develop Russia’s natural gas resources and supply to mainland China, Hong Kong and Taiwan regions; and (3) jointly set up the Sino-Russian clean energy assessment team to conduct substantive investigation in terms of the potential cooperation on clean energy projects and carry out feasibility studies for the reference to the board of directors of both companies.

      On October 12, Sino-Russian Energy Investment Co., Ltd (“SREI”), a subsidiary of Rus Energy announced the acquisition of 51% equity interests in Russian Suntar Natural Gas Company. As a result, SREI has obtained exploration and production rights of 2 natural gas fields in Eastern Siberia with up to 60 billion cubic meters of reserved natural gas. Rus Energy will become the first Sino-Russian joint venture in natural gas and has obtained the controlling interests in these Russian natural gas fields. Rus Energy is planning to invest over USD300 million to develop these 2 natural gas fields.

      "We are really pleased to be a strategy partner of Rus Energy", stated Mr. Alan Li, Chairman and CEO of the Company, “It’s another significant momentum in our clean energy business development following our investment in the large-scale grid-connected solar power station in Qinghai province in China. China is making every effort to develop clean energy. It’s expected that by 2020, China's carbon dioxide emissions per unit of GDP will decline by 40%-50%, compared with 2005. It is clearly stated in Russian New Energy Strategy that the Russian natural gas and other conventional energy reserves, production and export volume will be increased. Meanwhile, the renewable energy as a percentage of the total energy consumption will also increase. We could prospect a greater development in the clean energy between China and Russia, which presents a rare opportunity for mutual development. We do hope to work closely with the Rus Energy to achieve the substantial growth. ”

      About Rus Energy:
      Rus Energy is a Hong Kong registered company and mainly engaged in the development, exploration and production of clean energy in Russia.
      Avatar
      schrieb am 30.04.10 11:49:13
      Beitrag Nr. 15 ()
      30.04.2010 10:58
      CTDC Acquires Xintang Media, Partners with Xinhua News Agency to Jointly Develop Xinhua Multimedia Project


      Hong Kong, Apr 30, 2010 - (ACN Newswire) - China Technology Development Group Corporation ("CTDC" or the "Company"; NASDAQ: CTDC) is pleased to announce that CTDC has entered into a Cooperation Framework Agreement (the "Agreement") with Xintang Media Technology (Beijing) Ltd. ("Xintang Media"), shareholders of Xintang Media and the related companies to acquire Xintang Media indirectly. Xintang Media is a media and advertising agency company. CTDC will jointly develop the Xinhua Multimedia Project with Xintang Media and Xinhua News Agency.

      Xinhua Multimedia is an information platform with flat-panel displays to be installed in government office buildings, elementary/high schools and public areas in China, through which Xinhua News Agency disseminates news and information in various formats.

      According to the Agreement, CTDC will indirectly acquire (or in other controlling ways) the equity interests in Xintang Media, which will be settled by cash, CTDC shares and warrants with advance payment of US$5 million. The payment will be used for purchasing displays and developing the advertising business.

      According to the Framework Agreement signed between Xintang Media and Xinhua News Info Centre in January 2010, Xintang Media is the sole exclusive advertising agent of Xinhua Multimedia Government Broadcast Network ("Government Network") and entitled to the exclusive operation rights of other value-added businesses, as well as to the right of first refusal to make investments in other sub-projects of Xinhua Multimedia. Government Network has completed the pilot installation of flat-panel displays in Guangdong, Guizhou and Heilongjiang provinces.

      In addition, Xintang Media, Xinhua News Info Centre and eight provincial branches (Guangdong, Guangxi, Shandong,Fujian, Guizhou, Anhui, Heilongjiang and Jiangxi) of Xinhua News Info Centre entered into the Exclusive Sub-agreements of Government Network ("Sub-agreement") on April 28, which further established Xintang Media's exclusive role as the advertising agent of Government Network and in operating other value-added businesses in these geographical areas. Xintang Media will continue to enter into agreements with other provincial branches of Xinhua News Info Centre.

      Mr. Alan Li, Chairman of the Board&CEO of CTDC, said, "We are honored to partner with Xinhua News Agency and Xintang Media to implement Xinhua Multimedia Project. Xinhua Multimedia Project is a very significant media project as well as another very important information platform for Xinhua News Agency. This project leads CTDC into the new media advertising market in China, adding new revenues for CTDC, and creating value for shareholders. In the second half of 2010, CTDC will cooperate with Xinhua News Agency to install flat-panel displays in major cities of China, develop the advertising business and focus on generating returns for our shareholders."


      About "Xinhua Multimedia"

      Leveraging on the advanced cutting-edge digital network technology, distant audiovisualtransmission technology, and the national e-government network and internet, Xinhua News Agency's Multimedia Display Network ("Xinhua Multimedia") aims to deliver news and information (including audio-videos, pictures and text etc.), such as government affairs information, stock quotes, weather forecast and advertising, through flat-panel displays installed in central and local government office buildings, elementary/high schools and public areas in China. Xinhua Multimedia Project consists ofsub-networks of Xinhua Multimedia Government Broadcast Network and Xinhua Multimedia Campus Broadcast Network. Upon completion, Xinhua Multimedia will directly impact most of 70 million civil servants and 220 million students in China.

      About China Technology Development

      CTDC is a growing integrated clean energy group based in China to provide solar energy products and solutions. CTDC's major shareholders include China Merchants Group (http://www.cmhk.com), a state-owned conglomerate in China, and Beijing Holdings Limited, the largest offshore subsidiary established by Beijing Municipal Government. For more information, please visit the website at http://www.chinactdc.com.


      Source: China Technology Development
      Avatar
      schrieb am 30.04.10 11:49:50
      Beitrag Nr. 16 ()
      30.04.2010 10:58
      CTDC Enters Into Agreement with Wanhe Investment for Private Placement of US$6 Million Common Shares
      Hong Kong, Apr 30, 2010 - (ACN Newswire) - China Technology Development Group Corporation ("CTDC" or the "Company"; NASDAQ: CTDC) today announces that the Company entered into a Subscription Agreement (the "Subscription Agreement") with China Wanhe Investment Limited (the "Subscriber" or "Wanhe Investment"), an industrial investment company in China, in connection with a private placement transaction of 2 million shares of the Company's common stock on April 28, of which proposed to finance US$6 million.

      Pursuant to the Subscription Agreement, the Company agreed to sell, and the Subscriber agreed to purchase, 2 million shares of the Company's common stock, par value US$0.01 per share, at a price of US$3.01 per share. CTDC intends to use the net proceeds of approximately US$6 million from the private placement to develop and operate the Xinhua Multimedia project, including the purchase of flat-panel displays, content management system, advertising business development and daily operations.

      Mr. Alan Li, Chairman of the Board&CEO of CTDC, said, "We are very excited to cooperate with Wanhe to invest in the Xinhua Multimedia project. With the backdrop of Triple Play (the integration of telecom network, internet and cable TV network in China), we are optimistic about the perspective of Xinhua Multimedia project."
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      schrieb am 16.10.10 10:40:20
      Beitrag Nr. 17 ()
      Hong Kong - October 13, 2010 - China Technology Development Group Corporation (“CTDC” or the “Company”;

      NASDAQ: CTDC), a growing clean energy group based in China to provide solar energy products and solutions,
      announced today that it has entered into an agreement with China Technology Solar Power Holdings Limited
      (“CTSP”), which is developing a 100 megawatt on-grid solar farm project located in Delingha City of Qaidam Basin in
      Qinghai Province, China, and its direct and indirect stockholders (the “Stockholders”) regarding the termination of
      CTSP acquisition. Meanwhile, CTDC has entered into a letter of intent (the “LOI”) with CTSP to continue strategic
      cooperation of both parties in large scale on-grid solar farm projects.

      As reported previously, on October 27, 2009, CTDC entered into a Stock Purchase Agreement with CTSP and its
      Stockholders to acquire 51% equity interests of CTSP, subject to a number of conditions, including receipt of an
      independent valuation report on the business of CTSP. Given the Chinese government has not determined the
      specific subsidies and incentives for on-grid solar energy applications for Qinghai Province, it is difficult to determine
      the fair value of the “Delingha 100 MW on-grid solar farm project” and close the transaction in the foreseeable future.

      After prudent consideration and consultation, the parties have mutually agreed not to proceed with the acquisition.
      For more details about the termination agreement, please refer to the Company’s report on Form 6-K which was filed
      with the Securities and Exchange Commission on October 13, 2010.
      Meanwhile, CTDC and CTSP have signed the LOI to leverage mutual strengths to cooperate in large-scale on-grid
      solar farm projects mainly in the following three areas: (1) CTSP agrees to preferentially purchase crystalline PV
      modules from CTDC and its subsidiaries to develop the grid-connected solar farm project in Delingha; (2) CTDC
      continues to participate in the design of grid-connected solar farm project in Delingha; and (3) CTDC and CTSP
      partner up in research and development of auxiliary equipments for power plants, such as inverters and controllers.

      Mr Alan Li, Chairman and CEO of CTDC, said “We are pleased to change our role from a potential acquirer to a
      strategic partner and supplier of CTSP. We are confident that our high quality crystalline PV modules will meet the
      demand of large scale on-grid solar farm. Moreover, both parties will benefit from strategic cooperation in respect of
      designing of and research on the grid-connected solar plant”. He continued, “Looking forward, CTDC is committed to
      developing solar power application markets in China, Europe and the U.S. and to becoming a reputable solar energy
      application solutions provider worldwide.”
      Avatar
      schrieb am 18.10.10 14:08:14
      Beitrag Nr. 18 ()
      Oct 18 (Reuters) - China Technology Development Group Corp:

      * Ctdc announces production capacity expansion plan for crystalline pv modules

      * Says plans to expand its production capacity of crystalline pv modules to 150

      mw by end of 2011

      * Says plans to expand its production capacity of crystalline pv modules to 300

      mw by end of 2012

      * Also intend to speed pace by means of m&a, to meet targets set out in

      expansion plan

      * Believe global pv module market will continue to perform well in 2011

      * Says expanding capacity to keep pace with the market demand
      1 Antwort
      Avatar
      schrieb am 18.10.10 15:24:17
      Beitrag Nr. 19 ()
      Antwort auf Beitrag Nr.: 40.341.002 von R-BgO am 18.10.10 14:08:14Hong Kong - October 18, 2010 - China Technology Development Group Corporation ("CTDC", the "Company" or "we"; NASDAQ: CTDC), a growing clean energy group based in China to provide solar energy products and solutions, announced today that CTDC plans to expand its production capacity of crystalline PV modules to 150 megawatt ("MW") by the end of 2011 and 300 MW by the end of 2012 (the "Expansion Plan").

      Since June 2010, we have been, through our wholly-owned subsidiary – China Merchants Zhangzhou Development Zone Trendar Solar Tech Ltd. ("Trendar Solar"), engaged in manufacturing and sales of crystalline PV modules at China Merchants Zhangzhou Development Zone, located at the south bank of Xiamen Bay. Our products are being exported to both European and U.S. markets. To cater for the increasing market demand and maximize our shareholders’ value, we strive to increase our production capacity to 150MW by the end of 2011, and aim to double this amount to a total of 300MW by the end of 2012. In addition to expanding the production lines of Trendar Solar, we also intend to speed up the pace by means of mergers and acquisitions, to accomplish the targets set out in the Expansion Plan.

      On October 13, 2010, we received seven honorable guests at our production base in the China Merchants Zhangzhou Development Zone, including Mr. Dan Xiaoshan, Chairman of Board of Supervisors, State-owned Assets Supervision and Administration Commission of the State Council ("SASAC"), Mr. Ye Xiangxun, Office Director of Board of Supervisors of SASAC, and Mr. Hu Zheng, the Vice President of China Merchants Group. During the visit, our senior management team presented our Company’s development strategies, expansion plans and technical applications to our guests, and they all highly commended the Company on its continuing commitment and dedication to the solar industry and indicated that the PV industry is currently emerging and is expected to receive strong support from the PRC government in the future.

      Mr. Alan Li, Chairman of the Board and CEO of CTDC, said, "We are honored to receive the unwavering support from both Chairman Dan and Vice President Hu, their recognition is truly encouraging to our PV business". Mr. Li concluded, "We believe the global PV module market will continue to perform well in 2011 and we are expanding our capacity to keep pace with the market demand. Looking forward, we will cooperate with our upstream and downstream partners to develop the Xiamen Bay into a renowned production base for the solar industry which will integrate vertical value chain from ingots, wafers, cells, PV modules and PV applications, etc."
      Avatar
      schrieb am 18.10.10 15:27:27
      Beitrag Nr. 20 ()
      aktuelle Zahlen gibt es immer noch keine
      Avatar
      schrieb am 17.12.10 12:22:34
      Beitrag Nr. 21 ()
      CTDC Supplied Transparent Modules for MW-level Solar Power Plants in Italy
      [Date:12-17-2010] Source: Infocast News RSS Feed

      China Technology Development Group Corporation (NASDAQ: CTDC), a growing clean energy group based in China to provide solar energy products and solutions, announced that its wholly-owned subsidiary, Linsun Power Technology (Quanzhou)., has been selected to supply 1.55 megawatts (MW) of transparent multi-crystalline solar modules for two on-grid solar power plants in Molfetta and Verona of Italy. The new product has nice appearance and high transparence, especially suitable for Building-Integrated Photovoltaics (BIPV) projects.

      The first shipment of the transparent modules has been made, while the second shipment will be done by end of this year. The two solar power plants are expected to be operational in January 2011.

      We are excited for being the supplier of transparent modules to the solar power plants in Italy, said Mr. Sean Liaw (Liao Lin-Hsiang), Chief Operating Officer of the Company. We have consistently paid attention to the development trend in overseas front-end market, This time our innovative product is recognized by overseas market, which fully reflects our company’s development is on a right track.
      Avatar
      schrieb am 11.01.11 23:47:33
      Beitrag Nr. 22 ()
      * China Development Group Corporation| CTDC

      HONG KONG, Jan. 10, 2011 (GLOBE NEWSWIRE) -- China Technology Development Group Corporation ("CTDC", the "Company" or "we") (Nasdaq:CTDC), a growing clean energy group based in China to provide solar energy products and solutions, announced today that China Merchants Zhangzhou Development Zone Trendar Solar Tech Ltd. ("Trendar Solar"), a wholly-owned subsidiary of CTDC, has entered into a Purchase Agreement for the Year 2011 (the "Agreement") with Goldpoly (Quanzhou) Science & Technology Industry Co. Ltd. ("GPS&T"), a wholly-owned subsidiary of Time Infrastructure Holdings Limited ("Time Infrastructure"; Stock Code: 0686.HK). Pursuant to the Agreement, GPS&T agreed to provide Trendar Solar with 100 megawatt of high-quality polycrystalline solar cells in 2011.

      Mr. Sean Liaw, Chief Operating Officer of CTDC, said, "This is the first purchase agreement we entered with the Goldpoly Group after signing our strategic cooperation agreement in November 2010. We believe that the agreement will further ensure the supply of our raw materials and will strengthen our long-term relationship in the provision of solar cells. The high-quality solar cells with competitive price provided by Time Infrastructure enable us to ensure the high-quality of our PV module and reduce our production cost, which will in turn increase the profit margin."

      Mr. Tim Yiu, Executive Director of Time Infrastructure and General Manager of the Time Infrastructure's solar business, said, "CTDC is one of our superior and significant strategic partners. The signing of the agreement not only reinforces the long-term relationship between the two parties, but also represents the customers' recognition towards our products. We will continue to deliver the highest quality products to customers, and jointly develop the potential PV market with CTDC."

      About China Technology Development Group Corporation (Nasdaq:CTDC)

      Established in 1995, CTDC has been listed on the NASDAQ Stock Market since 1996. CTDC is a growing clean energy group in China, which provides solar energy products and solutions. CTDC's major shareholder is China Merchants Group, a state-owned conglomerate in China ( http://www.cmhk.com).

      For more information, please visit www.chinactdc.com

      About Time Infrastructure Holdings Limited (stock code: 0686.hk)

      Time Infrastructure Holdings Limited ("Time Infrastructure"), as a leading manufacturer of silicon solar cells in the PRC, is listed on the main board of the Stock Exchange of Hong Kong with stock code 0686. Currently, Time Infrastructure operates its solar cells production in an 180,000 square meter factory with an annual capacity of 200 MW, located in Quanzhou, Fujian Province. The information above is provided by Time Infrastructure. For further details of Time Infrastructure's solar business, please visit the Company's website at www.goldpoly.com
      Avatar
      schrieb am 29.03.11 13:07:32
      Beitrag Nr. 23 ()
      CTDC Signs a 20MW PV Module Sales Contract to Capture New Market Share in Europe

      Hong Kong - February 28, 2011 - China Technology Development Group Corporation (“CTDC”, the “Company” or “we”; NASDAQ: CTDC), a growing clean energy group based in China to provide solar energy products and solutions under the brand “LSP", announced that the company's wholly-owned subsidiary has signed a Sales Contract for the Year 2011 (the “ Contract”) of 20MW solar modules with well-known Italian photovoltaic (“PV”) system integrator ConSae S.r.l. ('ConSae').

      Pursuant to the Contract, Linsun Renewable Energy Corporation Limited (“LSR”), a wholly-owned subsidiary of CTDC, will supply ConSae with 20MW of LSP crystalline solar modules. Including 15MW of LSP standard crystalline solar modules, and 5MW of CTDC self-developed transparent crystalline solar modules, and to be completed supplying all quantity by the end of 2011. This is another successful milestone of LSP, the solar module brand of CTDC, capturing European market shares, after LSP has been selected to supply to MW-level on grid power plant in Italy at the end of 2010.

      “This 20MW sales contract has speeded up our pace in strongly exploring European market, reaching our supplying frontier of LSP high quality solar modules to the blooming Italian market,” said Mr. Sean Liaw (Liao Lin-Hsiang), Chief Operating Officer of the Company, “and it should greatly expand our brand influence in Europe.” And Mr. Liaw added, “CTDC is looking forward to the European PV market, we are dedicating to establish a board sales network in Europe. Our sales center and warehouse in Italy will be officially operating by March, 2011. This shall provide real time and efficient service to our customers in Europe and greatly expand CTDC's strength in the European region.
      Avatar
      schrieb am 01.08.11 11:38:35
      Beitrag Nr. 24 ()
      CTDC Announces Board and Management Changes and Conducts Non-Deal Roadshow

      Hong Kong- July 8, 2011- China Technology Development Group Corporation (NASDAQ: CTDC; "CTDC" or the "Company"), a growing clean energy group that provides solar energy products and solutions, based in Hong Kong with sales offices in Milan and Munich, announced today that the Company has made a number of changes to its board and key management positions:

      - The Board resolved to remove Ju Zhang from the office as Executive Director effective July 7th. The Company has no disagreement with Ju Zhang and confirms that the removal will not have any material effect on the business and operations of the Company. The board of directors consists of eight directors, three of whom are executive directors and five of whom are independent directors;

      - Zhenwei Lu has been appointed Chief Financial Officer effective July 7th, and will continue as executive director on the board of directors; and

      - Weining Zhang has been appointed Chief Communications Officer effective June 15th.

      Zhenwei Lu holds a Bachelor's degree from Shanghai Marine College and a Master's degree from Zhongnan University of Economics and Law. Mr. Lu was the General Manager of China Merchants Technology Co., Ltd., a wholly owned subsidiary of China Merchants Group. Mr. Lu has represented China Merchants Group to establish Shenzhen China Merchants Group Yinke Investment Management Ltd, a Renminbi venture investment fund, and he is acting as General Manager of this company.

      Weining Zhang holds a Bachelor's degree in Economics (Quantitative Path) from University of California at Berkeley and a specialized MBA degree with a focus in Finance from SDA Bocconi, Milan. Prior to joining CTDC, she served as a director of Perennial Financial Consulting, providing strategy and financial services to public and private companies. Prior to that she worked in the financial industry in roles that included serving as a closing analyst for Real Estate Division of Credit Suisse First Boston/DLJ, a financial advisor for American Express, a senior manager for Real Options Group, a senior account executive of CCG Elite Investor Relations.

      "We are very pleased to have such a high caliber of financial talent on board to strengthen our management team as we make strides in becoming an important player in the solar energy field," Alan Li, Chairman and CEO of CTDC said."Their expertise and competence in financial markets will be a tremendous asset to the Company. We believe they will realize our vision in our endeavor and improve our communications with investors."

      CTDC has scheduled a non-deal roadshow in the following cities of the USA between July 11th and September 14th of 2011:

      San Francisco, CA
      Los Angeles, CA
      New York, NY
      Boston, MA
      Avatar
      schrieb am 30.10.12 10:04:52
      Beitrag Nr. 25 ()
      ...heute Umbuchungsmitteilung 1:10 erhalten:

      sie heißen nun "Renewable Energy Trade Bo.Corp"
      4 Antworten
      Avatar
      schrieb am 30.10.12 10:08:22
      Beitrag Nr. 26 ()
      Antwort auf Beitrag Nr.: 43.765.425 von R-BgO am 30.10.12 10:04:52von Reuters:

      Renewable Energy Trade Board Corporation, formerly China Technology Development Group Corporation, incorporated on September 19, 1995, along with its subsidiaries is principally engaged in the provision of solar energy products and solutions in the People’s Republic of China and Europe (Solar Energy Operations).

      The Company’s products are solar modules for electricity generation and the related application products, such as solar power stations, solar home systems, solar lighting and solar chargers. Solar modules are assemblies of solar cells, which are electrically interconnected and encapsulated in a weatherproof panel.

      Solar cells are semiconductor devices that directly convert sunlight into direct current electricity. The Company produces a variety of solar modules ranging from 5 to 280 watts in power. On August 26, 2011, a wholly owned subsidiary of the Company, China Merchants Zhangzhou Development Zone Trendar Solar Tech Ltd. (Trendar Solar), incorporated a 100% owned subsidiary, Xiamen Chuangri New Energy Technology Ltd, (Chuangri) in China.

      The Company’s products are solar modules for electricity generation and the related application products, such as solar power stations, solar home systems, solar lighting and solar chargers. Solar modules are assemblies of solar cells, which are electrically interconnected and encapsulated in a weatherproof panel. Solar cells are semiconductor devices that directly convert sunlight into direct current electricity. The Company produces a variety of solar modules ranging from 5 to 280 watts in power. During the year ended December 31, 2011, the Company participated in the development of solar farms in Italy.

      The Company is also involved in the solar system integration and solar plant development. The Company designs and installs on-grid and off-grid solar systems used in lighting for outdoor public facilities and in commercial buildings. The Company’s service with respect to solar system integration includes engineering, procurement of equipment, construction management, monitoring and maintenance. The Company works with its partners to develop solar power plants. The power plant development process involves evaluation of sites, obtaining land rights, building, construction and grid-interconnection permits, licenses and approvals from local authorities, construction of the plant, operation and maintenance.

      The Company competes with Suntech Power Holdings, Trina Solar Limited and Yingli Green Energy Holding Company Limited.
      Avatar
      schrieb am 30.10.12 10:09:45
      Beitrag Nr. 27 ()
      Antwort auf Beitrag Nr.: 43.765.425 von R-BgO am 30.10.12 10:04:5220-F für 2011 sah mit gross-loss gewohnt furchtbar aus: http://www.sec.gov/Archives/edgar/data/1027454/0001193125121…
      Avatar
      schrieb am 30.10.12 10:14:42
      Beitrag Nr. 28 ()
      Antwort auf Beitrag Nr.: 43.765.425 von R-BgO am 30.10.12 10:04:52hmmm...:

      EX-99.1 2 exhibit1.htm EX-99.1
      CTDC Entered into up to 2.1GW PV Projects Cooperation Framework Agreements in August

      HONG KONG – September 7, 2012 – China Technology Development Group Corporation (“CTDC” or “the Company”, NASDAQ: CTDC), a growing clean energy group that provides solar energy products and solutions, today announced that it has entered into a number of cooperation framework agreements with several PV industry players regarding cooperation on PV projects with a total of 2.123GW capacity in the coming three years.

      CTDC has been involved in conversations with several local and overseas companies in the solar industry for the discussion of cooperation opportunities on future solar power projects. Up to August 31, 2012, the Company has signed a total of four cooperation framework agreements, details of which have been listed below:

      1. 973MW PV projects cooperation framework agreement with GCL-Poly Energy Holdings Limited (HKG:3800) and China Merchants New Energy Holdings Limited,
      2. 200MW PV projects joint development agreement with Hareon Solar Technology Company Limited (SHA:600401) and China Merchants New Energy Holdings Limited,
      3. 450MW PV projects cooperation framework agreement with Znshine PV-Tech Company Limited and China Merchants New Energy Holdings Limited, and
      4. 500MW PV projects cooperation framework agreement with Astronergy Company Limited and China Merchants New Energy Holdings Limited.
      Within the next 3 years, CTDC will take an intermediary role as a coordinator among different parties for the upcoming PV projects and will be remunerated for a commission fee based on the services provided.

      Sean Liaw, President of the Company commented: “These activities are expected to bring more diversified business opportunities to the Company and we are looking forward to playing an important role in global solar project development.”
      Avatar
      schrieb am 30.10.12 10:16:03
      Beitrag Nr. 29 ()
      Antwort auf Beitrag Nr.: 43.765.425 von R-BgO am 30.10.12 10:04:52EX-99.1 2 exhibit1.htm EX-99.1
      Press Release

      CTDC ANNOUNCES NAME CHANGE AND REVERSE STOCK SPLIT

      HONG KONG – October 24, 2012 – China Technology Development Group Corporation (Nasdaq: CTDC; “we” or “the Company”) today announced the change of its name to Renewable Energy Trade Board Corporation and the implementation of a 1-for-10 reverse split of its common stock. The name change and the reverse stock split will become effective on Wednesday, October 24, 2012, upon receipt of the approval by the registrar of British Virgin Islands of the Company’s amended and restated Memorandum of Association effecting these changes. The Company’s common stock will begin trading on The Nasdaq Capital Market under the new symbol “EBOD” and on a split-adjusted basis when the market opens on Thursday, October 25, 2012. In addition, the Company’s common stock will begin trading at such time under a new CUSIP number (G7495T 106).

      Both the name change and reverse stock split were approved by the Company’s shareholders at the 2012 annual general meeting of shareholders (the “2012 AGM”) held in Hong Kong on September 28, 2012. The Company’s board of directors (the “Board of Directors”) was authorized to implement a reverse stock split and determine the ratio of the split within a range of not less than 1-for-2 and not greater than 1-for-10. The Board of Directors has determined to fix the ratio for the reverse stock split at 1-for-10.

      At the effective time of the reverse stock split, every ten shares of the Company’s issued and outstanding common stock will be converted automatically into one issued and outstanding share of common stock. The par value per share will be increased to US$0.10, the number of shares of common stock authorized will be reduced to 400,000,000, and the number of shares of the Company’s issued and outstanding common stock will be reduced from 22,498,549 to approximately 2,249,854. In addition, the reverse stock split will effect a proportionate adjustment to the per share exercise price and the number of shares issuable upon the exercise of all outstanding stock options and warrants to purchase or acquire shares of the Company’s common stock.

      The purpose of the reverse stock split is to regain compliance with the US$1.00 per share minimum bid price requirement for continued listing of the Company’s common stock on The Nasdaq Capital Market. As previously reported, in order to maintain its listing on the Nasdaq Capital Market, on or before November 26, 2012, the Company’s common stock must have a minimum closing bid price of US$1.00 per share for a minimum of ten consecutive trading days. However, there can be no assurance that the Company’s common stock will meet the Nasdaq Capital Market continued listing requirements following the reverse stock split.

      After the effective date, record holders of the Company’s common stock will receive a letter of transmittal from American Stock Transfer & Trust Company, the Company’s transfer agent, with instructions for the exchange of existing stock certificates. The transfer agent will act as the exchange agent and can be contacted at (877) 248-6417 or (718) 921-8317. No fractional shares will be issued as result of the reverse stock split. Instead, the transfer agent will aggregate all fractional shares and arrange for them to be sold as soon as practical after the effective date of the reverse stock split at the then prevailing prices on the open market on behalf of those shareholders. After such sale and, in the case of holder of certificated common stock, upon the surrender of the stock certificates representing such shares, shareholders will receive a payment from the transfer agent acting on behalf of the Company in an amount equal to the shareholder’s pro rata share of the total net proceeds derived from the sale of the fractional interest to which they would otherwise be entitled.

      Additional information regarding the name change and the reverse stock split can be found in the Company’s proxy statement for 2012 AGM, copies of which are available at http://www.chinactdc.com/english/Investor/AGM.html or https://materials.proxyvote.com/G84384


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