China Technology Development Group Corporation (Nasdaq: CTDC; "CTDC" or the "Company") announced the cessation of Mr. Aaron Zhu as the Co-Chief Executive Officer (International) of CTDC effective February 21, 2006.
CTDC is engaged in providing information network security solutions in People's Republic of China. With the recent acquisition of China Natures Technology Inc. ("CNT", formerly Future Solutions Development Inc.), which develops health food products utilizing bio-active components of bamboo, CTDC also entered the Chinese nutraceutical market. CTDC's major shareholder is Beijing Holdings Limited, a conglomerate with over $3 billion in total assets beneficially owned by the Beijing People's Municipal Government. For more information, please visit our website at http://www.chinactdc.com .
Forward-Looking Statement Disclosure
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements regarding CTDC contained in this press release that are not historical in nature, particularly those that utilize terminology such as "may," "will," "should," "likely," "expects," "anticipates," "estimates," "believes," or "plans," or comparable terminology, are forward-looking statements. Forward- looking statements are based on current expectations and assumptions, and entail various risks and uncertainties that could cause actual results to differ materially from those expressed in such forward-looking statements. Important factors known to CTDC that cause actual results to differ materially from those expressed in such forward-looking statements are identified and discussed in CTDC's filings with the Securities and Exchange Commission.
China Technology Development Group Corporation
Executive Director, Chief Financial Officer and Secretary