HONG KONG, Feb. 19 /Xinhua-PRNewswire-FirstCall/ -- China Technology Development Group Corporation (Nasdaq: CTDC; "the Company" or "CTDC"), a provider of clean and renewable energy products and solutions focusing on solar energy business in China, today is pleased to announce that it has appointed Deloitte Touche Tohmatsu CPA Ltd. ("Deloitte") to act as its independent auditor for the fiscal year ended December 31, 2007, following the expiry of the service term of Friedman LLP ("Friedman").
The appointment of the new independent auditor was based on recommendation and approval of the audit committee and the Board of Directors of the Company on February 14, 2008. The decision to change auditor was not as the result of any disagreement between the Company and Friedman on matters of accounting principles or practices, financial statement disclosure, or auditing scope or procedure.
"We look forward to working with Deloitte as our independent auditor and building a successful partnership. Given our strategic focus in the solar energy business in China, we believe that Deloitte's strong presence in China will provide us with audit services that are more efficient and suitable for a rapidly growing company like ours. We also wish to thank Friedman for the excellent work and professional services provided by their team," stated Charlene Hua, Chief Financial Officer of the Company.
CTDC is a provider of clean and renewable energy products and solutions
focusing on solar energy business in China. CTDC's ultimate principal
shareholder is China Merchants Group ( http://www.cmhk.com ), one of the
biggest state-owned conglomerates in China.
For more information, please visit our website at http://www.chinactdc.com .
Forward-Looking Statement Disclosure:
This press release of the Company, which is a foreign private issuer,
on Form 6-K contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, and Section 21E of the
Securities Act of 1934. These statements relate to future events or the
Company's future financial performance. The Company has attempted to
identify forward-looking statements by terminology including "anticipates",
"believes", "expects", "can", "continue", "could", "estimates", "expects",
"intends", "may", "plans", "potential", "predict", "should", or "will" or
the negative of these terms or other comparable terminology. These
statements are only predictions, uncertainties and other factors may cause
the Company's actual results, level of activity, performance or
achievements to be materially different from any future results, level of
activity, performance or achievements expressed or implied by these
forward-looking statements. The information in this Report on Form 6-K is
not intended to project future performance of the Company. Although the
Company believes that the expectations reflected in the forward- looking
statements are reasonable, the Company does not guarantee future results,
level of activity, performance or achievements. The Company's expectations
are as of the date this Form 6-K is filed, and the Company does not intend
to update any of the forward-looking statements after the date this Report
on Form 6-K is filed to conform these statements to actual results, unless
required by law.
General Manager, PR/IR Department
|SOURCE China Technology Development Group Corporation|
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