Press Releases

Unedited news and product information from vendors.

China Technology Development Group Corporation Announces Results for The Six Months Ended June 30, 2007 (Unaudited)
Oct 08, 2007 (08:10 AM EDT)


HONG KONG, Oct. 8 /Xinhua-PRNewswire-FirstCall/ -- China Technology Development Group Corporation filed on October 5, 2007 the unaudited consolidated financial results for the six month period ended June 30, 2007.

The Company recorded a net income of US$796,000 in the 2007 Period as compared to a net loss of US$736,000 in the 2006 Period. The financial results for the six months period ended June 30, 2007 were related to the Company's current businesses except the new solar energy business which was announced on September 7, 2007.

Commenting on the results, the Company's Chief Executive Officer Alan Li said, "The Company's interim results for the six months ended 30 June 2007 has been a good progress despite some keen competition in the existing businesses. We planned to focus on the new venture plans in the renewable energy business to pave the way for the Company's longer-term growth and expansion. We firmly trust the investments will increase the shareholder values and tie in with our business development plans."

A full version of the 6-K Filing regarding the financial results is available at http://www.nasdaq.com/asp/quotes_sec.asp?selected=CTDC&symbol=CTDC .

Note: If the URL above wraps to a second line, paste both lines into the browser.

About CTDC

CTDC is engaged in information network security in the People's Republic of China. CTDC's ultimate principal shareholder is China Merchants Group ( http://www.cmhk.com http://www.chinactdc.com ), one of the most important Chinese state-owned enterprises in China. For more information, please visit our website at .

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.

For Further information: Charlene Hua Chief Financial Officer Tel: +852-3112-8461 Fax: +852-3112-8410 Email: charlene.hua@chinactdc.com

CONTACT: Charlene Hua, +852-3112-8461, fax: +852-3112-8410 , charlene.hua@chinactdc.com

Web site: http://www.cmhk.com/ http://www.chinactdc.com/