China XD Plastics Chairman and CEO to Ring Opening Bell at NASDAQ Stock Market
November 25 2009 - 7:00AM
PR Newswire (US)
HARBIN, China, Nov. 25 /PRNewswire-Asia-FirstCall/ -- China XD
Plastics Company Ltd. ("China XD Plastics" or the "Company"),
(OTC:CXDCOTC:Nasdaq:OTC:CXDC) (BULLETIN BOARD: CXDC, Nasdaq: CXDC)
, the largest Chinese manufacturer in the development, manufacture,
and distribution of modified plastics primarily for use in the
automotive applications in China, today announced that the Company
Chairman and Chief Executive Officer will ring the Opening Bell at
the NASDAQ MarketSite in New York City on Thursday, December 3,
2009 at 9:30 a.m. ET to celebrate the Company's listing on the
NASDAQ Stock Market. China XD Plastics will begin trading on the
NASDAQ Global Market on November 27, 2009, under the ticker symbol
"CXDC". Until such time, its common stock will continue to trade on
the Over the Counter Bulletin Board under the same ticker symbol.
"We are delighted to ring the opening bell at the NASDAQ MarketSite
to celebrate our listing on one of the most prestigious equity
markets in the world," said Mr. Jie Han, Chairman and Chief
Executive Officer of China XD Plastics. "We are very proud to have
our shares traded on NASDAQ less than one year after going public
on the OTC market, and we would like to take this opportunity to
express our sincere gratitude to our shareholders, dedicated
employees, board of directors, management team, and all other
parties who have contributed to our success in reaching this point
today." A live webcast of the NASDAQ Opening Bell (starting from
9:20 a.m. ET) will be available at:
http://www.nasdaq.com/about/marketsitetowervideo.asx About China XD
Plastics Company Ltd. China XD Plastics Company Ltd., through its
wholly owned subsidiary Harbin Xinda Macromolecule Material
("Xinda"), develops, manufactures, and distributes modified
plastics, primarily for automotive applications. The Company's
specialized plastics are used in the exterior and interior trim and
in the functional components of more than 30 automobile brands
manufactured in China including Audi, Red Flag, Volkswagen and
Mazda. The Company's wholly-owned research institute is dedicated
to the research and development of modified plastics, and benefits
from the cooperation with well-known scientists from prestigious
universities in China. As of the end of September 30, 2009, 137
products that Xinda manufactured have been certified for use by one
or more of the automobile manufacturers in China. For more
information please visit http://www.chinaxd.net/ . Safe Harbor
Statement This announcement contains forward-looking statements
within the meaning of the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. All statements other than
statements of historical fact in this announcement are
forward-looking statements, including but not limited to, the
Company's ability to increase the number of certifications; the
Company's ability to introduce new product applications for
automobiles; the effectiveness, profitability, and the
marketability of its products; the Company's ability to
successfully expand its production capacity; the company's ability
to protect its proprietary information; general economic and
business conditions; the volatility of the company's operating
results and financial condition; the company's ability to attract
or retain qualified senior management personnel and research and
development staff; and other risks detailed in the company's
filings with the Securities and Exchange Commission and available
on its website at http://www.sec.gov/ . These forward-looking
statements involve known and unknown risks and uncertainties and
are based on current expectations, assumptions, estimates and
projections about the companies and the industry. The company
undertakes no obligation to update forward-looking statements to
reflect subsequent occurring events or circumstances, or to changes
in its expectations, except as may be required by law. Although the
company believes that the expectations expressed in these forward
looking statements are reasonable, they cannot assure you that
their expectations will turn out to be correct, and investors are
cautioned that actual results may differ materially from the
anticipated results. For more information, please contact: China XD
Plastics Company Ltd. Mr. Taylor Zhang, CFO Phone: +1-212-747-1118
(New York) Mr. Allan Lao, IR Director Phone: +86-451-84346600
(China) Email: CCG Investor Relations Inc. Mr. Crocker Coulson,
President Phone: +1-646-213-1915 (New York) Mr. Ed Job, CFA Phone:
+1-646-213-1914 (New York) Email: Web: http://www.ccgirasia.com/
DATASOURCE: China XD Plastics Company Ltd. CONTACT: Mr. Taylor
Zhang, CFO, +1-212-747-1118 (New York), or Mr. Allan Lao, IR
Director, +86-451-84346600 (China), or , both of China XD Plastics
Company Ltd.; or Crocker Coulson, President, +1-646-213-1915 (New
York); or Ed Job, CFA, +1-646-213-1914 (New York), , both of CCG
Investor Relations Inc., for China XD Plastics Company Ltd. Web
site: http://www.nasdaq.com/about/marketsitetowervideo.asx
http://www.chinaxd.net/ http://www.ccgirasia.com/
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