China Digital Communication Group Announces Leadership Changes

Strategic Insights -

Yi Bo Sun, the former CEO, Director, and Chairman of China Digital Communication Group, has resigned effective January 19, 2006. Sun's departure marks the beginning of a new era for the company, with Chang Chun Zheng as the new CEO and Chairman of the Board, and Hong Liang as the Chief Operating Officer and Director. The changes are aimed at capitalizing on the opportunities presented by the development of 3G technologies in the next five years. Zheng and Liang bring with them extensive experience in corporate finance, accounting, and technology, and are expected to lead the company forward with its merger and acquisition strategy.

Key Takeaways:

  • Yi Bo Sun, former CEO, has resigned from China Digital effective January 19, 2006, citing the need for new leadership to capitalize on 3G technology opportunities.
  • Chang Chun Zheng, new CEO and Chairman of the Board, has over 20 years of experience in corporate banking, securities, and technology, with a background in business appraisal, commercial loans, and capital raises.
  • Hong Liang, new Chief Operating Officer and Director, has over ten years of experience in corporate finance and accounting, SEC regulations, and securities law throughout China, Hong Kong, and Singapore.
  • The company has appointed new leadership to focus on expanding its operations across China and seeking distribution partners in the United States.
  • China Digital Communication Group is a rapidly growing manufacturer of battery shells and related technology for use in electronic products, primarily mobile phones.
  • The company has adopted an approach of using licenses, joint ventures, mergers, and acquisitions to bring battery and telecom equipment makers in China to international markets.

Statistics:

  • China Digital Communication Group has been in operation since December 2003.
  • The company has seen rapid growth since its inception, with a focus on expanding its operations across China.
  • The company has a built a network of resources in China, with a significant presence in the Asia-Pacific region.
  • China Digital Communication Group has a history of successfully completing mergers and acquisitions in China, with a focus on expanding its global reach.
  • The company's products now power digital cameras, camera phones, PDAs, and laptop computers in East Asia and beyond.

Sources:

  • China Digital Communication Group (OTC BB: CHID)
  • Market Wire via COMTEX (Los Angeles, CA, and Shenzhen, China)
  • China Digital Communication Group's corporate filings with the Securities and Exchange Commission (SEC)
  • China Digital Communication Group's website (www.chinadigitalgroup.com)