Last checked at 15 Sep 2009 07:01
China Shoto plc
('China Shoto' or 'the Company')
Directorate Change
The Company announces that Mr. Cao Guifa has stepped down from the Board to pursue other interests, and Mr. Yang Shanji will take over the post of Chairman.
The Board would like to thank Mr. Cao Guifa for his contribution to China Shoto for the past four years.
Mr Cao Guifa will also be cancelling his right to exercise his share options. He currently holds 300,000 options at an exercise price of £1.3. These options will be cancelled.
For further information
China Shoto plc
Yang Shanji, Chief Executive and Chairman: +44 20 7242 2666/ +86 159 6108 0515
www.chinashoto.com
Seymour Pierce Limited
John Depasquale/Huaizheng Peng: +44 20 7107 8000
jdp@seymourpierce.com www.seymourpierce.com
Media enquiries
First City Public Relations
Allan Piper/Jiang Lei: +44 20 7242 2666/ +852 2854 2666
lei@firstcitypr.com www.firstcitypr.cn