China Sun Group High-Tech Co., Ltd. Honored as a Leading Contributor to Liaoning Province's Electronic Information Industry

DALIAN, China, April 29 /PRNewswire-Asia-FirstCall/ -- China Sun Group High-Tech Co., Ltd. (OTC Bulletin Board: CSGH) ("China Sun Group" or the "Company"), a vertically integrated supplier of cobalt-based raw materials for rechargeable Lithium-ion (Li) batteries in China announced today that it has been honored by the government of Liaoning province as a leading contributor to its electronic information industry.

Dalian Economic and Information Technology Committee (the Committee) recently announced that it has selected 15 key projects from among 11 companies within Liaoning province in order to improve and upgrade Dalian's industry and information technology, and promote stable and rapid industrial growth within the province.

One of the key projects selected is the industrialization of lithium iron phosphate (LIP) used as an anode material for Li batteries manufactured by Dalian Xinyang High-Tech Development Co., Ltd. ("DLX") a 100% owned subsidiary of China Sun Group. This project will benefit from the support of the Committee and the Dalian government through the award of subsidies which will help insure a successful and timely ramp up of LIP production.

DLX forecasts that during the period from 2009 to 2012, it will have invested a total of $17.6 million (120 million RMB) in the R&D and industrialization of LIP. DLX invested $6.6 million (45 million RMB) in 2009 and expects to invest an additional $2.5 million (17 million RMB) during 2010. By the end of 2012, DLX expects to achieve a manufacturing capacity of 2,000 tons. This requires investment in 12 production lines in addition to state of the art equipment. Currently DLX is capable of producing up to 50 tons of LIP per month used in 100Ah's automobile power batteries, which have been certified by the National Automobile New Product Quality Supervision and Test Center.

"We are honored to be recognized by the government of Liaoning province as a leading contributor to its electronic information industry," commented Bin Wang, Chairman and CEO of China Sun Group. "China Sun Group is encouraged by the government's support to continue to advance our technologies and capabilities, and strengthen the breadth and depth of our portfolio of lithium iron phosphate products."

About China Sun Group High-Tech Co., Ltd.

China Sun Group High-Tech Co., ("China Sun Group") produces anode materials used in lithium ion batteries. Through its wholly-owned operating subsidiary, Dalian Xinyang High-Tech Development Co. Ltd ("DLX"), the Company primarily produces cobaltosic oxide and lithium cobalt oxide. According to the China Battery Industry Association, DLX has the second largest cobalt series production capacity in the People's Republic of China. Through its research and development division, DLX owns a proprietary series of nanometer technologies that supply state-of-the-art components for advanced lithium ion batteries. Leveraging its state-of-the-art technology, high-quality product line and scalable production capacity, the Company plans to create a fully integrated supply chain from the primary manufacturing of cobalt ore to finished products, including lithium ion batteries. For more information, visit http://www.china-sun.cn .

Safe Harbor Statement

The statements contained herein that are not historical facts are considered "forward-looking statements." Such forward-looking statements may be identified by, among other things, the use of forward-looking terminology such as "believes," "expects," "may," "will," "should," or "anticipates" or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. In particular, statements regarding the potential growth of the markets are examples of such forward-looking statements. The forward-looking statements include risks and uncertainties, including, but not limited to, the effect of political, economic, and market conditions and geopolitical events; legislative and regulatory changes that affect our business; the availability of funds and working capital; the actions and initiatives of current and potential competitors; investor sentiment; and our reputation. We do not undertake any responsibility to publicly release any revisions to these forward-looking statements to take into account events or circumstances that occur after the date of this report. Additionally, we do not undertake any responsibility to update you on the occurrence of any unanticipated events, which may cause actual results to differ from those expressed or implied by any forward- looking statements. The factors discussed herein are expressed from time to time in our filings with the Securities and Exchange Commission available at http://www.sec.gov.

    For more information, please contact:

    Company Contact:

     Mr. Guosheng Fu, Vice President
     China Sun Group High-Tech Co., Ltd
     Tel:   +86-411-8288-9800/8289-2736 (China)
     Email: [email protected]
     Web:   http://www.china-sun.cn

    Investor Relations Contact:

     Mr. Pierre Maccagno, Account Manager
     Email: [email protected]
     Tel:   +1-646-833-3422

     Mr. Crocker Coulson, President
     Email: [email protected]
     Tel:   +1-646-213-1915

     CCG Investor Relations
     Web:   http://www.ccgirasia.com

SOURCE China Sun Group High-Tech Co., Ltd.