HONG KONG, Sept. 4, 2009 (GLOBE NEWSWIRE) -- China Technology Development Group Corporation (Nasdaq:CTDC) ("CTDC" or "the Company"), a provider of solar energy products and solutions in China, today announced the board has appointed Mr. Frederick Tang, who has been working with the Company as Vice President, as the Company's new Chief Financial Officer to replace Mr. Gary Leung who resigned for his personal reason, effective from September 1, 2009, in accordance with the recommendation from the Company's Nominating Committee.

Prior to joining CTDC, Mr. Tang acted as Finance Director and Company Secretary in several reputable international corporations in Hong Kong, Shanghai and Southeast Asian countries, including ecSolutions Corporation (Shanghai) Ltd and Beauty Spark Engineering Limited. In addition, he had worked at Deloitte Touche Tohmatsu (HK) for over 8 years, with extensive experience in auditing, taxation and training. Mr. Tang is a fellow member of the Association of Chartered Certified Accountants ("FCCA") and an associate of Hong Kong Institute of Certified Public Accountants ("CPA"). He received a Bachelors degree in Accounting and Finance from Brighton University, and a Masters degree in Financial Management from University of London.

Mr. Tang, who brings to CTDC more than eighteen years of experience in corporate finance, merger and acquisition, fund raising and investor relations, will report directly to Mr. Alan Li, Chairman and CEO of the Company, and will be responsible for the overall financial management.

Mr. Alan Li commented that: "We are delighted to have Mr. Tang to take up this vital role in our management team. Moving into a new step at a turning point of PV industry in China, we are convinced that Mr. Tang's extensive financial management experience will help the Company to enter our next phrase of growth."

"I am pleased to join the Company," said Mr. Tang. "I look forward to working closely with the management team and devote my professional experience to assist CTDC in achieving its goals. I am confident that the Company will realize its mission of building a greener world by bringing clean and affordable energy to every family in China."

About CTDC:

CTDC is a provider of solar energy products and solutions in China.