BEIJING, Sep. 18, 2009 (Xinhua News Agency) -- China Technology Development Group

Corporation (CTDC.NASDAQ), a provider of solar energy products and so lutions in China, announced Thursday that the board of directors of th e company has adopted resolutions to implement its merger and acquisit ion strategy in the green energy industry.

"At the key turning point of economic recovery and global solar ind ustry development, we believe it is opportune for us to implement our growth strategy through acquisition," commented Mr. Alan Li, Chairman and CEO of the Company.

To increase shareholders' value, major factors of acquisition targe ts considered by the management will include capability for technology

development and innovation, distribution channels for end-products, r evenues and cash-inflow; and, growth potential in the industry.

According to Li, the company has been contacting and negotiating wi th several acquisition targets and plan to close four to six acquisiti ons of solar product manufacturers by 2010.