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China Security & Surveillance Announces Resignation of President, Mr. Shufang Yang
Friday, May 09, 2008
SHENZHEN, China, May 9 /Xinhua-PRNewswire/ -- China Security &
Surveillance Technology, Inc. (NYSE: CSR)('CSST'), a leading provider of
security solutions in China, today announced that its President, Mr. Shufang
Yang, has resigned effective May 6th, 2008. Mr. Yang intends to pursue other
endeavors outside of the security industry and his departure is not a result
of any disagreement with the Company. Mr. Yang will be retained as a
consultant to CSST for five years.
Mr. Yang has been with CSST since the acquisition of Shanghai Chengfeng in
July 2006. He was the CEO of Shanghai Chengfeng until August 2006 when he was
appointed COO of CSST. His successor at Shanghai Chengfeng, Mr. Sun Hui, who
has worked at Chengfeng for seven years, has been successfully running and
managing this business since Mr. Yang's promotion to COO.
In January 2008, Mr. Yang was promoted to President and relinquished the
COO position to Mr. Daiyou Qian, who was formerly the CEO of Tsingvision
Intelligence, a company that CSST acquired in July 2007. Mr. Qian has since
successfully taken over the majority of daily operating duties and
responsibilities from Mr. Yang.
''Mr. Yang has been a significant contributor to CSST's success since he
joined our company in July 2006,'' commented CSST CEO and Chairman, Mr.
Guoshen Tu. ''We appreciate Mr. Yang's efforts in guiding our operating
strategy through strong periods of growth. As a consultant, he will be an
asset to our company in the advisory capacity. I'd also like to wish him the
best in his future endeavor.''
''We are pleased that both our managerial and executive teams are now
compromised of more professional people with advanced levels of knowledge and
expertise. The contributions from these individuals have resulted in
increased operating results for our business. We look forward to continually
adding skilled, experienced professionals to our team and remain highly
encouraged about our prospects for continued growth.''
On the announcement, Mr. Yang commented: ''My decision to relinquish
management and operational roles within the group is solely based upon
personal considerations. I look forward to continuing to provide my support
and business relations as a consultant to the group. I am pleased that CSST
is now at the stage where there are a greater number of highly qualified,
experienced professionals who can manage and operate CSST's established and
emerging business segments more efficiently and effectively.''
About China Security & Surveillance Technology, Inc.
Based in Shenzhen, China, China Security manufactures, distributes,
installs and maintains security and surveillance systems throughout the PRC.
China Security has manufacturing facilities located in China and an R&D
facility which maintains an exclusive collaboration agreement with Beijing
University. China Security has built a diversified customer base through its
extensive sales and service network that includes numerous points of presence
throughout the PRC. To learn more about the Company visit
http://www.csst.com .
SOURCE China Security & Surveillance Technology, Inc.
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