The Chairman and CEO of China XD Plastics Company Limited, Jie Han said: "It is the fifth consecutive annual industry expert seminar that China XD Plastics holds. We are excited that the company received the endorsements of industry leading experts in China's macromolecule material industry. This cements our company's determination of diversifying our product mix, and continuing increase in R&D investment. Looking forward, our company will continue our commitment to research and development as before; deepen the technology exchanges and cooperation with domestic and international industry leading experts and scholars. Our company strives to solidify its industry status in the field of modified plastic new materials. Meanwhile, our company is poised to transform from the leading domestic automobile modified plastics manufacturer to leading domestic specialty chemical player, and to create greater long-term value for the Company and the shareholders."
About China XD Plastics Company Limited
China XD Plastics Company Limited, through its wholly-owned subsidiaries, develops, manufactures and sells modified plastics, primarily for automotive applications. The Company's products are used in the exterior and interior trim and in the functional components of 23 automobile brands manufactured in China, including AUDI, BMW, Toyota, Buick, Mazda, VW Golf, Jetta, and Hafei new energy vehicles. The Company's wholly-owned research center is dedicated to the research and development of modified plastics, and benefits from its cooperation with well-known scientists from prestigious universities in China. As of September 30, 2012, 236 of the Company's products have been certified for use by one or more of the automobile manufacturers in China. For more information please visit http://cxdc.irpage.net/.
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, statements reflecting management's current beliefs regarding the market acceptability, technological feasibility, and expected return of our research and development projects; policy trends in plastics new materials; macro-economic environment and future market trends; our ability to transition into a leading domestic specialty chemical player; and our future growth prospects and market position. These statements and other forward-looking statements are subject to uncertainties and risks detailed in the Company's filings with the Securities and Exchange Commission and available on its website at http://www.sec.gov. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
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