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8-K - 8-K - DUOYUAN PRINTING, INC. | h04503e8vk.htm |
EX-99.3 - EX-99.3 - DUOYUAN PRINTING, INC. | h04503exv99w3.htm |
EX-99.2 - EX-99.2 - DUOYUAN PRINTING, INC. | h04503exv99w2.htm |
Exhibit 99.1 Press Release, dated September 27, 2010, issued by the Company
Duoyuan Printing Appoints Sik Siu Kwan to its Board of Directors
BEIJING, September 27, 2010 Duoyuan Printing, Inc. (NYSE: DYP) (Duoyuan Printing or the
Company), a leading offset printing equipment supplier in China, today announced the appointment
of Sik Siu Kwan to its board of directors, effective from September 26, 2010. Mr. Sik will also
serve on the Companys audit committee.
Mr. Sik has more than twenty years of experience in investment banking and finance. Mr. Sik is an
independent non-executive director of Simcere Pharmaceutical Group (NYSE:SCR) and China Nepstar
Chain Drugstore Limited (NYSE: NPD), both listed on the New York Stock Exchange. He is also an
independent non-executive director of China Glass Holdings Limited, a company listed on the Hong
Kong Stock Exchange. He has held senior positions with DBS Asia Capital Limited and Mitsubishi UFJ
Securities (HK) Limited, as well as ICEA Capital Limited, the investment banking arm of ICBC, where
he was responsible for business development and regional business operations. Mr. Sik obtained both
a Bachelors degree in engineering with first class honors and a Masters degree from Oxford
University in 1989 and 2006 respectively. He is a member of The Institute of Chartered Accountants
in England and Wales and a fellow member of the Hong Kong Institute of Certified Public
Accountants.
Our management team welcomes Mr. Sik to the board, commented Mr. Wenhua Guo, Chairman and founder
of Duoyuan Printing. Our first priority will be to work closely with the audit committee to
address open topics and finalize our 10-K filing. I am confident that Mr. Sik has the ideal range
of experience to help us rebuild investor confidence in Duoyuan Printing and assist us as we grow
our business.
I am excited to join Duoyuan Printing at this critical time for the Company, commented Mr. Sik.
Duoyuan Printings management are committed to high standards of corporate governance and I will
be working to help them achieve and maintain these standards going forward.
About Duoyuan Printing
Duoyuan Printing (NYSE: DYP) is a leading manufacturer of commercial offset printing presses in
China. The Company combines technical innovation and precision engineering to offer a broad range
of printing equipment and solutions. Duoyuan Printing has manufacturing and research and
development facilities in Langfang, Hebei Province and Shaoyang, Hunan Province in addition to a
distribution and service network with over 85 distributors that operate in over 65 cities and 28
provinces in China. Headquartered in Beijing, the Company is one of the largest non-government
owned major offset printing equipment and solutions providers in China. For further information,
please visit Duoyuan Printings website http://www.duoyuan.com.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve risks,
uncertainties and assumptions. All statements other than statements of historical fact in this
press release are forward-looking statements, including but not limited to, our future financial
condition, our expected corporate governance improvements, the future growth of our business, our
ability to resolve open audit issues and schedule of the filing of our annual report. These
forward-looking statements are based on managements current expectations, assumptions, estimates
and projections about the Company and the industry in which the Company operates, but involve a
number of unknown risks and uncertainties, including, without limitation, our ability to sustain
our recent profitability and growth rates, our ability to retain an independent registered public
accounting firm, the possibility that we may not meet our strategic goals or may develop other
priorities, and other risk factors detailed in our Annual Report on Form 10-K for the fiscal year
ended June 30, 2009 and in our subsequent reports on Form 10-Q filed with the Securities and
Exchange Commission and available at http://www.sec.gov. The Company undertakes no obligation to
update forward-looking statements to reflect subsequent occurring events or circumstances, or
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 such expectations will turn out to be correct, and actual results may differ materially from
the anticipated results. You are urged to consider these factors carefully in evaluating the
forward-looking statements contained herein and are cautioned not to place undue reliance on such
forward-looking statements, which are qualified in their entirety by these cautionary statements.
For investor and media enquiries please contact:
Brunswick Group
Henry Fraser
Tel: +86-10-6566-2256
Email: duoyuanprinting@brunswickgroup.com
Henry Fraser
Tel: +86-10-6566-2256
Email: duoyuanprinting@brunswickgroup.com