2nd Mar 2006 07:01
China Shoto plc02 March 2006 Press Release 2 March 2006 China Shoto plc ("China Shoto" or "the Company") Pre-close Statement China Shoto plc (AIM:CHNS), a leading Chinese producer of industrial batteriesand power supply systems, today announces that the Company, will announce itsmaiden results for the year ended 31 December 2005 on Tuesday 18 April 2006. Ananalyst briefing will be held at 09:30 that same morning at the offices ofAbchurch Communications, 100 Cannon Street, London EC4N 6EU. The Directors are pleased to confirm that net profit figure will be ahead ofmarket expectations. The Directors are also very satisfied with the progressachieved during the last financial year and are confident that a good platformhas been established for future growth. Good progress continues to be made by the Company in the supply of VRLAbatteries for pilot 3G applications to China Mobile, one of the largestcompanies in China. In the past quarter, China Mobile's average net level ofnew subscribers for basic services rose by 3.9 million a month. Ahead of 3Glicences being awarded, China Mobile and other domestic operators are preparingfor the launch of 3G services before the 2008 Olympics in Beijing. In 2005,China Shoto saw a doubling in product sales to China Mobile and the Companybelieves that this rate of growth will continue in the current financial year. China Shoto listed on the AIM market of the London Stock Exchange in December2005. - Ends - For further information:China Shoto plcCao Guifa, Executive Chairman Tel: +44 (0) 20 7398 7700 www.chinashoto.com Seymour Pierce LimitedJohn Depasquale Tel: +44 (0) 20 7107 [email protected] www.seymourpierce.com Media enquiries:AbchurchHenry Harrison-Topham / Katherine Murphy Tel: +44 (0) 20 7398 [email protected] www.abchurch-group.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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