LFP - Large-Format-Printing

China Display Technologies Secures Long-term Supply Contract for Mid- to Large-sized Backlight Unit Production

Thursday 29. May 2008 - China Display Technologies, Inc. (BULLETIN BOARD: CDYT) ("China Display", or "the Company"), a leading manufacturer of optoelectronic products, specializing in small- to mid-sized LED and CCFL backlight units for LCD displays in China, today announced it secured a long-term supply contract with Skyworth Group (Hong Kong Stock Exchange: 0751) for mid- to large-sized backlight unit production.

Skyworth Group is engaged in the research, manufacture, sale and distribution of TV’s, AV and digital set-top boxes in China and international markets. It has been the number one China OEM and ODM TV exporter since 1995 for 8 consecutive years and one of the top three TV manufacturers in China. It is the largest flat panel display manufacturer, producing a full range of LCD TV’s that are sold both domestically and internationally. It is listed on the Hong Kong Stock Exchange.

“After months’ effort, we are extremely pleased that Skyworth has recognized us as one of their qualified, long-term suppliers of backlight units,” said Mr. Lawrence Chan, CEO of China Display Technologies. “This contract should help us to execute on our strategy to penetrate the mid- to large-sized (12″ – 42″) LCD TV BLU market. We expect continued strong sales growth as we benefit from an expanded product offering targeting the LCD-TV market which is considered to enjoy a relatively high profit margin.”