China Digital Communication Group We are a publicly-traded emerging growth company that taps China's unparalleled manufacturing power to meet the world's vast demand for batteries and other products related to digital mobile devices. With the acquisition of Shenzhen E'Jenie Technology Development Ltd. in 2004 and Sono Digital Electronic Technology Co, Ltd. in 2006, we are now one of the leading makers of battery shells and manufacturers of telecommunication equipments in China. In 2006 we successfully acquired We plan to continue using licenses, joint ventures, mergers and acquisitions to expand our activities in battery and telecom equipment, in China and other markets, including the U.S.
We are traded on the Nasdaq Bulletin Board under the symbol CHID. Click here for current price and news, or here for financial reports, SEC filings and other news of interest to investors.
Company Overview and History China Digital Communication Group [OTCBB: CHID] is a U.S. (Nevada) corporation with its business headquarters in Shenzhen, one of China's key manufacturing centers. Its primary business is the manufacture of components for batteries used in mobile phones and other digital devices. The company has set a strategic goal of becoming the largest telecom-equipment producer, marketer and distributor in China, with a significant presence in the U.S. market as well.
CHID began in a December 2003 reverse merger with the Nevada-incorporated shell company Jasmine's Garden, which has discontinued a business of producing greeting cards and related products. The transaction was carried out by Cheering Limited, a British Virgin Islands investment holding company, which acquired about 95% of Jasmine's Gardens common stock, for $221,221 in cash. The Company was then re-named China Digital Communication Group and adopted its current business strategy of building a major China-based manufacturing business through acquisitions, joint ventures and other means.
The most significant step in that strategy came in November 2004, when CHID acquired Shenzhen E'Jenie Technology Development Ltd. and became one of the leading Chinese manufacturers of steel and aluminum battery shells.
With China becoming the world's manufacturing hub for cell phones and other digital mobile devices, E'Jenie is strategically positioned to supply vast numbers of battery shells for lithium-Ion batteries, an industry standard in today's digital world. With the E'Jenie acquisition, CHID is now a major presence in Chinese electronics manufacturing, with some 500 employees and potentially worldwide market reach.
Following up on the E'Jenie acquisition, CHID is surveying the landscape of battery distribution networks in the U.S. The company's medium-term strategy is to use licenses, joint ventures, mergers and acquisitions to seek business combinations linking Chinese manufacturing companies with U.S. distribution networks.
The Management Team
China Digital's more than 500-strong workforce is led by highly skilled technicians and engineers. The top two officers all have extensive experience in the Shenzhen high-technology sector. They are:
-- CEO, Mr. Xu Zhongnan has over 40 years experience in manufacturing and management. He graduated from Wuhan Steel Institute where he earned a Bachelor of Science degree. He served as the Secretary of the Youth Union of Er Cheng Steel Manufactory for 5 years, supervising ? of total employees' of the Manufactory. Later as CEO of Er Cheng Magnet Steel Manufactory, Mr. Xu dedicated himself in developing new products and using leading technology to maintain the products' competitive advantage. He served as the CEO of Er Cheng Magnet Steel Manufactory for 12 years. He also served as a CEO for Er Cheng Machinery Manufactory for 6 years. Mr. Xu served as a director of Enterprise Management Committee of Dingzu town of Er Zhou city for 5 years. Mr. Xu founded Yi Xiang Chemical Co., Ltd. (Yi Xiang) and served as a CEO of the company for 7 years. From 2002 until now, Mr. Xu served as General Manager of Shenzhen E'Jenie Science and Technology Co., Ltd., during which term he devoted himself to develop new technology and maintain the distribution network for E'jenie.
-- CFO, Wu Jiangcheng was appointed as Chief Financial Officer of the Company. Ms. Wu, age 47, served as a former CFO of Shenzhen Xie Fu Shun Co., Ltd. She was the CFO of Shenzhen Wan De Plastic Manufacturing Co., Ltd. from 1991 to 2000. From 1990 to 1991, she was an accounting manager of Shenzhen Chaoyin Electric Co., Ltd. Ms. Wu graduated in accounting major from Hu Bei Economic and Management Institute after 1990.