China Technology Announces New Chief Financial Officer

HONG KONG, Aug. 27 /Xinhua-PRNewswire-FirstCall/ -- China Technology Development Group Corporation (Nasdaq: CTDC; "CTDC" or the "Company") today announced the appointment of Charlene Hua as the Company's new Chief Financial Officer, effective August 20, 2007, pursuant to a board resolution passed on the same date. This successful candidate was nominated by the Nominating Committee of the Company.

As Chief Financial Officer, Ms. Hua will be responsible for the development strategy of the Company's Finance department, financial planning, implementation of internal controls and integration of CTDC's subsidiaries operations.

Ms. Hua brings over 10 years of diverse experience in banking, consulting, finance and business development to the Company. Prior to joining the Company, Ms. Hua worked as a Vice President at Citigroup Global Markets, Inc. since 2005. In addition, she held senior positions at other major corporations such as JP Morgan Chase, Arthur Andersen, Electronic Data System, etc.

"We are very pleased that our management team is joined by a highly experienced professional from a Wall Street firm. We believe that her expertise and competence in financial markets will be a tremendous asset to the Company, which will allow the Company to successfully implement our business strategy and to further strengthen our market position, as well as to improve the effective communications with our global investors," Mr. Alan Li, Chairman of the Board of the Company, commented on the appointment.

"I am excited that I have the opportunity to work in such a dynamic company, which is the first Nasdaq-listed subsidiary of China Merchants Group and is poised for promising growth. I hope that my work will enable CTDC to reach new heights in the future," said Ms. Hua.

About CTDC:

CTDC is engaged in information network security and nutraceutical business in the People's Republic of China. CTDC's ultimate principal shareholder is China Merch