China Sun Group's CEO Interviewed by Bloomberg News

DALIAN, China, Feb. 15, 2011 /PRNewswire-Asia-FirstCall/ -- China Sun Group High-Tech Co. (OTC Bulletin Board: CSGH) ("China Sun Group" or the "Company"), a vertically integrated supplier of raw materials for rechargeable lithium-ion (Li-ion) batteries in China, today announced that the Company's Chief Executive Officer, Mr. Guosheng Fu, was featured in an interview with Bloomberg News.

In the interview, Mr. Fu commented that China Sun is expanding production capacity and holding acquisition talks, in anticipation of a doubling of demand due to China's goal to build one million electric vehicles by 2015, and the Company is also planning to launch production of electric-car batteries by 2013.

"China Sun Group will increase its number of production lines from three to five and raise annual output capacity of lithium iron phosphate by 67 percent to 1,000 metric tons by December 2011. The Company is seeking acquisition opportunities among its suppliers, to move upwards along the value chain. China Sun Group also plans to invest 320 million Yuan ($49 million), about the same value as its current market capitalization, in this investment and expansion for the production of lithium iron phosphate batteries, which will be used in electric cars by 2013," Mr. Fu continued.

"Lithium iron phosphate, which comprises about one third of the Company's sales today, will be more demanded as Chinese consumption of battery materials used in electric cars at least doubles in 2011," Mr. Fu said. "China Sun is targeting growth from the China domestic market, the world's largest automobile market. China is promoting the use of electric vehicles and aims to have produced its one-millionth electric vehicle by 2015," continued Mr. Fu.

About China Sun Group High-Tech Co.

China Sun Group High-Tech Co. ("China Sun Group") produces anode materials used in lithium ion batteries. Through its wholly-owned operating subsidiary, Dalian Xinyang High-Tech Development Co. Ltd ("DLX"), the Company primarily produces cobaltosic oxide and lithium cobalt oxide. According to the China Battery Industry Association, DLX has the second largest cobalt series production capacity in the People's Republic of China. Through its research and development division, DLX owns a proprietary series of nanometer technologies that supply state-of-the-art components for advanced lithium ion batteries. Leveraging its state-of-the-art technology, high-quality product line and scalable production capacity, the Company has recently diversified into the manufacture of LIP and plans to forward integrate to manufacture of power Li-ion batteries.  For more information, visit http://www.china-sun.cn.

Safe Harbor Statement

The statements contained herein that are not historical facts are considered "forward-looking statements." Such forward-looking statements may be identified by, among other things, the use of forward-looking terminology such as "believes," "expects," "may," "will," "should," or "anticipates" or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. In particular, statements regarding the Company's ability to become a leading anode material supplier for Li-ion batteries used in the new energy automobile industry are examples of such forward-looking statements. The forward-looking statements include risks and uncertainties, including, but not limited to, the effect of political, economic, and market conditions and geopolitical events; legislative and regulatory changes that affect our business; the availability of funds and working capital; the actions and initiatives of current and potential competitors; investor sentiment; and our reputation. We do not undertake any responsibility to publicly release any revisions to these forward-looking statements to take into account events or circumstances that occur after the date of this report. Additionally, we do not undertake any responsibility to update you on the occurrence of any unanticipated events, which may cause actual results to differ from those expressed or implied by any forward-looking statements. The factors discussed herein are expressed from time to time in our filings with the Securities and Exchange Commission available at http://www.sec.gov.

SOURCE China Sun Group High-Tech Co., Ltd.

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