ShengdaTech Appoints A. Carl Mudd as Lead Independent Director

SHANGHAI, Jan. 31, 2011 /PRNewswire-Asia-FirstCall/ -- ShengdaTech, Inc. ("ShengdaTech" or the "Company") (Nasdaq: SDTH), a leading manufacturer of nano-precipitated calcium carbonate ("NPCC") in China, today announced that the Company's board of directors has appointed A. Carl Mudd to the position of lead independent director.

Among his key responsibilities in this position, Mr. Mudd will coordinate the activities of the independent directors of the board, serve as a formal liaison between the Company's senior management and the independent directors, chair executive sessions of the board's independent directors, coordinate the activities of the Board's operating committees and assist management in maintaining effective communication with the Company's shareholders.

Mr. Mudd has been an independent member of ShengdaTech's board since 2007. He will continue to be chairman of the Company's audit committee as well as a member of the board's compensation committee and nominating and corporate governance committee.

With extensive management experience, especially in the financial area, he has spent over 18 years consulting with and mentoring CEOs and board of directors of major companies on global strategy, business processes and international operations. In addition, he has 27 years of experience in international companies holding the key executive positions of chief financial officer, chief operating officer, and president. Mr. Mudd currently and has previously served as a member of the board of directors and chairman of the audit committee of other China- and U.S.-based NASDAQ and AMEX listed companies and as an advisory director to a privately held company. He is also a Statutory Director of the National Association of Corporate Directors-North Texas Chapter and a Director in Residence with the Institute for Excellence in Corporate Governance-School of Management, University of Texas at Dallas. He is a Certified Public Accountant, holds a business degree from St. Edward's University in Austin, Texas and a Certification of Director Education from The National Association of Corporate Directors Institute.

"Appointing a lead director is a common practice of many progressive companies and with our record of double digit growth and the high priority we place on the successful execution our strategic plans, we believe this appointment will further strengthen our board's performance. In this post, Carl will ensure that we continue to work together in a well-coordinated, effective and efficient manner. We believe this reflects our strong commitment to good corporate governance practices and will prove beneficial to the Company and our shareholders," commented Mr. Xiangzhi Chen, ShengdaTech's chairman and chief executive officer.

About ShengdaTech, Inc.

ShengdaTech is engaged in the business of manufacturing, marketing, and selling nano-precipitated calcium carbonate ("NPCC") products. The Company converts limestone into NPCC using its proprietary and patent-protected technology. NPCC products are increasingly used in tires, paper, paints, building materials, and other chemical products. In addition to its broad customer base in China, the Company currently exports to Singapore, Thailand, South Korea, Malaysia, India and Latvia. For more information, contact CCG Investor Relations directly or go to ShengdaTech's website at http://www.shengdatechinc.com.

Safe Harbor Statement

Under the Private Securities Litigation Reform Act of 1995: Certain statements in this press release and oral statements made by ShengdaTech on its conference call in relation to this release, constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements include, without limitation, statements regarding the appointment of A. Carl Mudd as lead director and predictions and guidance relating to the Company's future financial performance. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs but they involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, which may include, but are not limited to, such factors as unanticipated changes in product demand especially in the tire industry, changes in composition of tires, the Company's ability to meet the planned expansion schedule for its NPCC capacity, the Company's ability to identify acquisition targets, changes to government regulations, risk associated with operation of the Company's new manufacturing facility, ability to attract new customers, ability to increase its product's applications, ability of its customers to sell products, cost of raw material, downturns in the Chinese economy, and other information detailed from time to time in the Company's filings and future filings with the United States Securities and Exchange Commission. You are urged to consider these factors care in evaluating the forward-looking statements herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement. The forward-looking statements made herein speak only as of the date of this press release and the Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.

SOURCE ShengdaTech, Inc.

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