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SUN EAST TECHNOLOGY (HOLDINGS) LIMITED
Announces Executive Appointment
Hong Kong, October 22, 2003 - China's leading electronics production equipment supplier Sun East Technology (Holdings) Ltd (SEHK: 365) announces the appointment of Mr Joe But Tin Fu as Chairman (formerly Vice Chairman). Mr But Tin Hing will continue to serve as an executive director and focus on production and product development operations. The executive appointments came into effect on October 20, 2003.
Fundamental reforms in the electronics sector of China are anticipated following the implementation of the country's lead-free manufacturing policy in three years. This, coupled with the industry trend to automate production and logistics, will present challenges and opportunities for the Group. To capture this upcoming new wave, the Group has partnered with the Harbin Industrial University (HIU) to develop new-generation lead-free soldering technologies. Mr But Tin Hing will redouble his efforts in researching into new products and technologies, with a view to speeding up the pace of product development.
Mr Joe But Tin Fu, Chairman of Sun East Technology, remarked: "Mr But Tin Hing has contributed immensely to our Group's participation and leadership in lead-free soldering business. He will continue to spearhead our R&D of new products to build growth drivers to sustain our business development."
Mr Joe But Tin Fu will dedicate his undivided attention to the development and implementation of corporate advancement strategies, with special focus in corporate governance. "As a major upstream equipment supplier, we at Sun East Technology will continue to collaborate with electronics industry participants, Government and academics to advance our country's manufacturing technologies. We believe this is the way to lead our industry to continued success. I also pledge my full efforts in maintaining open avenues for communication with our shareholders and investors," said Mr Joe But Tin-fu.
About Sun East Technology
Sun East Technology (Holdings) Ltd (SEHK: 365) is a leading electronics equipment supplier in China, offering a full range of surface-mount treatment (SMT), screen printing, soldering, cleaning, coating and logistics equipment. It is the largest soldering equipment supplier in China. The Group operates two production bases in Shenzhen and Shanghai with a total floor area of 76,300 sq m and employing a staff of 1,800 including 300 engineers. The Group became the first ISO9001 accredited equipment supplier in China in 1998.
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