HONG KONG – February 1, 2013 – Renewable Energy Trade Board Corporation, formerly known as China Technology Development Group Corporation (Nasdaq: EBOD; “we” or the “Company”), a fast growing clean energy group in China based in Hong Kong, today announced that it intends to voluntarily delist its common stock from the Nasdaq Stock Market and deregister the Company as a reporting company with the Securities and Exchange Commission (the “SEC”).
The Company has notified the Nasdaq Stock Market of its intent to voluntarily delist its common stock from the Nasdaq Capital Market and will file a notice on Form 25 relating to the delisting of its common stock with the SEC on or about February 11, 2013, but no earlier than February 11, 2013. The Company expects that the trading of its common stock on the Nasdaq Capital Market will be suspended on the date the Form 25 is filed, with the official delisting of the Company’s common stock becoming effective ten days thereafter. Simultaneously with the effectiveness of delisting, the Company plans to file a Form 15 with the SEC to terminate its reporting obligations under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Upon the filing of the Form 15, the Company’s obligations to file certain reports with the SEC, including Form 20-F and Form 6-K, will immediately be suspended. The Company expects that the deregistration of its common stock will become effective ninety days after the date the Form 15 is filed. The deregistration of the Company’s common stock is subject to the SEC’s review.
Following the delisting, it is expected that the trading of the Company’s common stock by continuing shareholders may be effected through privately negotiated transactions or on the Pink Sheets, a centralized electronic quotation service for over-the-counter securities, so long as market makers demonstrate an interest in trading in the Company’s common stock. However, the Company can provide no assurance that the trading in its common stock will continue in the Pink Sheets or in any other form. More information about the Pink Sheets can be obtained from its website at