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PRESS RELEASE
FOR IMMEDIATE RELEASE
12th October, 2008
 

CHINA SECURITY & SURVEILLANCE TECHNOLOGY, INC.’S SHARES
TO START TRADING
ON THE DUBAI INTERNATIONAL FINANCIAL EXCHANGE TOMORROW

 

SHENZEN, NEW YORK and DUBAI – China Security & Surveillance Technology, Inc. (''CSR'' or the “Company”), a leading provider of security solutions in China, today announced that its shares will commence trading on the Dubai International Financial Exchange (''DIFX'') tomorrow, the 13th October, 2008. The ordinary shares will trade in U.S. dollars under the ticker symbol, ‘CSR’.

“Another milestone in our corporate history has been achieved and we are delighted to have been accepted by the DIFX as the first of what we believe will be many Chinese companies to list on this market,” said Chairman and Chief Executive Officer of the Company, Mr. Guoshen Tu.

When asked why he decided to list his Company’s shares on the DIFX, Mr. Tu stated “Dubai is now clearly established as one of the world’s major financial centres. It is also a great base for the regional expansion of our business. If we are to commit to the region, it is only logical that we list our shares here for branding purposes. We have a very good institutional following in New York and we believe that we can establish the same type of long term investor loyalty here. We hope that the Company’s strong history of growth will encourage local investors to add our shares to their portfolio.”

The Company’s shares are also listed on the New York Stock Exchange (“NYSE”) where they are actively traded. Shares purchased on the DIFX or the NYSE are permitted to be sold on either exchange via a share registry link.

Mr. Jeff Singer, Chief Executive of the DIFX, said, “We are delighted to offer this listing opportunity to China Security & Surveillance Technology, Inc. to support the Company’s activities in this region. The dual listing nature of the stock will provide a clear reference price in both markets.”

Dubai-based investment bank, MAC Capital Limited, advised the Company on its listing.

The Company’s shares closed at USD 10.01 per share on 10th October, 2008 on the NYSE. This represents a total market capitalisation of the Company of USD 451.677 million (AED 1,659.145 million)

 
PRESS CONTACTS:
 

Ms. Yuki Cao
Investor Relations Executive
China Security and Surveillance Technology, Inc
13/F, Shenzhen Special Zone Press Tower, Shennan Rd. Futian, Shenzhen, China, 518034
Tel: +86-755-835-108-88
Fax: +86-755-835-108-15
Email: yuki.cao@csst.com

Ms. Farah Ibrahim
Media Relations Manager TRACCS Public Relations
Dubai Media City Building 9, Office No. 222 P.O. Box 72583, Dubai, U.A.E.
Tel: +971-4-367-2530
Fax: +971-4-367-2531
Email: farah.ibrahim@traccs.net

Mr. Gerhard Hametner
Director
MAC Capital Limited
Suite 115, Building 4, Gold & Diamond Park Interchange 4, Sheikh Zayed Road P.O. Box 122723, Dubai, U.A.E.
Tel: +971-4-409-7177
Fax: +971-4-409-7277
Email: gh@maccapital.ae

NOTES FOR THE EDITOR:

About China Security & Surveillance Technology, Inc.

Based in Shenzhen, China, China Security manufactures, distributes, installs and maintains security and surveillance systems throughout the PRC. China Security has manufacturing facilities located in China and an R&D facility which maintains an exclusive collaboration agreement with Beijing University. China Security has built a diversified customer base through its extensive sales and service network that includes numerous points of presence throughout the PRC. To learn more about the Company visit http://www.csst.com.

About MAC Capital Limited.

MAC Capital Limited is regulated by the Dubai Financial Services Authority and is a member of the DIFX. The group’s shareholders include international stock brokers, investment banks and private banks, including:

- Tolhurst Group Limited                            Australia
- Quam Securities Co., Ltd.                       Hong Kong
- Killik & Co.                                                 United Kingdom
- Syrus Securities Plc.                                Thailand
- Banque Morval                                          Switzerland
- Capital Partners Securities Co., Ltd.    Japan
- Lloyd Edward-Jones                                France

and a number of prominent international businessmen. Its website is www.maccapital.ae

In Dubai, its affiliate MAC Sharaf Securities (U.A.E.) LLC, is a fully licenced stock broker on the Dubai Financial Market (“DFM”) and the Abu Dhabi Securities Exchange (“ADX”) and its Dubai-based partners are the Sharaf Group and Major General Mohammed Abdul Rahim Al Ali.

 

 
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