-Receives Technology Subsidy from Dalian Municipal Government- LIAONING PROVINCE, China, Oct. 29 /PRNewswire-FirstCall/ -- China Sun Group High-Tech Co. (OTC:CSGH) (BULLETIN BOARD: CSGH) , which through its wholly-owned subsidiary Dalian Xinyang High-Tech Development Co. Ltd. ("DLX") has the second largest cobalt series production capacity in the People's Republic of China ("PRC"), announced today its significant new developments and alliances in the academic and government sectors regarding the commercialization of its green battery component, lithium iron phosphate ("li-ion"). As of September 22, 2009, China Sun Group has received 600,000 RMB or approximately $87, 900 USD as a technology subsidy from the Municipal Government of Dalian ("the State"). DLX's li-on product is presently listed as a key product of 2009 in the City of Dalian. On September 5, 2009, DLX signed a University-Entity Cooperation Contract with Dalian Jiaotong University to jointly develop products for the new energy industry. Dalian Jiaotong University is designated by the State as the New Energy Sci-Tech Industrialization Demonstration Base. In April 2009, DLX's Tong Tong brand li-on products, lithium cobalt oxide and cobaltosic oxide, were designated as a "Priority Choice of Government Procurement" by the State. "The Dalian municipal government's financial and administrative support has been very impressive. DLX is now preparing an application for a subsidy from the State to continue to bring new energy, li-ion products to market. We believe li-ion can make cleaner, high-efficiency, low power energy sources economically viable in China. We look forward to updating our shareholders on the future progress of these government and academic efforts," said Bin Wang, CEO of China Sun Group. DLX's li-on product is currently being tested by 21 customers in China's manufacturing sector, and is being demonstrated as a finished product for use in the electric vehicle manufacturing market. In addition, DLX has an LOI with Beijing Zhongxinlian Shuangsheng Sci-Tech Co., Ltd. to jointly produce finished li-on batteries under the registered brand name "ShenKun." With the production of finished lithium ion batteries, China Sun Group plans to become an end-to-end manufacturer in the battery product supply chain, from raw materials to finished batteries, marketed worldwide. About China Sun Group 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 plans to create a fully integrated supply chain from the primary manufacturing of cobalt ore to finished products, including lithium ion batteries. For more information, visit http://www.china-sun.cn/. 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 potential growth of the markets 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/. Contact: China Sun Group Thomas Yang Assistant to the President Tel: 917-432-9350 (U.S.) or 86 411 8288 9800/8289 2376 (China) Fax: 86 411 8289-2739 DATASOURCE: China Sun Group High-Tech Co. CONTACT: Thomas Yang, Assistant to the President, China Sun Group, +1-917-432-9350 (U.S.) or +86-411-8288-9800/8289-2376 (China), Fax, +86-411-8289-2739 Web Site: http://www.china-sun.cn/

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