JINJIANG, China, Nov. 7, 2011 /PRNewswire-Asia/ -- China Ceramics
Co., Ltd. (NASDAQ Global Market: CCCL, CCCLW, CCCLU) ("China
Ceramics" or the "Company"), a leading Chinese manufacturer of
ceramic tiles used for exterior siding and for interior flooring
and design in residential and commercial buildings, today announced
a statement related to certain matters.
The Company may, from time to time, address, or clarify, matters
which may not be clear to investors. In this regard, the Company
wishes to indicate the following:
- The Company does not share any of its physical facilities
(plants, warehouses, office space, etc.) with other companies
either in, or related to, the Ceramics Industry. Neither does the
Company co-mingle any of its current assets (cash and cash
equivalents, receivables, inventories, etc.) with other companies,
either in, or related to, the Ceramics Industry.
- Related Transactions with Related Parties, are appropriately
reported in the Company's 20-F filings with the Securities and
Exchange Commission (SEC).
- For a number of years, the Company employed an agent, a common
practice in the PRC, which assisted in filing the appropriate
information to the SAIC for the Company's annual SAIC filings. The
Company's wholly-owned subsidiary, Jinjiang Hengda Ceramics Co.,
Ltd., was the sole filer of the requisite SAIC information in 2008
and 2009. By mistake, the agent filed the SAIC reports for another
client company, with a similar name, Jinjiang Hengda Construction
Co., Ltd. as the 2008 and 2009 SAIC reports of Jinjiang Hengda
Ceramics Co., Ltd. When this misfiling became known to the Company,
both the Secretary of the Company and the agent brought the matter
to the attention of the SAIC, which agreed that the proper SAIC
returns for the Company should be filed to correct the
unintentional misfilings. There is no mismatch between the 2008
SAIC and 2008 SEC filings or the 2009 SAIC and 2009 SEC
filings.
The Company no longer employs an agent to assist with SAIC
filings and began filing directly with the SAIC for fiscal year
2010.
About China Ceramics Co., Ltd
China Ceramics Co., Ltd. is a leading manufacturer of ceramic
tiles in China. The Company's
ceramic tiles are used for exterior siding, interior flooring, and
design in residential and commercial buildings. China Ceramics'
products, sold under the "Hengda" or "HD", "Hengdeli" or "HDL", the
"TOERTO" and "WULIQIAO" brands, and the "Pottery Capital of Tang
Dynasty" brands, are available in over 2,000 style, color and size
combinations and are distributed through a network of exclusive
distributors as well as directly to large property developers. For
more information, please visit http://www.cceramics.com.
Safe Harbor Statement
Certain of the statements made in this press release are
"forward-looking statements" within the
meaning and protections of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. Forward-looking statements include statements
with respect to our beliefs, plans, objectives, goals,
expectations, anticipations, assumptions, estimates, intentions,
and future performance, and involve known and unknown risks,
uncertainties and other factors, which may be beyond our control,
and which may cause the actual results, performance, capital,
ownership or achievements of the Company to be materially different
from future results, performance or achievements expressed or
implied by such forward-looking statements. All statements other
than statements of historical fact are statements that could be
forward-looking statements. You can identify these forward-looking
statements through our use of words such as
"may," "will,"
"anticipate," "assume,"
"should," "indicate,"
"would," "believe,"
"contemplate," "expect,"
"estimate," "continue,"
"plan," "point to,"
"project," "could,"
"intend," "target" and
other similar words and expressions of the future.
Contact
Information:
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China Ceramics Co.,
Ltd.
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CCG Investor Relations
Inc.
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Edmund Hen, Chief
Financial Officer
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David Rudnick, Account
Manager
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Email: info@cceramics.com
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Email: david.rudnick@ccgir.com
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Phone:
+1-646-626-4172
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SOURCE China Ceramics Co., Ltd.