Beijing, China (December 12, 2011) - Qiao Xing Mobile
Communication Co., Ltd. ("QXM" or the
"Company") (NYSE: QXM), a domestic manufacturer
of mobile handsets in China, announced today that Crowe
Horwath (HK) CPA Limited was appointed by the Company as
its new independent auditor. The decision to engage Crowe
Horwath (HK) CPA Limited was approved by the board of
directors on December 12, 2011.
About Qiao Xing Mobile Communication Co., Ltd.
Qiao Xing Mobile Communication Co., Ltd. is a domestic
manufacturer of mobile handsets in China. QXM manufactures
and sells mobile handsets based primarily on the GSM,
TD-SCDMA, and WCDMA technologies. It operates its business
primarily through CEC Telecom Co., Ltd., its 96.6%-owned
subsidiary in China. Through its manufacturing facility in
Huizhou, Guangdong Province, China, and its research and
development center in Beijing, the Company develops,
produces and markets a wide range of mobile handsets. For
more information, please visit http://www.qxmc.com.
Safe Harbor Statement
This announcement contains forward-looking statements, as
defined in the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995. In some cases,
these forward-looking statements can be identified by words
or phrases such as ''aim,''
''anticipate,''
''believe,'' ''continue,''
''estimate,'' ''expect,''
''intend,'' ''is /are likely
to,'' ''may,''
''plan,'' ''potential,''
''will'' or other similar expressions.
Statements that are not historical facts, including
statements about QXM's beliefs and expectations, are
forward-looking statements. Forward-looking statements
involve inherent risks and uncertainties. A number of
factors could cause actual results to differ materially
from those contained in any forward-looking statement.
Information regarding these factors is included in our
filings with the Securities and Exchange Commission. QXM
does not undertake any obligation to update any
forward-looking statement, except as required under
applicable laws. All information provided in this press
release is as of December 12, 2011, and QXM undertakes no
duty to update such information, except as required under
applicable laws.
For further information, contact:
Lucy Wang, Vice President
Qiao Xing Mobile Communication Co., Ltd.
Tel: (8610) 57315638
E-mail: wangjinglu@cectelecom.com