China Keli Electric Co., Ltd.
TSX : ZKL

November 23, 2010 15:48 ET

China Keli Wins Recognition and Support From Chinese Government

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 23, 2010) - China Keli Electric Company Ltd. ("China Keli" or the "Company") (TSX VENTURE:ZKL) is pleased to announce that the Zhuhai Municipal Government of the People's Republic of China ("PRC") has officially recognized one of the Company's production line upgrading projects as technically innovative and deserving of government financial support. As a consequence, Zhuhai Keli Electric Co., Ltd. ("Zhuhai Keli"), the Company's operating subsidiary in the PRC, has received a grant of RMB 360,000 Yuan (approximately CAD$55,000) from the government. The award-winning project receiving Chinese government financial support involves upgrading China Keli's production line for high-voltage switchgear to by 3,000 sets per year.

Each year, a small group of top-quality projects are carefully selected by the government for financial support. The fact that Zhuhai Keli was selected for an award speaks to the high regard which the Chinese government has for Zhuhai Keli's manufacturing capability, and the increasing recognition it is receiving for its innovative, high-quality products.

About China Keli Electric Company Ltd.

China Keli is a hi-tech company that develops, manufactures and installs hi-voltage electrical components and equipment, including preassembled mini-substations, electrical controllers, pressurized/vacuumed switchgears and circuit breakers in the People's Republic of China.

ON BEHALF OF THE BOARD OF DIRECTORS

Mr. Lou Meng Cheong, CEO

Mr. Kai Hong Chan, Secretary

This news release may contain forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • China Keli Electric Company Ltd.
    Mr. Lou Meng Cheong
    CEO
    (604) 270-2345
    or
    China Keli Electric Company Ltd.
    Mr. Kai Hong Chan
    Secretary
    (604) 270-2345