China 3c Group (OTC BB:CHCG)

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Friday, July 1, 2011

Liquidity Requirements

Historically operations and short term financing have been sufficient to meet our cash needs. We believe we will be able to generate revenues from sales and raise capital through private placement offerings of our equity securities to provide the necessary cash flow to meet anticipated working capital requirements.

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Thursday, June 23, 2011

CFO Trail

On June 17, 2011, China 3C Group (the “Company”), received notification from Jian Zhang that he was resigning from his position as Chief Financial Officer of the Company, effective immediately, for personal reasons. There were no disagreements between Jian Zhang and the Company on any matter relating to the Company’s operations, policies or practices, which resulted in his resignation.

Effective as of June 21, 2011, the Board of Directors of the Company appointed Weiping Wang as Chief Financial Officer of the Company until the earlier of his resignation or removal.

Mr. Weiping Wang joined the Company in January 2010 and served as Assistant General Manager of Zhejiang Yongxin Technology Limited since then. Before joining the Company, Mr. Wang served as Deputy General Manager in Shaanxi Aokai Food Co., Ltd, a food producer with over 300 employees from 2005 to 2009, where his responsibilities included overseeing customer relations and supporting the General Manager with management of day-to-day operations. In 2004, Mr. Wang worked as a sales manager for Jinhua Aokai Trade Co. Ltd. From 1986 until 2003, Mr. Wang worked as a regional sales manager for Zhejiang Mifeng Group Co., Ltd, one of the “Top 100 Food Producers” in China. Mr. Wang received his Bachelor’s Degree in Business Administration from Zhejiang University, China.

There are no arrangements or understandings between Mr. Wang and any other person pursuant to which Mr. Wang was selected as an officer. There are no family relationships between any director or executive officer and Mr. Wang. There have been no transactions to which the Company was or is to be a party in which Mr. Wang had, or will have, a direct or indirect material interest.

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Sunday, October 11, 2009

Comments & Business Outlook

'We expect the remainder of 2009 to be challenging as many of the same issues that affected our second quarter results will impact our business in the second half of the year. We have a solid cash position and no debt, which allows us the opportunity to make the necessary adjustments to our store-in- store model and expand our franchise platform. We believe that our franchise model provides us with many unique advantages compared to our core store-in- store business. These include improved control of our brand, a flexible store format and full operational control which allow us to manage our business more effectively and position our new stores to meaningfully contribute to our future revenue and profit. We are excited to introduce our products to a new group of customers and we are hopeful this new business can significantly add to our future financial performance. We look forward to updating you on our progress in the coming months ahead,' concluded Mr. Wang.

Source: PR Newswire (August 17, 2009)

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Monday, February 2, 2009

Comments & Business Outlook

Guidance Report:

"Mr. Zhenggang Wang, Chairman and Chief Executive Officer, commented, We remain highly focused on the continued growth of our business in 2009 and will be focused on initiatives that can lead to further revenue and margin expansion, maximize our operating capabilities and enhance our competitive position within China's consumer electronics industry."

Full Year Fiscal 2008 Guidance

2008 Revenue Guidance	2007 Revenue	Period Change in Revenue	2008 EPS Guidance	2007 EPS	Period Change in EPS
$305-$307 million	$276 million	11%	$0.48 to $0.49	$0.44	12%-13%

Source: PR Newswire (January 15, 2009)

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