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 China Security (NYSE:CSR)

Friday, May 20, 2011

SHENZHEN, China, May 19, 2011 /PRNewswire-Asia/ -- China Security & Surveillance Technology, Inc. ("CSST" or the "Company") (NYSE: CSR; NASDAQ Dubai: CSR), a leading integrated surveillance and safety solutions provider in the P.R.C., today announced that the Company had notified NASDAQ Dubai Limited ("NASDAQ Dubai") in writing its intention to voluntarily delist its securities from the Official List of NASDAQ Dubai effective at the close of trading on July 18, 2011. An application has also been made for immediate suspension of listing until such time as the delisting of its common stock on NASDAQ Dubai becomes effective. Under Section 40.3 of the Listing Rules of NASDAQ Dubai, an issuer with a primary listing on another exchange may voluntarily withdraw its securities from secondary listing on NASDAQ Dubai if it gives NASDAQ Dubai at least sixty (60) calendar days' advance written notice.

The decision to apply to voluntarily delist and to apply to suspend listing from NASDAQ Dubai was made by the Company's Board of Directors (the "Board") having regard to market conditions and the announcement made by the Company on May 3, 2011. The Board unanimously determined that the proposed delisting and suspension of listing were in the best interests of the Company and its stockholders. The Company's common stock has been secondarily listed at NASDAQ Dubai since October 2008. After the effectiveness of a delisting from NASDAQ Dubai, the Company's common stock will continue to be listed on its primary market, the New York Stock Exchange.

The Board believes that a delisting from NASDAQ Dubai and preceding suspension of listing of the Company's common stock on NASDAQ Dubai will not have a material impact on the Company's stockholders, its current relationships with employees, customers or suppliers, or its existing financing arrangements.