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Wednesday, 8 June 2011, 23:45 HKT/SGT
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Source: China Innovationpay Group
SYSCAN Tech Renamed as China Innovationpay and Joins Hands with Yinsheng

TOKYO, June 8, 2011 - (ACN Newswire) - China Innovationpay Group Limited (the "Company") is pleased to announce that SYSCAN Technology Holdings Limited (8083.HK) has officially changed its name to "China Innovationpay Group Limited". Meanwhile, the Company, together with Yinsheng E-Pay Co., Ltd. and Kanghui Financial (Beijing) E-Commerce Co., Ltd. ("Kanghui E-Commerce"), held a signing ceremony for a cooperation project on marketing and sales of Yinsheng Prepaid Card.

The Company also announces the appointment of Mr. Xia Bin as the chief economic consultant of the Group. Mr. Xia is a consellor of the State Council of the People's Republic of China, a member of the Monetary Policy Commission of the People's Bank of China and Director of the Finance Research Institute of the Development Research Center of the State Council.

China Innovationpay is principally engaged in financial payment business and is committed to provide diversified means of e-payment for corporate clients and individual consumers. The Company operates in ten major cities such as Beijing Shanghai and Shenzhen currently.

Contact:
Wonderful Sky Financial Group Limited

Dickon Sheng
E-mail: dickonsheng@wsfg.hk

Lik Sze
E-mail: likesze@wsfg.hk

Sharon Yim
E-mail: sharonyim@wsfg.hk

Tel: +852 2851 1038 
Fax: +852 2865 1638


Topic: Executive appointment
Source: China Innovationpay Group

Sectors: Cards & Payments, Daily Finance
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