Regal Group Introduces RFID Management Team in China

Regal has introduced its new management team, now poised to drive forward the development of Regal's recent acquisition of RFID technology assets in China, as well as evaluate accretive opportunities that meet the Company's corporate mission.

Mr. Su, who now assumes the role of Chairman, graduated with an engineering degree in 1986 from Nanjing Institute of Technology, Department of Radio Engineering and subsequently received his MBA from Tsinghua University. As quoted in the Chinese media, Mr. Su was an "R&D backbone for China Aerospace Science and Technology Corporation" in the space and satellite industries, where he served as Chief Engineer at the Xi'an Satellite Measurement & Control Center, which center managed the flight of Chinese ballistic missiles. He has been acknowledged by local media to be instrumental in the development of domestic synchronous and earth-orbiting satellites in China and specifically, the development of the Shenzhou Spaceship master control satellites, used by the Chinese government to support its manned spaceflight program. He has previously acted as the Vice General Manager-Project Development for Shenzhen GrenTech Corp. Ltd (GRRF), a public company trading on NASDAQ and a leading developer of radio frequency ("RF") technology and provider of wireless coverage products and services in China. Since founding DDCT Technology Co. Ltd. in 2006, his initial foray into the RFID industry and funded by both its founders and the Shenzhen Bureau of Science and Technology with RMB5 million (US$735,000) in registered capital, Mr. Su has been awarded two RFID invention patents in China and in May 2009, Mr. Su spearheaded an RFID technology initiative for the promotion of RFID applications in the health, education and livestock tracking industries in the city of Fuzhou, Jiangxi Province.

Mr. Tang Jun, our Chief Technology Officer, obtained a master's degree in engineering in 1985 and a doctor's degree in engineering in 1988 from the University of Electronic Science and Technology of China. In 2005, he obtained an MBA degree from China Europe International Business School. Between 1988 and 1992, Mr. Tang participated in the broadband optical communication project under China's 7th 5-year plan and the project won first prize in technological advancement from the Ministry of Electronics Industry. In 1996, he co-founded Whole Wise Science & Technology Co., Ltd., subsequently listed on the Shanghai Stock Exchange in 2002 (stock code: 600503). In 2003, he led a 100-strong R&D team at Telthink Network Technologies Co., Ltd., a subsidiary of Fujian Guomai Technologies, Inc., to help boost telecom service software sales and laid a foundation for its subsequent listing on the Shenzhen Stock Exchange (stock code: 002093). Mr. Tang joined DDTC in early 2009 to help oversee the company's production and operations and contribute to building the company's core competencies and increasing its market competitiveness in research and development, production and sales, human resource and logistics management.

Mr. Tao Wenlong, our Chief Operating Officer at UHF Logistics, graduated from the Radio Engineering Department of Nanjing Institute of Technology in July 1986. Between 1986 and 1999, Mr. Tao acted in various positions in the R&D Department of Kunming Shipping Equipment Group, culminating in his position as Deputy Chief Engineer of the R&D department. During his tenure, he was focused on the research and development of automation systems for tobacco machinery and developed the first Centralized Monitoring System for the tobacco production process, which achieved multiple Science and Technology Advancement Awards. In 1995, Mr. Tao was awarded "Outstanding Young Scientists of the China Shipbuilding Industry Corporation", and went to the U.S. and U.K. to further cooperative research. From 1999, Mr. Tao initially acted as Chief Engineer (and subsequently became General Manager) of Kunming Xingaoyuan Science & Technology Co., Ltd, where he has been responsible for R&D and marketing of automation system and communication software management for tobacco machinery. During this time, Mr. Tao presided over the development of a national level Flavor Compound Center and a Grade Ration Feed System, which were awarded Technology Advancement Second Awards twice by the Yunnan branch of China National Tobacco Corporation, and acquired five Software copyrights successfully. In 2000, Mr. Tao was awarded the title of "SIEMENS EXPERT" by Siemens China Ltd. Since becoming General Manager of Kunming Xingaoyuan Science & Technology Co., Ltd. in 2005, Mr. Tao has expanded corporate revenues from RMB4 million four years ago to over RMB40 million today. Mr. Tao also masterminded the first application of RFID in the tobacco industry, Tobacco Grade Storage Management System, which system has established the foundation for wider RFID application in the sector.