China Security & Surveillance Technology Announces Non-Binding "Going Private" Proposal at $6.50 Per Share

China Security & Surveillance Technology, Inc. CSRtoday announced that its Board of Directors has received a non-binding proposal letter from its Chairman and Chief Executive Officer, Mr. Guoshen Tu, for Mr. Tu to acquire all of the outstanding shares of the Company's common stock not currently owned by Mr. Tu, certain members of the management and their affiliated entities, in a going private transaction for $6.50 per share in cash subject to certain conditions.

According to the proposal letter, the acquisition is intended to be financed with a combination of debt and equity capital to be secured by Mr. Tu. Mr. Tu currently beneficially owns approximately 20.9% of CSST's common stock. A copy of the text of Mr. Tu's proposal letter is set forth at the end of this press release.