ShengdaTech Announces Receipt of NASDAQ Delisting Notice and Resignation of Acting CFO

ShengdaTech, Inc. SDTH today announced that it received a letter on April 20, 2011 from the Listing Qualifications Department of The NASDAQ Stock Market LLC stating that based on the review of public documents and information provided by the Company, Nasdaq determined the continued listing of the Company's securities on Nasdaq is no longer warranted. Separately, the Company is also announcing the resignation of Ms. Anhui Guo, the Company's Chief Operating Officer, Acting Chief Financial Officer and Director as of April 21, 2011. The Company is in the process of evaluating and identifying a replacement.