China Ritar Power Corp.(OTCPK:CRTP) dropped from NASDAQ Composite Index

China Ritar Power Corp. announced its intent to voluntarily delist the company’s common stock from the NasdaqGlobal Stock Market (“Nasdaq”). The Board determined that maintaining the listing has imposed difficult burdens and high costs on the company. The company has immediately proceeded with delisting by providing a written notice to Nasdaq on June 23, 2011 of its intention to delist and will file a Form 25 with the Securities Exchange Commission on or around July 5, 2011. The company expects the delisting from Nasdaq to become effective July 15, 2011, ten days after filing its Form 25. Upon delisting from the Nasdaq, the company expects that trading of the company’s common shares by shareholders may be effected through quotations on the Pink OTC Market (a centralized quotation service that collects and publishes market maker quotes for securities). This will require at least one market maker to quote the company’s common shares on the Pink OTC Market after the market maker complies with Pink OTC Market rules. There is no assurance that a market maker will comply with those rules. The company will remain subject to the periodic reporting requirements of the Securities Exchange Act of 1934, as amended.

China Ritar Power Corp announced that common stock to be transferred from NASDAQ to Other OTC, effective June 24, 2011.