SIC and FRD announces further cooperation for 2010

Shanghai International Circuit (SIC) and Formula Racing Development Ltd; (FRD) are happy to announce that a new working agreement has been reached. This agreement, which is based on the existing one established in 2003, will further ...

Shanghai International Circuit (SIC) and Formula Racing Development Ltd; (FRD) are happy to announce that a new working agreement has been reached. This agreement, which is based on the existing one established in 2003, will further expand FRD's involvement in the SIC and JUSS Event Management Company Motor sports activities.

Under the new agreement, FRD is tasked to maximize the utilization of JUSS' existing resources: including F1 resources, circuit usage, existing customer base, media and advertisement. In order to execute this project effectively, FRD will assign a team to work within JUSS' International Division responsible for Motor sports.

Kenneth Ma, President of FRD, indicates after the agreement is confirmed:"SIC and FRD are two strong parties in China's motorsport. This pleasant win-win cooperation can be traced back to 2003 and I am very happy to see the steady pace of development expanding to this comprehensive level like event co-promotion, management, resource sharing, etc. I am very positive with the future we are about to explore."

Leon Sun, Sales & Marketing Director of Juss Event, states:"Juss Event is extremely pleased to announce a further collaboration with FRD - A professional motor sports company headquartered in Hong Kong, with potation located in Zhuhai, Shanghai and Beijing, who will work closely with Juss Event to further develop the F1 Chinese GP and Shanghai International Circuit and continue the growth of China's motor sports industry."

-source: frd

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