Nanjing Panda Electronics Company Limited (the “Company”) is a large integrated telecommunications company which is engaged in scientific research and development, production, sale and technological services. In April 1992, the Company was established after the reorganization of the original Panda Electronics Group Company. The history of the Company can be traced back to 1936 and is the earliest electronics enterprise in the PRC. Shares of the Company were listed on The Stock Exchange of Hong Kong Limited and Shanghai Stock Exchange on 2 May 1996 and 18 November 1996 respectively.

The Company is mainly engaged in the satellite communication, electromechnical, IT and electronics manufacturing. Its registered trademark is “PANDA” which is the first “well known trademark in the PRC” in the electronics information industry in the country.

The Company has solid research and development capabilities and has established 3 State-level engineering technology development centres. The level of its research and development has gained a leading position in the industry in China. The Company has obtained a ISO-9001 certification and has established a scientific quality management system and an advanced corporate management information system.

Leveraging the opportunities from economic globalization, the Company is actively promoting international cooperation. Joint ventures have been established with multinational companies such as Ericsson (Sweden), which will become a new base for the Company’s growth and a major source of profit. This is a strong reason for an optimistic view of the Company’s prospects.

The Company’s next target is to establish the largest base for the development and production of satellite communication in China. In addition, it aims at becoming a major company in electromechanical, IT and electronics manufacturing industries and a diversified international hi-tech giant.