The establishment of Yanhuang Optical Valley Technology Co., Ltd. was approved by the State Administration for Industry and Commerce in 2001 and the People’s Government of Hubei Province. The Company is located in Wuhan —a city that holds leading status in strategy for rise of Central China and has been approved to be a reform trial zone. Over the last seven years, the Company has been operating in conformity with the Yanhuang Spirit of “joint creation, common possession, becoming rich together and sharing with all”, and the enterprise object of “Respect for talent, Pursuit of excellence, and Service for the society”. The Company takes market as the orientation, development as the subject, and the structure adjustment as the main policy, and has made progress towards innovation and development step by step, achieving satisfactory production and operation performance by steady insistence on enterprise development outline, synchronous pace with change of the market, and constant optimization of industrial structure, through active exploration with capital measures, and introduction of foreign capital and technology and establishment of domestic connection. The Company has successively participated in and held sharesof 11 enterprises such as Wuhan Optical Valley Micro-Electronics Co., Ltd., Hubei Lvbilan Environmental Technology Co., Ltd., Hubei Chaibuxi Traveling Co., Ltd., Wuhan Yanhuang Electronic Technology Co., Ltd., Guotong Energy Development Co., Ltd. etc.. The Company has nearly a thousand employees, while the combined capital has reached RMB 250 million and the total assets in the consolidated statement has reached RMB 350 million. A diversified development pattern has gradually formed with the main business of introduction and development of electrical technical products like new type power semiconductor that ranks international advanced level and fills up the blank record in this field of China, on the basis of industrial development such as energy investment, environmental technology, tourist resources and real estate development, financial instruments and information consulting services, commercial trade and network media etc. The annual average economic growth rates of enterprise reach more than 50%.

        For further consolidation of the enterprise development and active expansion of international market, three parties of the Company, the TOABO Corporation which is a Japanese listed enterprise, and the Shanghai Huawei Technology Co., Ltd. which is a wholly owned subsidiary company of the listed Jilin Huawei Electronic Co., Ltd. established the “Wuhan Optical Valley Micro-Electronics Co., Ltd.”, the controlling share of which is held by Yanhuang Optical Valley Technology Co., Ltd., with powerful support and help by the People’s Government of Wuhan Municipality and Wuhan East Lake High-Tech Development Zone. The main business of Wuhan Optical Valley Micro-Electronics Co., Ltd. is to introduce, develop and manufacture semiconducting materials of international advanced level, and to make close cooperation in electronic fields of chip design, manufacture, package and software development etc. At present, a land of 118 mu used for project of Wuhan East Lake High-Tech Development Zone has been approved, and enterprise support fund of RMB 6 million was specially granted. In terms of enterprise taxes and basic construction, there are even preferential policies. It is predicted that after being put into production of this project in 2009, sales income within three years may reach RMB 800 million, and accumulated sales profit may reach RMB 160 million. The products may enter into international market directly.

        Relative government departments and society mass have given full affirmation and high praise for the steady development of the Company in recent years, and the Company was elected as vice-president unit of Hubei Enterprise Listing and Development Promotion Association. Other corporations whose shares or controlling shares held are operated well, and the economic and social benefits are delightful. Among the share-held companies, the Shanxi Tongda Fruit Juice & Beverage Group Co., Ltd. stands out, and its scale ranks the fifth in the apple juice manufacturing enterprises in the world with the prospect to realize the objective to go public on Shenzhen stock exchange as exchange traded fund in 2008; Shanghai Shiji Investment Consulting Co., Ltd, Hubei Yuanfu Financial Information Consultant Co., Ltd., shares of which are held by the Company, were chosen by the Hubei media and general investors as the most influential special investment consulting company.

        Yanhuang Optical Valley Technology Co., Ltd. has been listed by the People’s Government of Hubei Province as candidate enterprise for going public, and got the commitment letter for being listed on Shanghai stock exchange. Guodu Securities Co., Ltd. is in charge of its training before listing and lead underwriting and shares of the Company have been entrusted to Hubei Stock Depository Center . Share name: Yanhuang Optical Valley .