The Company is a joint stock limited company established by overall change in the proportion of 1: 0.5584 based on the audited net assets of Jiangsu Jieni Electronics Co., Ltd. (formerly Nantong Jieni Electronics Co., Ltd.) as of 20091October 30. On February 8, 20 10, the company obtained the Business License of Enterprise as a Legal Person. According to the capital verification report issued by Lixin Certified Public Accountants Co., Ltd. (Xin Hui Shi Bao Zi [20 10] No.20385), the registered capital of the company was 200 million yuan when it was established.