QIDONG JIUFENG INDUSTRY & TRADE CO.LTD. - China

Established in 1992, Qiaoxing is a major manufacturer of communication terminal products including telephone set and mobile phone in China, mainly engaged in the R & D, production and sales of communication terminal products. Qiaoxing is a state-level key high-tech enterprise under Torch Program, one of the top 100 Chinese private enterprises, a foreign-invested technologically advanced enterprise, a high-tech enterprise and one of the top 60 private enterprises of Guangdong Province. Qiaoxing owns 14 subsidiaries engaged in the development, manufacturing and sales of communication terminal products including China Electronic Communication Technology Co., Ltd., China Electronic Aosheng Mobile Communication Technology Co., Ltd. and Huizhou Qiaoxing Telecommunication Industry Co., Ltd. At  

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present, it has 6,341 employees, 45% holding university degree or above. Qiaoxing has established 3,500 sales outlets at home and abroad, whose products have been exported to over 20 countries and areas. The products of Qiaoxing mainly include telephone sets, wireless smart, fax machines, GSM mobile phones, CDMA mobile phones, walkie-talkies and electronic toys. It is engaged in the industrial design of communication terminal products, development, design and manufacturing of moulds and mike heads. It produces annually about 10 million telephone sets, wireless smart, fax machines, repetitive-reading cassette players and walkie-talkies with over 200 models. Mobile phone has over 20 kinds of models and its annual output and sales volume is nearly 2 million. In 2002, it realized output value of RMB 3.12 billion. From 1995 to 2002, Qiaoxing had been in the first two places in China for 8 consecutive years in terms of the annual output and sales volume of telephone set. In 1999, it jumped to the first place. On February 17, 1999, the stocks of "Qiaoxing Universal" were listed at American NASDAQ. Qiaoxing is the first domestic private enterprise listed in U.S.A. On September 1.