CHINA NANJING PANDA INFORMATION INDUSTRY CO. LTD. - Jiangsu

As the cradle of China's electronics industry, Panda Electronics Group Co., Ltd. was founded in 1936, with a history of sixty-four years. Brand 'Panda' is the first Chinese electronics products brand entered into international market and also the first 'famous Brand' of electronics industry in China. The total assets of the Company is RMB 5,980,000,000, net assets is RMB 1,550,000,000, fixed assets is RMB 980,00 0,000. The Company possesses 800,000 meter square of ground area. The registered num- ber of staff of the Company is over 10,000. The employees of the Company is more than 8,000. 3000 of the employees are engineering technology administrative personnel. The Company established five national engineering technology research centers and a post-doctorate research work station. Panda  

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products are involved in communication, A/V, computer, air-conditioner and precision machine manufacture, 200 varieties of 6 cata- logues products. The Company established marketing networks spreading over nation- wide, more than 40 countries and regions in the world. Users and consumers are up to 70,000,000. The Company was honored 'First Grade Stated-Owned Enterprise' in the first batch, 'National Key New High-Tech Enterprise' and ranked among the top 500 largest industry enterprises in China for 10 years running. The sales income of the Company amounted to RMB 10,342,000,000, in 1999, and ranked 9th in the electronics industry in China. Nanjing Panda Electronics Co., Ltd. was founded in 1996. H shares and A shares were issued to the public in Hong Kong and Shanghai respectively. The Company was listed on The Stock Exchange of Hong Kong Limited and the Shanghai Stock Exchange respectively. In 1999, the Company carried out the policy of reconstructing of the assets, realized the reform of multi-element property rights.