Eastcompeace Technology Co.,Ltd (China)

With the approval of National Economic & Trade Commission, on the basis of Zhuhai Eastcompeace Smart Card, Ltd., Eastcompeace Smart Card Co., Ltd. was jointly founded by Putian Eastern Communication Group Ltd., Zhuhai Putian Heping Telecommunications Industry Ltd., Beijing Xinjietong Mobile Communication Technology Ltd., Zhuhai Fuchun Telecommunication Equipment Ltd., Zhou Zhong-Guo, Shi Jianxin, etc. in 1998. On Dec. 5, 2001, the company registered at Guangdong Industrial & Commercial Administration Management Bureau, with registered capital RMB 47 million. Afterward, the company issued 25 million additional A shares, which were listed on Shenzhen Stock Exchange on July 13, 2004. It is a National Torch Plan Key High-tech Enterprise, a key software enterprise in the state planning layout, and a support unit of “Guangdong Engineering Research and Development Center”, “Guangdong Enterprise Technology Center”. The company has post-doctoral workstation and is currently the largest domestic listed company in smart card industry. The company is principally engaged in research, development, manufacture and distribution of smart cards and related application systems. The company's main products are smart cards for mobile communications, untouchable smart cards and related application systems, including subscriber identity module (SIM) cards, stored value cards, recharge cards, social security cards, bank cards, as well as read and write terminals for smart cards, among others. The company distributes its products in domestic and overseas markets. As of December 31, 2009, the company had four subsidiaries, which involved in manufacture and distribution of smart cards and related products, as well as provision of technology services.