Video Device Innovation and creation, pursuance of excellence Founded in 1936, Panda Electronics Group Company, Ltd., widely regarded as the cradle of China's electronic industry, is a large and leading enterprise in China. The company has been entered into one of the top 500 largest enterprises for 15 consecutive years. It is one of the State core high tech enterprises and high tech electronics information enterprises in the Asian-Pacific region as well. Its trademark-"Panda" is the first famous trademark in electronics industry in China. The company has five state level engineering R/D laboratories, one post-doctoral working station and 10 research centers for developing new products. Panda brand satellite communication equipment, HF communication system, mobile communication products, electromechanical equipment, IT related products, color televisions and a variety of small appliance products have been entered into more than 40 countries and regions as well as 80 million households. In 1996, a great portion of the company restructured into a share-holding company--Nanjing Panda Electronics Company, Ltd., which listed separately in Shanghai Stock Exchanges (A shares) and Hong Kong Stock Exchanges (H shares) the same year. Since 1999, the company has been focusing on the restructures of existing assets, business scope and product mix for the purpose of integrating all of its advantages of assets. It has also actively cooperated with the world top 500 enterprises and achieved remarkable progress in high-tech fields such as communications. In 2003, the company's sales volume reached RMB26.3 billion with export jumped up to US$930 million. At present the company is positioned on the list of 100 most powerful electronic enterprises in China. Panda Electronics Group Company, Ltd., focusing on its global strategy with an eye to international and future market, is now approaching its target to build the company into the-state-of-art domestic as well as the world- famous large electronics information enterprise.