Beijing Bona Electrical Limited by Share Ltd.

Beijing BANNER Electric Manufacturing Corporation (hereinafter referred to as Bona Electric) was founded in 1991. As a high-tech enterprise in Beijing, Bona Electric is one of the largest smart meter production enterprises in China. Owning with the main business of the development and production of high-end power and electric products, referred China State Grid Corp and the Power Grid Corp as the main customers, the company’s production include smart meter, concentrator, collector, high voltage switch, composite apparatus, transformer, substation equipments, etc. The total assets are billions RNB and the annual designed productive capacity reaches to 4,000,000,000 RNB. In 2009, Liuqi, the member of the Political Bureau and Beijing Municipal Party Committee Secretary, gave a high evaluation to our company and put forward some constructive opinions after visiting Bona Electric, and he expressed his support for the development of our company as well.