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On 2 July 2014, China Electronics Corporation Holdings Company Limited ("CEC Holdings") (Stock Code: 00085.HK) made an announcement on the Hong Kong Stock Exchange, declaring the completion of its acquisition of 100% equity interest in China Electronics Technology Development Company Limited ("CEC Technology"), which became a wholly-owned subsidiary of CEC Holdings upon such completion of acquisition. The consideration of such acquisition is RMB 600 million.

CEC Holdings is incorporated in Bermuda and listed on the Hong Kong Stock Exchange, with its main business in the design, research and development, and sale of integrated circuits. CEC Technology is incorporated in the PRC. CEC Technology and its subsidiaries primarily engage in the development and management of industrial parks, which provide platforms for industrial players to develop electronic information technology business. At present, CEC Technology and its subsidiaries hold relevant equity interests in three industrial parks as located in Beihai, Hainan and Xi'an.

Guantao Law Firm (Beijing office) served as the PRC legal advisor to CEC Holdings in this transaction.