QIAO XING MOBILE COMMUNICATION

Qiao Xing Mobile Communication Co. is a domestic manufacturer of mobile handsets in People’s Republic of China (China). The Company manufactures and sells mobile handsets primarily based on the global system for mobile communications (GSM) global cellular technologies. It operates its business primarily through CEC Telecom Co., Ltd. (CECT), its 96.6% owned subsidiary in China. The Company’s products have been sold under the CECT brand name and the VEVA brand name. It develops, produces and m... arkets a range of mobile handsets. During the year ended December 31, 2010, the Company closed its research and development center in Huizhou. The Company established Strong Metropolitan Limited and Lightful Limited in the Hong Kong SAR in June 2011, to serve as holding companies. As of December 31, 2010, the Company had one handset manufacturing facility in Huizhou City, Guangdong Province, China, which was equipped with three SMT lines and seven assembly and testing lines.More