Dec 18^th, 2007, Opening Ceremony of Hite Electric Technology Co., Ltd. ( www.hite-electric.com) was held at Bai Hua Hall of Xi Jiao Guest House Shanghai. Guests from Shanghai Foreign Economic Commission, Shanghai Municipal Development & Reform Commission, China Securities Regulatory Commission, Shanghai Coordination Office for Shanghai Small & Medium-sized Enterprises, business partners from Schneider, OMRON, ABB, HIRSCHMANN, and Customer representatives, totally 200 guest from all around were invited to the opening ceremony. Xu Hong, chairmen of the board and Mr. Marius, Sonepar president of Asia- Pacific Area uncovered the red curtain on the horizontal inscribed board, which stood for the founding of Hite Electric Technology Co., Ltd., the result of domestic and international cooperation of leading enterprises.

    Hite Electric Technology Co., Ltd. is a joint venture company composed by leading French distributing company Sonepar and domestic public company Shanghai Hite Control System Co., Ltd. (Securities Code: 002184). Registered capital is 50 million Yuan. Hite Electric Technology Co., Ltd. majors in wholesale sales and technical service for industrial automation, machinery, electronic and electric products. “Professional, Standardized, Considerate” was held by Hite Electric Technology Co., Ltd. as the sales philosophy, and Hite has been devoting its effort to provide customer a great variety of products and solution service, all-directional supply chain service and international and domestic service, which will finally make Hite one of the best supplier and service provider for electric automation solution.