Shenzhen Huaqiang Electronic Website Group Co., Ltd. Officially Launched

On March 24, Shenzhen Huaqiang ElectronicWebsite Group Co., Ltd. (hereinafter referred to as "HQEW Group")officially launched, marking that Huaqiang High-valued Service forE-information Industry is taking important steps in innovating service modelsand establishing a domestic-leading platform for online trading and informationexchange of electronic components.

Huaqiang Electronic Network Groupis formed by the integration ofMogultechInt'l Ltdand HQEW.Net under ShenzhenHuaqiang Industry Co., Ltd. (stock code 000062), which has gathered millions ofsmall and medium-sized registered users and traders resources, large amount of informationresources, and has rich experience in website operations, providing customerswith online trading, marketing promotion, warehousing logistics, software andother services.Mogultech Int'l Ltdindependentlydeveloped the domestic leading high-efficiency intelligent transaction system,which can realize real-time automatic matching of supply and demand, real-timeinteraction of business data, and provide domestic and overseas customers with a series of services including fast product specificationdatabase matching, global price comparison, inventory query, order purchase anddelivery. After more than a decade of systematic data precipitation,Mogultech Int'l Ltdhas establishedevaluation systems and material databases for suppliers and customers, and havestrong data analysis capabilities.