Huagong Tech Co, Ltd.

Huagong Tech Co. Ltd (HG Tech, stock code: 000988), founded in 1999, which has developed and expanded its products and businesses from industrial laser equipment manufacturing (cutting, wielding. marking) and optical fiber telecommunication device manufacturing, to electrical component, anti-counterfeit and information security technology researching and manufacturing. Over a decade’s effort, HG Tech has built its reputation on technology innovation and quality manufacturing. Our products and services not only take the domestic market leads, but also participate into global competition strongly. Additionally, for the purpose of remaining the company’s market leading position and continued technology innovation, HG Tech corporate with local universities, national scientific institutions and research centers widely. In past few years, HG Tech has acquired several national research and development centers around the country in order to keep the technology advantage, and to design and manufacture most advanced products to satisfy customers’ needs. Financially, until the end of 2011, HG Tech annual sales increased over 38% compare to the 2010, was total RMB 2, 024 million; net income in 2010 was RMB 342 million which rapidly increased 71% from previous year, also the company’s total asserts value was RMB 3, 335 million until 2010. HG Tech kept its rapid growth which thanks to the policy of Development of Heavy Industry announced by the state government since 2006. HG Tech is located at the center of Chinese Optic Valley -Wuhan East Lake Hi-Tech Development Park. The industrial park is covering an area of 33 ha, with building area of 50, 000 square meters. The company employed over 5, 000 experienced employees (Australian Farley Research Center not included), and almost 1, 000 of them are working on research and development aspects to keep on technology innovation for our products.