China National Electronics Imp. Exp. Corp.

CEIEC was founded on 1080, concrurently, subsidiaries in Guangzhou, Shanghai, Tianjin and Shenzhen were set up. From 1980 to 1985, more than 10 companies throughout China were set up successively, in addition to the above-mentioned directly administrated subsidiaries. We have also set up offices in the United States, Europe, the Middle East and Hong Kong, thereby basically forming a nationwide electronics foreign trade system and laying a good foundation for penetrating the world market.

In the course of five years of basic construction, we incorporated international contract engineering, financial leasing and services into our business lines. At the same time, CEIEC's information network started to take shape. Its export varieties have increased from 30 at the initial period to more than 100 today. The company's equipment, complete systems, production lines and technology have started to enter the world market, as export markets expanded from Hong Kong and Macao to some 100 countries and regions all over the world.

CEIEC's import and export revenue had reached nearly US$1.2 billion by the end of 1985, when the company had 14 subsidiaries and six offices throughout the country.