9:25 in the morning of 2007.11.16, Yue Yong, vice director of ÷Standing Committee of the Pudong New Area People’s£ Congress, and Xu Hong, chairmen of the board and general manager of Shanghai Hite Control↓ System Co., Ltd. (Abbreviation: Hite Control) knocked the “Open Bell&rdquo☆; at Shenzhen Stock Exchange together, witnessing Hite Coπntrol’s successfully landing A share market. From then, Hite Control became a pubαlic held company.

    Hite Control issued 28 million new shares this time. Issue price: ≤12.90 Yuan. Securities Code: 002184.

    Money raised this time will be invested in 7 projects as following:

    High performance hoisting and transmission automati≈on system project;

    Value-added service network of system integra¶tion constructing project;

    Digital control and computer simulating system of nuclear power plant projec★t;

    Electric control equipment integration project;

    Machinery equipment eCONTROL control system project;

    Electric control system of wind t×urbine project and Enterprise Technology Center project.

    These projects are all aiming at c×onsolidating and strengthening the existing business model “general system integ rator”. They can improve the competitiveness of company’s existing business with compe↕titive advantages and technical content. They can give grea♣ter scope to get cooperation benefit, improve the integrating ability, persist in the joinφt development of products distribution and system integration, while create a favorabl↓e conditions for company to focus on the electric power, mu£nicipal transportation, machine building and other dominating industry. They are helpful in focusi"ng on important and competitive field and keeping the growth trend of business scale.