9:25 in the morning of 2007.11.16, Yue Yong, vice direc&tor 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 Syst↔em Co., Ltd. (Abbreviation: Hite Control) knocked the “Open Bell& rdquo; at Shenzhen Stock Exchange together, witnessing Hite Control’s successfully l©anding A share market. From then, Hite Control became a public he ld company.

Hite Control issued 28 million new shares this time. Issue price: 12.90 Yuan. Secu<rities Code: 002184.

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

High performance hoisting and transmission automation system project;

Value-added service network of system integration constructing project;

Digital control and computer simulating system of nuclear power plant project;

Electric control equipment integration project;

Machinery equipment eCONTROL control system project;

Electric control system of wind turbine project and Enterprise Technology Cen♥ter project.

These projects are all aiming at consolidating and strengthening the existing busi≠ness model “general system integrator”. They can impr ove the competitiveness of company’s existing business with competitive adv antages and technical content. They can give greater scope to ®get cooperation benefit, improve the integrating ability, persist in the joint development o§f products distribution and system integration, while create a favorable conditions for company™ to focus on the electric power, municipal transportation, machin≥e building and other dominating industry. They are helpful in focusing on ∏important and competitive field and keeping the growth trend of business scale.