Shanghai Belling Co., Ltd.,formerly known as Shanghai Belling Microelectronics Manufacturing Co., Ltd., wasjointly established in 1988 by Shanghai Instrument Bureau and Shanghai BellCo., Ltd. It is the first Sino-foreign joint venture in the IC industry ofChina. After the restructuring and listing in August 1998, it changed its nameto Shanghai Belling Co., Ltd. and became the first listed company in China’s ICindustry. In 1999, ShanghaiYidian Holding transferred its state shares in Shanghai Belling toShanghai Huahong (Group) Co., Ltd., making Shanghai Huahong the biggest shareholderof the Company. In 2009, Huahong Group was reorganized through separation andCEC (China Electronics Corporation) became the Company’s largest shareholder.In July 2015, CEC gratuitously transferred its 26.45% shares in ShanghaiBelling Co., Ltd. to Huada Semiconductor Co., Ltd. Huada Semiconductor thenbecame the largest shareholder of Shanghai Belling and CEC remained to be theactual controller. Mr. Dong Haoran is the current chairman of Shanghai Belling.