First video to split mobile games and program design business

Sina Science and technology news August 26 morning, the first video (hk:00082) announced that will spin off the development of mobile phone games, operations and distribution and mobile phone program design business in an international stock exchange listed separately. The first video indicates that in April this year, the Hong Kong stock Exchange submitted a split application under the listing rules to request exemption from the group's minimum profit requirement, as the loss at the end of December 2008 and the annual shareholder of attributable of less than HK $30 million for the end of December 2009 were not agreed by the SEHK.　　However, as long as the profits of shareholders can reach $20 million by the end of this year, the minimum profit requirement of the listing rules can be met. Earnings showed that the first half of the net profit of 111 million yuan, compared with the same period in 2010, 107 million yuan increased by 3.8%, each share of the basic profit of 4.38 cents, no dividend.　　The group's earnings were 583 million yuan, an increase of 93%. After the spin-off scheme was announced, the first video price plunged 12.07%, at 10:40, at HK $1.02 and turnover of 22.148 million. Elwyn)