US Electronic directional Fundraising expansion

In order to expand capacity to adapt to the growing 3G mobile phone and netbook market, US Electronics (002199) today launched a targeted additional fund-raising to expand production capacity of the plan. US electronic intended to be no less than 13.25 yuan/share price to fund companies, such as not more than 10 investors to add 10 million-30 million shares, raise funds not more than 305 million yuan, for "annual output of 120 million 3G communications equipment with micro-SMD piezoelectric crystal frequency components of the technical transformation project" and " Annual output of 160 million miniature high-precision SMD quartz Crystal Resonator production line construction project.　　The issue of the collection of funds in place before the company can be based on market, product orders for the use of self-financing to raise funds for the project to advance investment, and in place after the recruitment of funds to be replaced. It is understood that US electronics is a state-level High-tech Enterprises, National Torch Program Key High-tech Enterprises, Chinese electronic Components hundred enterprises, the main products for quartz crystal resonator, including SMD and dip two categories, products are widely used in communication terminals, digital products, personal computers, automotive electronics and household appliances and other industries and fields.　　The company has passed Panasonic, Sony, Canon and other companies of the supplier qualification certification, and with the international well-known electronic enterprises to establish a good relationship of cooperation, the last three years, the proportion of the company's exports in more than 85%. 2007-2009, through continuous product innovation and market development, US electronic main products SMD Quartz Crystal resonator annual sales growth rate reached 45.23%.　　2009, the output of US electronic quartz crystal resonator has reached 450 million, of which SMD resonator output of 215 million, ranked first in the domestic industry. Due to the popularity and growth of 3G mobile phones and netbook computers, US electronics is expected to produce 360 million of SMD Resonators in 2010, exceeding the design capability of its existing SMD resonator production line. US electronic said that in the face of growing market demand, the company's existing production capacity has been unable to meet the needs of the company's business development. The company urgently needs to obtain the new capital investment, expands the production capacity, guarantees the company in the piezoelectric Crystal electronic component manufacture field the competitive advantage and the company operating performance long-term steady growth.