Wong Kwong Yu statement: reserve the right to take appropriate action

September 28 Evening News, Gome control power battle announced tonight "decisive battle" results. The Board of directors of all 3 bills passed, the major shareholder Huang Guangyu only to cancel the issuance of licensing a pass.　　In response, Mr Huang said in a statement that the concerns of the unrepresentative board remained unchanged and reserved the right to take appropriate action.　　This afternoon, Gome held a special shareholder meeting, the 8 general resolution of the vote, of which the top 3 for the Gome Board of Directors, the latter 5 for the major shareholder Huang Guangyu proposed. It is learnt that the voting result indicated that the 1th to 4th resolution was passed and the 5th to 8th resolution was not passed. The motion to replace the director was not passed.　　Chairman Chen Xiao, director and Vice President Sun Yiding were able to remain in office. Mr Huang said he was pleased to have the support of shareholders and corporate governance experts for his proposals on general mandates. The founding shareholders also said that the concerns of the unrepresentative board remained unchanged and that the right to take appropriate action would be retained to protect the interests of both themselves and other shareholders. (Zhang Wei) The following is the full text of Gome's founding shareholder statement all Gome shareholders will cooperate to further enhance the value of the company by the founding shareholder of Gome, Hong Kong, September 28, 2010 – the founder shareholder of Gome Electric Holdings Limited (GOME) issued a statement today, at a special shareholder meeting held on September 28, 2010,　　I am pleased to have the support of shareholders and corporate governance experts on their proposals for general mandates. We are of the view that the company may inappropriately use its general mandate as a tool for the investment of its founding shareholders and all other shareholders, and we are therefore pleased that the general mandate has been rejected. Thereafter, if the company needs capital to expand its business, it needs to be specifically approved by shareholders, rather than through a general mandate to issue additional shares.　　This is a combination of corporate governance best practices and the ability to ensure that shareholders are able to protect their best interests. Despite the disappointment of the founding shareholders over today's vote, we remain convinced that Gome has long-term development potential and plans to remain actively involved in Gome's affairs. We are still convinced that the lack of contributions from the founding shareholders, Gome has deviated from the rapid and healthy development of the track, and is losing the core competitiveness of enterprises and industry leading position. Our concern for an unrepresentative board remains unchanged. We reserve the right to take appropriate action to protect the interests of ourselves and other shareholders.