Melani Warod

Not suspenseful, stop orienting and issuing additional proposals to buy mere stock right of electronics corporation of Shanghai Guangdian Electric Group and is passed in a high rate by the electronic shareholders' general meetings of the broadcasting and TV. Today, the intersection of broadcasting and TV and electron and wide to reveal this news while being teleinformatic.

At the shareholders' general meetings that the electron of broadcasting and TV was held yesterday, have voted as to " proposal on stopping issuing shares and buying assets and great assets and buying and be concerned with great assets recombination of the trade ". Because this proposal concludes the business for being related, including Shanghai Guangdian Electric Group (group) Limited company in inner to associated with this whom trade have a stake concerned with people, avoid voting. The announcement reveals, the electron of broadcasting and TV participates in agreeing to the proportion and is up to 93.0688% of shareholder voting.

On June 11, 2008, the electron of broadcasting and TV will show, draft it in order that to holding shareholder's Shanghai Guangdian Electric Group (group) Buy mere 62.5% of the stock rights of Electronics Co., Ltd. of Shanghai Guangdian Electric Group held by it by way to issue share, and purchase wide teleinformatic mere 18.75% of the stock rights of electronics corporation held with the cash. Scheme of this great rearrangement of assets is with the approval of 2007 annual general meetings of share-holders of company, and already 25 daily report China's Securities Regulatory Commission will have verified in June of 2008. In the same month, the wide teleinformatic board of directors agrees the companies all transfer mere 18.75% of the stock rights of Electronics Co., Ltd. of Shanghai Guangdian Electric Group held to the electron of broadcasting and TV.

But January 5 by 2009, the situation has changed, it is wide teleinformatic to reveal on website and " Shanghai Security News " of Shanghai Stock Exchange its photoelectric tube of Shanghai Guangdian Electric Group regarding the company holds to sell to electron of broadcasting and TV is limited on the same day There will be possibility of terminating in the stock right matters of 18.75% of company.

Thereafter, until yesterday, the annual general meeting of share-holders will approve <<about stopping issuing shares and buying assets and great assets and buying and concerned with the great assets of the trade in 2008 when the electron of broadcasting and TV is held Proposal of recombination>>, the wide teleinformatic stock right matters regarding sell to the electron of broadcasting and TV to mere Electronics Co., Ltd. 18.75% of Shanghai Guangdian Electric Group that the company holds are terminated at the same time.

To stopping the reason to purchase, the company shows, is influenced by financial crisis of the world, selling price and market demand of the liquid crystal faceplate will glide by a wide margin continuously in the second half of 2008, the mere electronics corporation manages and already presents great loss. In view of market situation of the liquid crystal faceplate at present being still weak seriously, it is difficult for the company to predict the lasting earning power of future of all electronics corporation, so stop.