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The public sector up to foreign investment Electric Co., Ltd. announced progress

   The Company and its Board of Directors to ensure the information disclosed is true, accurate, complete, not false or misleading statements or material omissions.

     The public sector of Electric Co., Ltd. (hereinafter referred to as "Company") on April 15, 2011 with ABB (China) Co., Ltd. Shantou City in Guangdong Province, glue gun Shantou City on the establishment of broad Switchgear Co., Ltd. (now renamed as "surplus according to Shantou switch Co., Ltd. ", hereinafter referred to as the" JV ") signed a" glue stick public sector reached Electric Co., Ltd. and ABB (China) Co., Ltd. Shantou broad switch Limited joint venture contract "(hereinafter referred to as" joint venture contract ") . On April 15, 2011 Board of Directors held its second session of the second meeting examined and adopted the "joint venture contract", see the April 18, 2011 are disclosed in www.cninfo.com.cn on the announcement.

     December 8, 2011, the Company and ABB (China) Co., Ltd. according to the "joint venture contract" agreed to pay in cash all of the registered capital of the joint venture company. Total investment of the joint venture company 34 million yuan, registered capital of 17 million yuan (company invested 5.1 million yuan, the total registered capital of 30%; ABB (China) Co., Ltd. invested 11.9 million yuan, the total registered capital of 70 %).

     Joint venture to build normal, now in pilot production and operation phase.

     Notice is hereby given.

     Electric Co., Ltd. Board of Directors of public sector

     December 8, 2011

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