On November 5, 2010, the application for the IPO of Guangdong Anjubao Digital Technology Co., Ltd. (“Guangdong Anjubao”) has been passed and approved in the 68th meeting of the Securities Public Offering Examination and Approval Committee for GEM of China Securities Regulatory Commission (“CSRC”).

Guangdong Anjubao has been focusing on the area of community security, such as door phone system and smart home system, and has already developed burglar alarm system successfully. The company is one of the major manufactures and solution providers of above products. It ranks as the most famous company in door phone industry and takes a leading position in market share.

Guangdong Anjubao intends to offer 18 million shares (accounting for 25 % of its total issued shares) to raise money for four projects, including the construction of research & development center.

Grandall Guangzhou Office has been retained as the Issuer's Counsel. Mr. CHENG Bing, Ms. LI Caixia and Mr. WANG Zhihong are the key Grandall attorneys  involved in this transaction.