Monday, August 15, 2005

XING

9:45AM Qiao Xing subsidiary partners with Telecommunications Operator and Technology Supplier in China (XING) 5.90 +0.09:Co announced that its subsidiary, CEC Telecom, joined with the telecommunications operator China Communication and technology supplier Shenzhen Rongine Technology Ltd (Rongine), to manufacture and market the first batch of satellite navigation terminal products including GPS/GSM mobile phone that accord with the national standard in the near future. Under the agreement among the three parties, with the technological support from Rongine, CEC Telecom will manufacture at least 500,000 units of GPS/GSM mobile phones for China Communication to launch to the China market on an annual basis. A press conference was held in Beijing on August 11 to announce this new project and has drawn wide media coverage.

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