It is said that Kunwu Jiuding L.P., the local equity investment fund under Beijing Huida Jiuding Investment & Management Co., Ltd, invested RMB40 million in Guangdong Linoya Electronic Technology Co. Ltd (hereinafter referred to as "Linoya Electronic") in May, 2008.

Located at Dongguan, Guangdong, Linoya Electronic is the biggest enterprise for electronic connecting wires in China. It mainly manufactures fine electronic wires and data cables. According to the share holding agreement between the two parties, Linoya Electronics is going to be listed on the A-share market in 2009.

Under the strong support of Dongguan municipal government, Linoya Electronic has speeded up its proceeding to debut on the A-share market. After the completeness of this round PE financing, Linoya Electronic is going to increase the R&D input, improve the product structure and increase the portion of high-end products with high technology and gross margin. The company intends to become an electronic connecting wires manufacturer (integrating R&D and manufacturing) with strong international competitiveness in five years.