Suning Appliance Co., Ltd.

Suning Appliance Co., Ltd. principally operates franchised retail shops of electronics appliances in China. The Company mainly offers color televisions (TVs), audio and video (AV) players, disc players, refrigerators, washing machines, digital and information technology (IT) products, small household electronics, air conditioners, telecommunications products and other products. The Company also provides installation and repair services for electronic appliances. As of December 31, 2008, the Company had 812 retail shops in 178 cities throughout China.