Suning Group and Foxlink Group in Partnership Talks

Taipei, Taiwan, June 15th, 2011 — China’s leading home appliance retailer Suning Appliance Co. headed by Chairman Zhang Jindong, arrived Taiwan in May. On May 28th Chairman of Foxlink Group Gou, Tai-chiang held a welcome banquet for the Suning delegation. During the banquet, both sides exchanged opinions about mutual cooperation upon retail market in the future and development of 3C product accessories.

Cheng Uei (Foxlink) group
Cheng Uei (Foxlink) group increased investment in two subsidiaries Honyu Technology Co. and Studio A Inc., a premium reseller of Apple products with nearly 30 chain stores around Taiwan, Hong Kong and Nanjing of China, expanding retail presence in China. Cheng Uei (Foxlink) group will provide customer valuable solutions that fully integrate with retail market to boost the growth of consumer electronics products.

Suning Appliance
Founded in 2001, Suning Appliance Co., Ltd. is a 3C (consumer appliances, computer and communication products) chain retailer. It operates nearly 700 chain stores in more than 150 cities of 29 provinces and municipalities in China with 92,000 employees. By the end of 2010, Suning had achieved revenue of 75.505 billion yuan and profit of 4.012 billion yuan. Suning is ranked the 1st in the China Top 100 Enterprises in retail industry.