Website: N/A
Stock Symbol: NYSE: QXM
Market Value: N/A (in millions)

We are a British Virgin Islands company incorporated on January 31, 2002. We became a wholly owned subsidiary of Xing in November 2006 when Xing acquired the remaining 20% equity interest in our company that was held by Galbo Enterprise Limited. Immediately prior to the listing of our ordinary shares on the NYSE on May 3, 2007, DKR SoundShore Oasis Holding Fund Ltd. and CEDAR DKR Holding Fund Ltd., the holders of senior convertible notes issued by Xing in June 2006, exchanged all of their notes for 7,800,000 of our ordinary shares that were owned by Xing. See “Item 7. Major Shareholders and Related Party Transactions—B. Related Party Transactions—Arrangements in Connection with the Senior Convertible Notes Issued by Xing.” Immediately subsequent to the exchange, we were 80.50% held by Xing, 17.55% held by DKR SoundShore Oasis Holding Fund Ltd. and 1.95% held by CEDAR DKR Holding Fund Ltd.