Website: N/A
Stock Symbol: NASDAQ: XING
Market Value: N/A (in millions)
From our inception through December 31, 2002, Qiao Xing Universal Telephone,
Inc. (“Qiao Xing” or “we”) was principally engaged in the manufacturing and
sales of telecommunication terminals and equipment, including corded and
cordless telephone sets, in China. Our history dates back to April 1992 when
Mr. Rui Lin Wu, our founder and chief executive officer, established Qiao Xing
Telecommunication Industry Co. Ltd. in Huizhou, People’s Republic of China
(“PRC” or “China”). We initially were engaged in the original design
manufacturing of corded telephones, whereby products are designed and
manufactured to the customer’s requirements and instructions and are marketed
under the customer’s designated brand name or without a designated brand name.
When we commenced our operations in August 1992, we had only 100 employees and
two production lines producing telephones.