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China Wireless Technologies Limited (the "Company") was incorporated in the Cayman Islands as an exempted company with limited liability on 11 June 2002. The shares of the Company (the "Shares") were listed on the Stock Exchange of Hong Kong Limited (the "Stock Exchange") on 9 December 2004 (Stock Code: 2369).
Yulong Computer Telecommunication Scientific (Shenzhen) Co., Ltd. (the "Yulong Shenzhen") is an indirect wholly owned subsidiary of the Company. It was founded by Mr. Guo Deying (the Company's chairman, executive director and CEO) in April 1993. Yulong Shenzhen is a leading developer and provider of integrated solutions for smartphone sets, mobile data platform system, and value-added business operations in the People's Republic of China (the "PRC" or the "Mainland China"). The company mainly provides its products to enterprises, governmental departments and telecommunications operators in the PRC.
In the last decade, capitalizing on the development of wireless telecommunications technological know-how in wireless telecommunications across multiple wireless telecommunications network standards including paging, GSM, CDMA1X, TDSCDMA, CDMA2000 and WCDMA networks, the Company and its subsidiaries (the "Group") have developed a number of various proprietary technologies and patents in operating systems, radio frequencies, protocols and wireless data decomposed transmission technologies. The Group has developed advanced research and development capabilities in mobile communications and gradually becomes a leader of high-end dual-mode smartphone in the global telecommunications market. The Group is currently focused on the research and development of smartphone as one kind of integrated wireless data solutions for telecommunications operators and other industry users in Mainland China.
Leveraging on its competitive advantages as a leading wireless data solutions developer in Mainland China's telecommunications market, the Group has succeeded in breaking into the global telecommunications market in respect of its own Coolpad brand. The Group has established strong and close strategic cooperation relationships with certain global telecommunications network operators and is striving to further develop its business in the global telecommunications markets.
The Group is committed to providing every consumers with the privilege to enjoy the extravagant experience of using integrated terminal of wireless data solutions. To achieve this goal, the Group is striving to realize its clients' dream by providing personalized products and services based on its own operating systems and other application softwares.
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