Corporate History of Kanglv Technology Limited
Shenzhen Kanglv was registered as a limited liability company in Shenzhen City, People’s Republic of China (the “ PRC ”) on June 16, 2005. It is engaged in the manufacture and sales of electronic cable products in the PRC, with its principal place of business in Shenzhen City, the PRC. Its principal products are various types of computer cables, such as HDMI, DVI, VGA and USB cables, as well as electric power cables.
In September 2010, we formed Kanglv Technology (Hong Kong) Limited (“Hong Kong Kanglv ”) as our wholly-owned subsidiary. Shenzhen Kanglv was a domestic limited liability company registered in Shenzhen City, China that was 100% owned by Huabao Asia Ltd. (“Huabao”). In May 2011, Huabao transferred 100% ownership of Shenzhen Kanglv to Hong Kong Kanglv in exchange for issuance of 52,635,560 shares of our Common Stock . In January 2011, PRC local government approved Shenzhen Kanglv to become a WOFE wholly-owned by Hong Kong Kanglv.
On september 17, 2010,we formed kanglv cable Technology (Hong kong) Limited to develop importing of copper business. kanglv cable is a development stage company with no business operations, kanglv cable is currenty seeking potential business opportunities and partners.
Our Corporate Structure
Business Overview
Shenzhen Kanglv was registered as a limited liability company in Shenzhen City, People’s Republic of China (the “ PRC ”) on June 16, 2005. It is engaged in the manufacture and sales of electronic cable products in the PRC, with its principal place of business in Shenzhen City, the PRC. Its principal products are various types of computer cables, such as HDMI, DVI, VGA and USB cables, as well as electric power cables.
Shenzhen Kanglv is a subcontractor for Cancare Electric Wire (Shenzhen) Co., Ltd. and manufactures the products for Cancare Electric to its specifications and customization requirements. Cancare Electric provides the core components and materials to Shenzhen Kanglv. Cancare Electric sells the products to companies in the PRC, such as Great Wall Tech, Chi Yuan Technology Limited, and Ya lid Co., limited.
Our suppliers are principally comprised of wire and cable manufacturing companies. During the year ended December 31, 2011, our top suppliers include Cancare Electric Wire Ltd., Ling Ya Electronic Technology Co., Ltd., and Dongyuan City Jie Shi Mei Electronics Co., Ltd.
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