Along with the transformation of our subsidiary BEIJING HAMAMATSU PHOTON TECHNIQUES INC. into a joint-stock company, we are shifting our main production plant to Langfang Economic & Technical Development Zone in Hebei, Langfang.

Apr. 2004

The BEIJING HAMAMATSU PHOTON TECHNIQUES INC., a subsidiary of our company (70% funding from Japan), has been making progress towards changing over from a merger company to a joint-stock company. After receiving permission from the Chinese Department of Commerce which is equivalent to METI (Japan’s Ministry of Economy, Trade and Industry), it was officially registered on March 29 and will commence operation as a joint stock company from July 1st. This will speed up paperwork needed for approval from major governmental offices and the country itself, allow making faster management decisions based on rate of capital investment, and will also be advantageous to raise funds. From hereon, the major effort will be towards developing optical technology within China and listing its stock on the market by 2008.