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Ticker:NINE
Company Name: Ninetowns Digital World Trade Holdings Limited

Business Overview from 10-K filing for Ninetowns Digital World Trade Holdings Limited:

Our predecessor, Ninetowns Technology, a “share cooperative enterprise” formed under PRC law on March 22, 1995, focused on the research and development of software related to the declaration process, in addition to selling computer hardware and accessories. Through a series of restructuring transactions in 2000, Ixworth Enterprises Limited, or Ixworth, a company incorporated in the British Virgin Islands, acquired 90.00f the equity interest of Ninetowns Technology. Such 90.0 0.000000e+00quity interest acquired by Ixworth was held by New Take Limited and Shielder Limited, both Hong Kong companies, through their 20 -------------------------------------------------------------------------------- Table of Contents respective subsidiaries, Beijing New Take and Ninetowns Times. In September 2003, we issued 21,999,996 ordinary shares to Jitter Bug, the parent company of Ixworth. Jitter Bug simultaneously transferred 100.  g   

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