Hangzhou New Century Information Technology Co., Ltd is mainly engaged in the development and sale of application software, as well as the provision of system integration and technical support services. The Company principally provides products and services for power and tobacco industries. The Company primarily offers power information management systems, power data collection and communication systems, as well as tobacco information management systems, among others. The Company mainly operates its business in domestic markets. During the year ended December 31, 2010, the Company completed the purchase of 75% of the equity of Hangzhou Dechuang Electric Co., Ltd., and reduced its ownership interest of Hangzhou Xunneng Technology Co., Ltd. from 65% to 19%.