Share Exchange AgreementShare Exchange Agreement • November 12th, 2010 • New Energy Systems Group • Miscellaneous electrical machinery, equipment & supplies
Shenzhen Kim Fai Solar Technology Co., Ltd. (the “Company”) was founded on December 8th, 2005. The Company’s registered capital was RMB $2.5 million (Paid-in capital: RMB $2.5 million). The Company engages in the technology development and products sales of solar application products and solar energy batteries. Di Ruan, Qiong Xiong, Qiongqiong Wang, Wei Gong, Feng Cheng, Yijie Li, Chunfeng Zhang, Xiaowei Wang (collectively, “Transferors” and individually referred to as “Transferor” below) are shareholders of the Company. All these shareholders have agreed to transfer all of their shares to transferee, Shenzhen Anytone Technology Co., Ltd.
