Nanjing Panda announced that the company and other Chinese shareholders of ENC recently received written information from Ericsson, stating that Ericsson intends to purchase the 49% equity of ENC held by the company and other Chinese shareholders of ENC at a specific cash purchase price. The transaction is still subject to the necessary approvals and the results of the discussion of the detailed terms of the transaction by all parties. The company expects to recover no less than approximately RMB 250 million.