Nanjing Panda Electronics To Dispose 27% Stake In Nanjing Ericsson Panda Communication

Nanjing Panda Electronics Co Ltd 600775:

• RESOLVED TO DISPOSE 27% EQUITY INTEREST IN NANJING ERICSSON PANDA COMMUNICATION

• INITIAL BIDDING PRICE FOR DISPOSAL APPROXIMATELY RMB516.51 MILLION

• 27% DISPOSAL INTEREST WILL BE LISTED FOR PUBLIC TENDER WITH 22% STAKE IN NANJING ERICSSON PANDA COMMUNICATION