Nanjing Panda announced that the company and other ENC Chinese shareholders recently received written information from Ericsson that Ericsson plans to purchase 49% of ENC's shares held by the company and other ENC Chinese shareholders in consideration of specific cash purchases. The deal is subject to the necessary approvals and is subject to discussions between the parties on the detailed terms of the deal. The company expects to recover no less than about RMB 250 million.

Nanjing Panda announced that the company and other ENC Chinese shareholders recently received written information from Ericsson that Ericsson plans to purchase 49% of ENC's shares held by the company and other ENC Chinese shareholders in consideration of specific cash purchases. The deal is subject to the necessary approvals and is subject to discussions between the parties on the detailed terms of the deal. The company expects to recover no less than about RMB 250 million.