The China Securities Regulatory Commission approved the listing of subsidiaries of Tongfang Co., Ltd.

Tongfang shares publicly announced that the China Securities Regulatory Commission has approved its subsidiary, Singapore Conowede Co., Ltd., to file an application for listing on the Hong Kong Stock Exchange, and said that its subsidiaries will submit relevant documents to the Hong Kong Stock Exchange in the near future.

Tongfang has laid out seven emerging industries, and the combination of industry and finance has become the company's key development strategy. In 2011, the company's Longjiang Water and Tongfang environment are expected to complete the listing process.

Tongfang LED production capacity will be released in the next two years, benefiting from government subsidies, and gross profit margin will also increase significantly.

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