Possible Acquisition of a Minority Stake in TPV Technology Limited by Conditional Third Party Allotment and Possible Conditional Joint Mandatory Cash Offer

ENPNewswire-1 February 2010-Possible Acquisition of a Minority Stake in TPV Technology Limited by Conditional Third Party Allotment and Possible Conditional Joint Mandatory Cash Offer(C)2010 ENPublishing - http://www.enpublishing.co.uk Release date- 29012010 - Mitsui & Co., Ltd. ('Mitsui') (Head Office: Chiyoda-ku, Tokyo, Japan; President and CEO: Masami Iijima), and TPV Technology Limited ('TPV') (Registered Office: Hamilton, Bermuda; Listed on The Stock Exchange of Hong Kong Limited ('HKSE') and Singapore Exchange Securities Trading Limited; Chairman and CEO: Jason Hsuan) entered into an agreement pursuant to which Mitsui agreed to subscribe for shares in TPV through a conditional Third Party Allotment (the 'TPA'). The TPA is conditional upon the completion of the block trade between an indirect wholly owned subsidiary of China Electronics Corporation ('CEC') (Head Office: Beijing, China; Chairman: Xiong Qunli) and an existing TPV shareholder (the 'Block Trade'). Upon completion of the TPA, Mitsui will hold 10% of TPV on a post-dilution basis.