Affected by the poor performance of Hongkong Stock Market, the transfer from Hongkong Stock Exchange to Chinese Mainboard of NetDragon has been postponed. Yesterday, our resources confirmed that NetDragon had not filed the transfer application to HK Stock Exchange by far.

As revealed by the senior management of NetDragon, transfer to Chinese mainboard was the wish of NetDragon, but it depended on two conditions: first one was the performance and development of the company; the second one was market condition. The answer to the first condition is soon to be revealed, while the second one is not so satisfactory. The market condition getting worse, in addition, its sponsor Bear Stearn was purchased by JPMorgan Chase,NetDragon will publish its fourth quarter financial report on March 20th.