Hao Ning Da Instrument Termination of Acquisition of MetroNet and Metroware

Shenzhen Hao Ning Da Instrument Co., Ltd. Given the huge market demand and potential for development of smart meters in Australia, it established HND International in Hong Kong on February 26, 2011, based on the Australian instrument market, expanding into the high-end instrument market in the West. .

Shenzhen Hao Ning Da Instrument has news from some time ago. It wants to acquire MetroWare and MetroNet Australia through Hao Ningda International. MetroWare and MetroNet are principally engaged in research, development, manufacturing and sales of electronic instruments, meters and appliances. Since 2006, the company's agent in Australia has become Australia's representative supplier of complete AMI solutions.

Recently, regarding the acquisition project, the Board of Directors of Hao Ning Da Instrument has decided that in order to reduce the risk of external investment and safeguard the interests of the company and investors, it decided to terminate the acquisition of both MetroNet and Metroware. In the future, the company will develop overseas markets with its own brand “HND International”. Termination of the acquisition of MetroNet and Metroware will not affect the future development and operation of HND International.