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Shanghai Belling Co., Ltd., was jointly established in 1988 by Shanghai Instrument Bureau and Shanghai Bell Co., Ltd. It is the first Sino-foreign joint venture in the IC industry of China. After the restructuring and listing in August 1998, it became the first listed company in China’s IC industry. In 2009, CEC (China Electronics Corporation) became the Company’s largest shareholder. CEC gratuitously transferred its 26.45% shares in Shanghai Belling Co., Ltd. to Huada Semiconductor Co., Ltd in July 2015. Huada Semiconductor then became the largest shareholder of Shanghai Belling and CEC remained to be the actual controller. Mr. Dong Haoran is the current chairman of Shanghai Belling.