Hunan Corun New Energy Co Ltd to Merge with Subisdiaries

Hunan Corun New Energy Co Ltd announced that it will merge with two wholly owned subisdiaries, a Changsha-based new material company, which is engaged in the production and sale of foam nickel products, batteries and related materials, and a Hunan-based electrical equipment company, which is engaged in the research, production and sale of mechanical and electrical equipment, electrical machinery equipment and electronic industry equipment, effective May 31, 2013. After the merger, the Company will survive and the two subsidiaries will be dissolved.