HLS Systems International Participates in Bond Issuance

Friday January 11 8:05 AM

The bond is guaranteed by Beijing Zhongguancun Sci-tech Guaranty Company Limited (government funded entity) and co-guaranteed by the China Development Bank. HollySys is one of the four selected enterprises to participate in this highly exclusive bond issuance, the other issuers including Digital China, BDStar Navigation and Grikin Advanced Materials. The Company intends to use the proceeds from the bond offering to improve the production capacity for both its integrated industrial automation system (HOLLiAS systems) and programmable logic controllers (LK series), enhance R&D efforts in the digitalized railway signal and control systems, and further develop its 1,000MW Nuclear Power Plant digital instrumentation and control systems.

Dr. Wang Changli, HLS' Chief Executive Officer, stated, "One of HLS' greatest strengths in its relations with government entities in the PRC, and HollySys' selection to participate in this bond issuance is a reflection of the confidence these officials have in our ability to succeed in future years."

About HLS Systems

HLS has become one of the leading automation systems providers in the PRC, developing a number of core technologies and completing numerous projects utilizing a wide array of automation products. The Company specializes in the research, development, production, sale and distribution of industrial automation and control systems, competing effectively with both domestic Chinese companies and large, multinational participants in the industrial, rail and nuclear power sectors.

Contact:

HLS Systems International, Ltd.
Dr. Wang Changli, (8610) 5898 1332
or
Investor Relations Counsel:
The Equity Group Inc.
Adam Prior, 212-836-9606
aprior@equityny.com

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