China Electronics Corporation Holdings Company Limited is Hong Kong-based investment holding company. The Company, along with its subsidiaries, is engaged in design, research and development and sales of integrated circuits chips and the development of application system, used in identity card, social security card, telecommunications card and electronic payment card application. The Company鈥檚 subsidiaries include Sangfei CEC Electronics Rus LLC, which is engaged in sales of mobile handsets; Sang Fei, which is engaged in manufacturing and sale of mobile handsets and other portable electronic products; Sangfei CEC Elektronik Ticaret Anonim Sirketi, which is engaged in sale of mobile handsets. During the year ended December 31, 2009, the Company discontinued operation its three segments, including Philips mobile handsets, own branded and other mobile handsets, multi-media players. On September 09, 2009, the Company completed the acquisition of CEC Huada Electronic Design Co., Limited.