China Crescent Enterprises, Inc., formerly NewMarket China, Inc., primarily operating in The People’s Republic of China, is engaged in the sale of information technology (IT) products and services sold within mainland China, through its wholly owned foreign subsidiary, Clipper Technology, Ltd. (CLPTEC). CLPTEC is one of its subsidiaries, and it is a Wholly Owned Foreign Entity (W.O.F.E.). CLPTEC’s corporate charter in China allows it to provide consulting, development, implementation, and maintenance of technology systems, which include both software and hardware peripherals for computing, communication, and data exchanges related to general business applications, as well as the specialty fields of medical, security, military and homeland defense applications.