Cogo Group, Inc. provides customized module design solutions for a diverse set of applications and end markets, serving as a gateway for its technology component suppliers to access electronics manufacturers in China. The Company's customized module design solutions allow its customers to take advantage of technology components from suppliers in reducing their time-to-market and lowering their overall costs. The Company's collaboration with its customers product development teams provides it with an understanding of their needs, enabling it to customize its suppliers technology components with module designs that meet its customers needs. On July 31, 2008, the Company acquired 70% of the outstanding shares of Long Rise Holdings Limited (Long Rise) and its subsidiary, which are engaged in the provision of design and distribution of mobile phone modules.