China Crescent Enterprises,
Inc. (China Crescent), formerly NewMarket China, Inc., is a systems
company. As of December 31, 2009, the majority of the Company’s sales
been information technology products and services sold within mainland
China through its wholly owned foreign subsidiary, Clipper Technology,
Ltd. (CLPTEC) located in Shanghai, China, and its majority owned
Clipper Huali, Ltd. (Clipper Huali) located in Ningbo, China. The
is a majority owned subsidiary of NewMarket Technology, Inc.
In December 2009, it acquired 100% of Shenzhen Newbao Technology Co.,
(Newbao), a wireless equipment manufacturer located in Shenzhen, China.
Additionally, in December 2009, China Crescent acquired 100% of Dalian
Aoyuan Electronic Technology Services Co., Ltd. (DAETS), a systems
company, from Aoyuan Electronic Company, Ltd.
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