Shenzhen Coship Electronics Co., Ltd. announced that it will pay no dividend to the shareholders for the year ended December 31, 2008. The Company also announced that it will apply to Shenzhen Branch of Bank of China on a comprehensive credit line of RMB 300 million. The Company also announced that it will cancel a wholly owned Guangzhou-based electronic technology subsidiary, a Chengdu-based visual technology company and a Yangzhou-based network company.