Univision Regulatory News (UVEL)

11 Feb 2008 07:00

UniVision Engineering Ltd11 February 2008 UniVision Engineering Ltd ("UniVision" or "the Group) Service Supplier Certification under CEPA UniVision, the AIM listed Hong Kong based designer and installer of digitalsurveillance and integrated security systems, is pleased to announce that, on 4February 2008, it was awarded the Certificate of Hong Kong Service Supplier(HKSS) for CEPA from the Department of Trade and Industry of the Hong KongGovernment. Under the Mainland and Hong Kong CEPA (Closer Economic PartnershipArrangement), a certified supplier is permitted to provide Engineering Servicesover a greater region of Mainland China (PRC). Access to the mainland forwholly-owned foreign enterprises was previously restricted. In order to operate in Mainland China companies must meet certain criteria, andinclusion in CEPA will provide UniVision with a relaxation of many of theserules. These include restrictions on equity shareholding, registered capital andturnover requirements, as well as fewer restrictions on the areas where asupplier may operate and the scope of the business that they can perform. Stephen Koo, Chairman of UniVision commented,"There is a huge amount of growthpotential for our services in Mainland China and as a certified supplier underCEPA, we will be able to maximise these opportunities.". -ends- For further information visit www.uvel.com or contact Univision Engineering Limited +852 2389 3256Stephen Koo, ChairmanChun Hung Wong, CEO HB Corporate +44 (0) 207 510 8600Jim McGeever/Rory Creedon Threadneedle Communications +44 (0) 207 936 9605Graham Herring/Josh Royston Notes to Editors: About UniVision Engineering UniVision was incorporated in Hong Kong in 1979 and is now established in HongKong, Macau and China. The Group designs, sources and sells its own brand-nameproducts and OEM products including, Microprocessor CCTV Control Systems, VideoDistribution Amplifiers, Fibre Optic Transmission Systems and Smart Card AccessSystems. UniVision currently offers hybrid security systems and has a portfolio ofcutting edge digital technology used by its blue chip client base and the HongKong Government. UniVision is included in the Hong Kong Government's list of"Approved Suppliers and Installation of Video Electronics Equipment". To date the Group has completed high profile projects for clients including HongKong International Airport, Tsing Ma Bridge Crossing, Mass Transit Railway,Shanghai Plaza 66 and Sydney CityRail Network selling its products through itsdistribution channels in China, Taiwan and other Asian countries. The Group listed on AIM, part of the London Stock Exchange, in December 2005. This information is provided by RNS The company news service from the London Stock Exchange