NIVS IntelliMedia Technology Group, Inc., a U.S. public company, owns 100% of NIVS Holding Company Limited, which owns 100% of NIVS International (H.K.) Limited and 97.5% of NIVS (HZ) Audio & Video Tech Company Limited (“NIVS PRC”), our main operating company. Since its establishment in 1998, NIVS PRC has focused on the design, manufacture, sales and marketing of audio and video consumer products. Our products include digital audio systems, televisions, digital video broadcasting (“DVB”) set-top boxes, DVD players, as well as peripheral and accessory products such as remote controls, headphone sets, and portable entertainment devices (MP3/MP4 players).