Qingdao Eastern Sunrise Increases Annual Turnover of Around US$1 Million by Providing Honeycomb Packaging Services for LCD Panels

Sep 08, 2011, 09:00 ET from Uni Core Holdings Corporation

HONG KONG, Sept. 8, 2011 /PRNewswire-Asia/ -- Uni Core Holdings Corporation (OTC Bulletin Board: UCHC), an aggressive 'company doctor' and 'incubator' of mid- to large-size companies in China, announced that Qingdao Eastern Sunrise Paper Products Limited ("Qingdao Eastern Sunrise") of APT Paper Group ("APT") provides integrated honeycomb packaging products and services to Darwin Precisions Co. Ltd. ("Darwin Precisions"). It is anticipated that such products and services will bring a turnover of RMB6 million (approx. US$1 million) per annum to Qingdao Eastern Sunrise. With the increasing production capacity of Darwin Precisions's LCD panels, the honeycomb packaging products to be provided to Darwin Precisions by Qingdao Eastern Sunrise shall grow exponentially.

Mr. Wen Wei Ji, Chief Executive Officer of APT Paper Group, said: "With the high added value of LCD panels and its small size, the packaging quality is highly demanding. Qingdao Eastern Sunrise's extensive experience in honeycomb packaging technology not only can provide honeycomb packaging services to customers such as Haier for products as big as a washing machine, but can also provide packaging services to customers such as Darwin Precisions for delicate and sophisticated products such as LCD panels and electronic chips."

Darwin Precisions, main production base of AU Optronics Corporation ("AUO") located in Qingdao Economic Development Zone, Jiaozhou, is adjacent to Qingdao Eastern Sunrise. The production capacity of AUO is more than 19% of the global capacity, being ranked the top three globally, and is the largest LCD panel design, development, manufacturing and sales company in Taiwan. AUO's large-size TFT-LCD panel has around 20% market share in the global market, which is ranking second in the world.

Safe Harbor Statement

This press release contains forward-looking statements that involve risks, uncertainties and assumptions that, if they never materialize or if they prove incorrect, could cause the Company's results to differ materially from those expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including any projections of earnings, revenue, or other financial items, any statements of the plans, strategies, and objectives of management for future operations, any statements concerning proposed new products, services or developments, any statements regarding future economic conditions or performance, statements of belief and any statements of assumptions underlying any of the foregoing. These statements are based on expectations as of the date of this press release. Actual results may differ materially from those projected because of a number of risks and uncertainties, including those detailed from time to time in the Company's reports filed with the Securities and Exchange Commission. The Company assumes no obligations and does not intend to update these forward-looking statements.

For more information, please contact:

Mr. Zhou Caiyi

Tel: +852-2827-6898

Fax: +852-2827-6989

Email: ir@unicoreholdings.com

Web: http://www.unicoreholdings.com

SOURCE Uni Core Holdings Corporation



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