Perception Digital transfers listing to Main Board of Stock Exchange of Hong Kong

The move seen to improve the company’s image and liquidity of shares that would improve its financial flexibility.

Perception Digital Holdings Limited (“Perception Digital”), a specialist in technological solutions for consumer electronics and technology commercialisation, announced that the Group’s application for the transfer of listing of all shares from the GEM (Growth Enterprise Market) to the Main Board of the Stock Exchange of Hong Kong has been approved in principle. Its shares are to start trading on the Main Board from 9:00 am, 3 June 2011 under the stock code of 1822.

Perception Digital is the largest company to have participated in the HKUST Entrepreneurship Program in terms of the number of employees and revenue, and is the first to attain listing status. Now the Group is reaping the harvest year of efforts in development, application and commercialization of consumer electronics, as several new consumer electronic products will be marketed one by one, adding momentum to the Group’s growth. Notably, the first order of Android mobile phones was shipped in April 2011, which is expected to become one of its main profit generators in 2011. In addition, Vulkano, its first home brand product which is a multimedia streaming box, was also launched this year. The goods were offered in the Hong Kong market starting this March, while the first shipment of the latest version of Vulkano to the US is expected to be in the second quarter in 2011, according to a Perception Digital report.

Dr Jack Lau, Chairman and CEO of Perception Digital, said, “We are pleased that in just one and a half year after listing on the GEM on Hong Kong Stock Exchange in late 2009, Perception Digital opens a new page by transferring our shares to the Main Board. The move should boost our image and liquidity of shares, thus benefiting our future growth and business development and improving our financial flexibility. Looking ahead, we continue to aim to maximise value to our shareholders“.