NYSE, ATV - Acorn International
We commenced operations in 1998 through Beijing Acorn Trade Co., Ltd., or
Beijing Acorn, and in 2000, two other operating companies, Shanghai Acorn
Network Co., Ltd., or Shanghai Acorn, and Shanghai Acorn Trade and Development
Co., Ltd., or Shanghai Trade, were established and commenced business
operations. Prior to January 1, 2005, our business was operated through Beijing
Acorn, Shanghai Acorn and Shanghai Trade, including their subsidiaries. To
enable us to raise equity capital from investors outside of China, we
established a holding company structure by incorporating China DRTV Inc., or
China DRTV, in the British Virgin Islands on March 4, 2004. Commencing on
January 1, 2005, our business was conducted through China DRTV and its
subsidiaries and affiliated entities. ...
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