Hangzhou CNCR-IT Co.,Ltd. is principally engaged in the design of information access solutions, as well as the research, development, production and sale of related equipment. The Company primarily provides main account access systems, including all-optical all-business integrated access systems, Ethernet over synchronous digital hierarchy (EOP), fiber optical multiplex (FOM), optical modems, protocol converters, fiber optical transceivers and voice data integrated multiplex equipment; broadcasting broad band access systems, including Ethernet over Coax (EoC) local sites and terminals, as well as computer room equipment management systems. On August 27, 2013, it announced that it has completed the establishment of the Hong Kong-based wholly owned subsidiary named HOPE DEVELOPMENT(HONGKONG)LIMITED. On October 24, 2013, it completed the acquisition of a 60% stake in Shanghai Rousan Electronics Co Ltd, a manufacturer of electronic products.