Additionally, we are pleased to welcome Temix's employees to FUQI International and believe the experience and quality of the company's management team will provide us with additional capabilities to accelerate our penetration of the growing retail jewelry market.
This announcement further strengthens our leadership position in the jewelry industry, and we will continue to look for opportunities to build our portfolio and expand
our market presence."
Additional information related to this transaction can be found in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on August 12, 2008.