General Development of Business:

Greater China Corporation (f/k/a Brighton Information Systems Corporation) ("GCC" or the "Company") is a Delaware corporation formed in 1979. The Company has been primarily engaged in the business of selling and servicing integrated computer systems in Hong Kong and the People's Republic of China ("China"). The Company currently acts as a holding company with six (6) wholly-owned subsidiaries, Dataprep (Hong Kong) Ltd., a Hong Kong corporation ("Dataprep"), China Infonet, Ltd. (formerly known as Brighton Information Technology Corporation Ltd., a Hong Kong corporation ("Brighton-Hong Kong") and Shanghai Brighton Information Technology,...