The Board of Directors of Radiant Opto-Electronics Corporation approved to establish subsidiary in Vietnam and acquire the land use rights and construct plant building on rented land by the subsidiary. Name and nature of the underlying assets (if preferred shares, the terms and conditions of issuance shall also be indicated, e.g., dividend yield, etc.): Establish Radiant Opto-Electronics (Nghe An Vietnam) Co. Ltd. (Tentative name).

Amount, unit price, and total monetary amount of the transaction: Planned investment amount: USD 60,000,000 (the land use rights shall not exceed USD 10,000,000). In order to the time effect, it is planned to authorized the chairman to have full authority to handle matters related to the establishment of the Vietnamese subsidiary. Before the establishment of the Vietnamese subsidiary completed, the chairman will have full authority to handle the matters related to land use rights (including but not limit to appraisal of land use rights, signing of documents related to the land use rights in the name of company on behalf of subsidiary, and paying the land use rights fee in advance by the company, etc.).