Beijing time on October 29, 2012, HORIZON's first overseas branches for the Hungarian national court approved the formal establishment, the company nameis: HORIZONSINO-HUNGARYCPAs (Korl á toltFelel ? SS é g ? T á RSAs á g, referred to as KFT).

　　The company's main business scope: accounting, auditing and management consulting business and other activities.

　　China Regal Group Hungarian branch establishment means that the horizon based on local, truth-seeking spirit, advancing with the practice, the pursuit of excellenceon the road to success, to practice the "bigger and stronger" and "going out"pioneering spirit, is also a branch set up overseas in the horizon. Congratulate HORIZON Hungarian branch was established, at the same time, I wish the horizoncontinuously enterprising, harmonious development become the domestic first-class, international leader in professional services group.