NIVS IntelliMedia Technology Group, Inc., a U.S. public company, owns 100% of NIVS Holding Company Limited, which owns 100% of NIVS International (H.K.) Limited and 97.5% of NIVS (HZ) Audio & Video Tech Company Limited (�¢??NIVS PRC�¢??), our main operating company. Since its establishment in 1998, NIVS PRC has focused on the design, manufacture, sales and marketing of audio and video consumer products.