About 300 million yuan, overclocking three to invest in Jingmen to build LED environmental protection and energy saving smart city project.

Yesterday (6) evening, overclocking three issued a notice, in order to meet the needs of the rapid development of the company's business, through friendly consultation between the two sides, the company intends to sign the investment contract with the Jingmen Municipal People's Government of Hubei province (hereinafter referred to as the "Jingmen Municipal People's government") for the LED environmental protection and energy saving smart city project. Set up LED environmental protection and energy saving smart city project. The investment in the first phase of the project is estimated at RMB 300 million yuan.

According to the announcement, the main body of the investment project is to set up smart city industrial investment mother fund jointly invested by China Investment Advisory limited liability company (or its affiliate company) and Shenzhen overclocking three Polytron Technologies Inc. The item company is set up by the item company as the main body of the investment and construction of LED environmental protection and energy saving smart city project in Dugao District, Jingmen high tech Zone. The rights and obligations under this Agreement shall be borne and enjoyed by the item company, and the related matters related to the establishment of the parent fund and sub funds and item company shall be signed separately by the parties concerned.

Overclocking three indicates that the signing of this agreement is in line with the company's future strategic development plan. If the two sides cooperate in specific projects for the scope of this agreement, they will have a positive impact on the company's future performance. By cutting into the construction of smart lighting and smart city, and exploring business models that can be replicated in other regions, the company will promote the sales of LED lighting products and expand the main business of the company. It will also help to expand the chain of LED lighting business, enhance the competitiveness and influence of the industry, and realize the sustained and stable development of the company. The exhibition meets the needs of the company's strategic development and is conducive to the long-term development of the company.

For more LED related information, please click LED net or pay attention to WeChat public account (cnledw2013).