Cooperation between mega and Hengda Real estate to promote the overall development of the company's business sector

Recently, Zhao Chi shares (hereinafter referred to as "the company") issued a bulletin, the company and the control of the subsidiary company, Shenzhen City, Shenzhen Zhao Chi lighting (hereinafter referred to as "Zhao Chi lighting") to be with the Evergrande Real Estate Group Ltd (hereinafter referred to as "Hengda Real estate") and its related companies in the real estate items, strategic collection business and other fields Become a strategic partnership.

According to the announcement, the company intends to cooperate with Hengda Real Estate in real estate projects, strategic collection and so on.

First, real estate project cooperation. The company intends to choose the high quality real estate project in Hengda Real Estate (hereinafter referred to as "the project plot"). The company or the company designated by the company or the company will use its own funds to increase the capital through the form of equity investment in the form of equity investment, obtaining a single item company shares not more than 50%, and the total investment of several projects is RMB 20-40 billion yuan. In view of the rich brand and management experience of Hengda Real Estate in the real estate field, the daily operation and management of the item company and the project massif are still in charge of Hengda Real estate. Second, the strategic collection business cooperation. In the process of cooperation, Hengda Real Estate and its associated companies will give priority to the company to purchase a megabyte lighting product, which will not be more than 50% of the total purchase of its similar products. Third, intelligent products in depth cooperation. The company intends to cooperate with Hengda Real estate or its associated companies in smart home, intelligent lighting, Internet TV and so on. Fourth, specific cooperation. The company will specify the specific subject to agree on the above cooperation and Hengda Real estate, and sign a specific agreement.

The foreign cooperation is conducive to the overall development of the business sectors such as smart TV, intelligent lighting and smart home networking, and further promote the construction of its own brand, such as "wind line Internet TV", "mega lighting" and so on, gradually expanding the market influence of the products, and greatly improving the core of the company. Competitiveness and economic benefits to promote sustainable and healthy development of the company, in line with the company's long-term development strategy in the family entertainment ecology and the LED whole industry chain, in line with the interests of all shareholders.

For more information on LED, click on the LED network or pay attention to the WeChat public account (cnledw2013).