First think line (00595), said Wavesquare has completed the development of LED 3 Watt lighting chip

The first line of thinking (00595) executive director Su Zhian said in an interview, the company recently with placement of LED chip maker Wavesquare holdings and research plan, research has now been completed 3 Watt LED chip, LED chip CREE and other than the United States leading leading products of low cost at least 20%, plans to enter the mainland lighting market in the future. He said that the current Wavesquare can produce 2 million pieces a month of 3 watts LED chip, he hopes next year will be able to upgrade to a monthly production capacity of 1000-1500 million, the future of the Chinese market is expected to account for sales of 1/3. Su Zhian said that after the completion of the recent fund-raising hopes to close to the largest shareholder of Wavesquare holdings, the company's founder of the team's shareholding level, but I believe the company will not be held by the current level of 21.32% rose to more than 30%. He said that after the completion of the recent fund-raising, the company has more than 100 million yuan in cash, no plans to re allotment, but the company will continue to identify suitable projects to enhance returns.