Jiawei subsidiary for WAL-MART LED lighting products orders

Jiawei shares June 27th morning announcement, a wholly owned subsidiary company of Jiawei Technology (Hongkong) Co., Ltd. received confirmation from WAL-MART recently, both for the company new product line: LED lighting system of low-voltage outdoor landscape lighting and outdoor LED PV agreed a two-year contract, which agreed to the first order in 2016 seasons to the first quarter of 2017 during the shipment, the first order amount of not less than $13 million (RMB 86 million yuan).

Wal-Mart Store Inc is the world's largest retail chain, with turnover as the world's largest company. As of April 30, 2016, WAL-MART operates 11527 stores in the world's 28 countries, in the United States, WAL-MART has 4601 stores, is the largest retailer in the United states.

Notice that this is the first time the company launched a large-scale cooperation with the U.S. Wal-Mart Store Inc, but also the company's major business in the North American retail market progress. In view of both sides of this cooperation is the company's listing of the new product line based on the Wal-Mart Store Inc and the United States retail scale and market influence, the company expects the purchase contract will be expected to implement in the next two years for the company's performance have a positive impact, and will help the company PV lighting business in North America market long-term development.

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