Overclock three links: to build intelligent lighting projects / set up subsidiaries / write off branches

Yesterday (12) evening, the number of announcements of overclocking three links was announced, of which three were related to the construction of modern intelligent lighting industrial chain project, the establishment of a Hongkong subsidiary and the cancellation of the military field branch.

Invest 300 million yuan to build modern intelligent lighting industry chain project

According to the announcement of the overclocking three, the company signed a "contract for investment in Yiyang hi tech Zone" with the Management Committee of the Yiyang high tech Industrial Development Zone (hereinafter referred to as the "Yiyang high tech Zone Management Committee").

According to the announcement, the company and the joint China Investment Advisory Co., Ltd. (or its associated companies) jointly set up the smart city industrial investment mother fund, which is jointly established by the parent fund and the local distributor customers in Yiyang. The new item company (hereinafter referred to as "item company") is operated, produced, researched and sold by item company. Sale and other business. The item company should belong to the electronic information industry, which is in line with the development direction of the leading industry in Yiyang high tech Zone. It also promises that the amount of annual tax payable in the first three years from the date of commissioning will reach the corresponding agreed amount, and item company will be the main body to lease the standardization workshop of the Eastern Industrial Park of Yiyang high tech Zone, and build a modern intelligent lighting industrial chain project. The total investment amount is about 300 million yuan.

Overclocking three indicates that after signing the investment contract of Yiyang high tech Zone with the Yiyang high tech Zone Management Committee, the two sides will actively promote the implementation of the project, so as to speed up the construction of intelligent lighting and smart city in Yiyang and its surrounding cities with the help of the government's policy support and resource integration. It has laid a good foundation for developing the regional market in Yiyang, and is conducive to further expanding the strategic layout of the company, enhancing the company's continuous profitability and promoting the overall development of the company.

HK $5 million investment to establish wholly owned subsidiary in Hongkong

On the same day, overclocking three announced that it intends to invest in the Hongkong Special Administrative Region with its own currency funds to set up a wholly owned subsidiary, overclocking three (Hongkong) limited liability company, with a registered capital of HK $5 million. The Hongkong subsidiary is engaged in the sales, new products and technology import and export business of new radiating devices for electronic products. Technical support and services, foreign investment business.

Overclocking three indicates that the establishment of a Hongkong subsidiary is a strategic and practical business requirement for the company. Hongkong is an international financial center and Trade Center. The establishment of a wholly owned subsidiary in Hongkong can make full use of Hongkong's advantages in geographical location, resources, talents, finance and industrial policies, so as to facilitate the timely acquisition of the latest information from the international market, and promote overseas investment and overseas cooperation, and the future of the company. Development plays a positive role.

Optimizing the organizational structure and canceling the military field subsidiary company

In addition, overclocking three also announced that the company held the twelfth session of the second board of directors in November 12, 2018, and deliberated the adoption of the motion on the cancellation of the military field branch, and agreed to cancel the branch "Shenzhen overclocking three Polytron Technologies Inc military field branch" (hereinafter referred to as "the army field branch").

Statistics show that the business scope of the military field branch includes domestic trade (exclusive of monopoly, monopoly and specialized control), and import and export business (except for laws, administrative regulations and items decided by the State Council to prohibit, and restricted items must be licensed before being allowed to operate). Research and development, development and production of LED lamps and their radiator components, computer radiator, automobile radiator and its components, frequency converter radiator, medical equipment radiator and other industrial radiator, heat conduction heat sink material, radiator heat pipe, cooling module module, computer hardware and software and accessories, CNC equipment, testing and testing equipment Technology Development and production.

The company said that the cancellation of the military field branch is based on the overall strategic planning, which helps the company optimize its organizational structure and improve its management efficiency, thereby enhancing the overall business efficiency of the company. The cancellation will not have a greater impact on the overall business development and profitability of the company. It will be in line with the company's future strategic development plan and meet the interests of all shareholders and companies.

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