Riyadh to guarantee a wholly owned subsidiary of Shenzhen JINDA lighting

Riyadh on October 25, 2016 announcement that, in view of the company's wholly-owned subsidiary of Shenzhen JINDA Lighting Co., Ltd. (hereinafter referred to as "JINDA lighting") in order to meet the daily operations required for loans. In October 24, 2016, the company held the second meeting of the forty-second board of directors approved "on the provision of security is a wholly owned subsidiary of Shenzhen JINDA Lighting Co. Ltd." motion, agreed to a wholly owned subsidiary of JINDA lighting China Co truction Bank Corp Shenzhen branch of the application period to 80 million yuan to provide guarantee for 1 years of comprehensive credit line. It is understood that the liard JINDA lighting holds a 99% stake, a wholly owned subsidiary of Shenzhen leyard optoelectronic Co., Ltd. holds a 1% stake. The scope of business includes JINDA lighting planning and design of city lighting, lighting engineering consulting; building (hotel), indoor and outdoor gardens, squares, roads, bridges, light environment planning and design, installation and maintenance; professional lighting and intelligent control system design, installation and maintenance; the green lighting products, research and development, LED products and control sales system; contract energy management; lighting products, lighting, intelligent control equipment, electrical products and building materials sales; operating import and export business (laws and administrative regulations, the State Council decided to ban the project except limited project shall obtain permission to operate); industrial projects (specific items to be declared separately) and the city; road lighting engineering contractor Class (construction enterprise qualification certificate is valid until January 5, 2021); a special lighting engineering design.