Signed a business agreement with LSG Rawlinson, invested more than 33 million set up a joint venture company

Our 21 announcement, the company and LIGHTING SCIENCE GROUP CORPORATION (hereinafter referred to as "LSG"), LSG MLS JV HOLDINGS company (a subsidiary of LSG, hereinafter referred to as "SPV") signed the "GLOBAL VALUE LIGHTING limited liability company operating agreement", the company will invest $4900000 (about 33 million 840 thousand yuan) and SPV GLOBAL VALUE LIGHTING jointly set up a limited liability company, the company's total investment of 49%, in addition, in this transaction, a preferred shares will get SPV.

According to the announcement, the LIGHTING SCIENCE GROUP CORPORATION is one of the main suppliers of American LED brand lighting products, including Home Depot, supermarket own brand sales channels, and engaged in LED as the sole source of advanced, environmental protection, sustainable and have the difference characteristics of lighting solutions for design and development and sales. In September 30, 2016, the total assets of LSG $34298423, total liabilities of $59502339, net assets of $-25203916, LSG in the three quarter of 2016 of $43452518 in revenue, net profit of $7036244.

Rawlinson said that through this investment, GLOBAL VALUE LIGHTING will be based on LSG in North America established a strong sales network and customer base, as well as LED company with global manufacturers cost advantage in the north and South America to carry out business activities. In addition, the foreign investment in line with the company's development strategy, through the signing of business agreement with LSG, SPV, to expand overseas sales channels, effectively, promote the development of the company's overseas business, improve the comprehensive competitiveness of the company, in line with the company's development plan.

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