Siu Chi shares cooperation with Hengda Real estate, the business sector to promote the overall development

The day before, Siu Chi shares (hereinafter referred to as "the company") announced that the company and its subsidiaries Shenzhen zhaochi lighting Limited by Share Ltd (hereinafter referred to as "Siu Chi lighting") and quasi Evergrande Real Estate Group Ltd (hereinafter referred to as the "Hengda Real Estate") and its affiliates in the real estate projects, strategic business fields Jicai A strategic partnership.

According to the announcement, the company intends to cooperate with the Hengda Real Estate in the real estate project, strategic Jicai etc..

First, the real estate project cooperation. The company intends to choose Hengda Real Estate domestic high-quality real estate projects (hereinafter referred to as the "project"), the subject intends to use its own funds to the item company capital through equity investment in the form specified by the company or the company, has a single item company ownership does not exceed 50%, a number of projects with a total investment of RMB 20-40 yuan. In view of Hengda Real Estate in the field of real estate brand and rich management experience, the item company and the project site is still in charge of the daily management of Hengda Real estate. Second, in strategic business cooperation. In the process of cooperation, Hengda Real Estate and its affiliates will give priority to the procurement company Siu Chi lighting products, procurement scale will not be higher than the similar products of the total purchase of 50% (specific to the relevant agreement shall prevail). Third, intelligent products in-depth cooperation. The company intends to carry out in-depth cooperation with Hengda Real estate or its affiliates in the intelligent Home Furnishing, intelligent lighting, Internet TV etc.. Fourth, concrete cooperation. The company will specify the subject of the cooperation agreement with Hengda Real estate, and signed a specific agreement.

Siu Chi shares said that the foreign cooperation conducive to the overall development of the company smart TV, smart lighting, smart home networking and other business sectors, to further promote its "popular Internet TV", "Siu Chi lighting and building its own brand, and gradually expand the market influence, greatly enhance the company's core The competitiveness and economic efficiency, promote the sustained and healthy development of the company, in line with the company's long-term development strategy in the home entertainment ecosystem and LED whole industry chain, the interests of all shareholders.

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