Strengthen the strategic deployment of the company intends to set up a wholly owned subsidiary of 50 million

Changelight 17 announcement, the third session of the third meeting of the board of directors and the three session of the third meeting of the board of supervisors, the company intends to free trade zone in Xiamen with its own funds invested 50 million yuan to set up a wholly owned subsidiary of Xiamen qiantai Kunhua Supply Chain Management Co. Ltd. (tentative name, and ultimately to the industrial and commercial registration registered name.).

According to the announcement, the business scope of the company's supply chain management; trade agent; other trade brokers and agents; hardware products wholesale; other mechanical equipment and electronic products wholesale business; all kinds of goods and technology import and export (do not attach a catalog of import and export commodities), but the state limit or prohibit the goods and business the import and export of technology; integrated circuit design; software development; information system integration; information technology consulting services; data processing and storage services; digital content services; other not listed information technology services (excluding the approval of the project); other not listed wholesale (excluding the license approval business (project) to industrial and commercial registration of the business scope shall prevail).

Changelight said the company strategy based on the establishment of the FTA platform through a wholly-owned subsidiary, effective area resources and advantages, and expand business channels, enhance the sustainable development of power company, improve the company's revenue, maximize the interests of shareholders. After the completion of this investment, the wholly owned subsidiary will be included in the scope of the consolidated financial statements of the company, its operating conditions will have a certain impact on the company's future financial situation.

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