The company has two subsidiary companies, including lighting and semiconductor components.

Yesterday (14), the company issued a notice, based on the company's strategic planning and business development needs, the company invested its own capital in Xiamen, Fujian and Nanchang, Jiangxi province to set up a wholly owned subsidiary "Xiamen Zhen Yu Feng Technology Co., Ltd." (hereinafter referred to as "Zhen Yu Feng technology"). "Jiangxi dry Lighting Co., Ltd." (hereinafter referred to as "Jiangxi lighting").

According to the announcement, Zhen Yu technology registered capital of 30 million yuan, the main business scope includes: Engineering and technology research and test development; optoelectronic devices and other electronic device manufacturing; integrated circuit manufacturing; semiconductor discrete device manufacturing; electronic components and components manufacturing; lighting and lighting manufacturing; electric light source manufacturing; lamp use. Electrical accessories and other lighting appliances manufacturing; photovoltaic equipment and components manufacturing; information technology advisory services; other electronic products retail; other unspecified information technology services (excluding licensed projects); specialized design services; other unspecified professional technical services (excluding licensing approval). Technology intermediary services; other technology promotion and application services industries are not listed.

The registered capital of Jiangxi lighting is 30 million yuan. Its main business scope includes lighting and semiconductor lighting production and sales; hardware products, electrical equipment, machinery and equipment, electronic products, integrated circuits wholesale, and import and export trade of all kinds of commodities and technologies. In addition to commodities and technology; electrical installation; building decoration engineering; information system integration services; computer information technology consulting services; lighting information technology advisory services; lighting technology research and experimental development; one-stop contract energy management integrated services.

Gan Zhao said that the two subsidiaries have completed the registration of industry and commerce. The establishment of a wholly owned subsidiary of the foreign investment is aimed at promoting the implementation of the company's strategy and actively promoting the company's related extension business in the main business area, and further realizing the maximization of the interests of the company and its shareholders. In addition, this investment will not have a significant impact on the company's financial and business results in the short run. In the long run, it will be conducive to the realization of the company's strategic objectives. The new wholly owned subsidiary will be incorporated into the consolidated financial statements of the company, and its operation will have some impact on the company's future financial position.

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