The company invested 72 million on the day the child million shares of the joint venture company

Shenzhen Wanrun Polytron Technologies Inc (hereinafter referred to as "the company") 14 on the morning of the announcement, a wholly owned subsidiary of Shenzhen days photoelectric Limited company (hereinafter referred to as the "Japanese optical") in order to further develop the domestic LED lighting products market, strengthen strategic cooperation with the Changchun rail passenger equipment limited liability company, the natural person Zhang Hai jointly set up a joint venture company Changchun allring optoelectronics Co. Ltd. (hereinafter referred to as the "joint venture", and ultimately to the administrative department for Industry and Commerce approved the registration shall prevail).

The joint venture's registered capital of 100 million yuan, the Japanese optical in cash 72 million yuan, accounting for 72% of the registered capital, Zhang Haiyi invested 28 million yuan in cash, accounting for 28% of the registered capital; registered capital paid in three years, the initial investment of 10 million yuan, of which: the Japanese optical invested 7 million 200 thousand yuan in cash Zhang Haiyi, invested 2 million 800 thousand yuan in cash, the remaining investment paid within three years. On the day photoelectric and Zhang Hai in October 13, 2015 in Shenzhen signed the "investment agreement".

According to the announcement, the establishment of the joint venture company, will play a major role in the field of LED lighting technology innovation, brand and scale advantages, accelerate the promotion of LED lighting technology, LED display application technology, LED Indicator Technology in the field of rail transportation. A wholly owned subsidiary of the company on the photoelectric and Zhang Hai in the Changchun city wide city jointly set up a joint venture company, is conducive to strengthening the strategic cooperation with Changchun rail passenger equipment limited liability company, improve the regional layout of the company to further develop the LED lighting industry, the domestic LED lighting products market, develop new profit growth point for the company, promotion profitability and competitiveness, promote the implementation of the company's overall development strategy.

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