Two subsidiaries, lighting and semiconductor devices, etc.

Yesterday (14), Qian Zhao (hereinafter referred to as "the company") issued a bulletin, based on the company's strategic planning and business development needs, the company invested in Xiamen city of Fujian province and Nanchang city of Jiangxi province to establish a wholly owned subsidiary of Xiamen Zhen Yufeng science and Technology Co., Ltd. (hereinafter referred to as "Zhen Yufeng science and technology") and "Jiangxi lighting Lighting Co., Ltd." (hereinafter referred to as "Jiangxi lighting").

According to the announcement, Zhen Yufeng's registered capital is 30 million yuan, the main business scope includes: Engineering and technology research and experimental development; optoelectronic devices and other electronic devices manufacturing; integrated circuit manufacturing; semiconductor discrete device manufacturing; electronic components and components manufacturing; lighting lamps manufacturing; electric light source manufacturing; lamp use; Manufacture of electrical accessories and other lighting equipment; manufacturing of photovoltaic equipment and components; information technology advisory services; other electronic products retail; other unlisted information technology services (excluding approved projects); specialized design services; other unlisted professional technical services (without permission for approval) Technical intermediary services; other services that are not listed in the promotion and application of science and technology.

The registered capital of Jiangxi lighting is 30 million yuan, which mainly covers the production and sale of lighting appliances and semiconductor lighting devices; hardware products, electrical equipment, machinery equipment, electronic products, integrated circuit wholesale; the import and export trade of various kinds of goods and technologies (state limited companies operate or prohibit import and export). Except for commodity and technology, electrical installation, building decoration engineering, information system integration service, computer information technology consulting service, lighting information technology consulting service, lighting technology research and experimental development, and one-stop contract energy management comprehensive service.

The two subsidiaries have completed industrial and commercial registration. The establishment of a wholly funded subsidiary is to promote the implementation of the company's strategy, actively promote the company's extended business in the main business area, and further realize the maximization of the interests of the company and the shareholders. In addition, this investment will not have a significant impact on the company's financial and management results in the short term. In the long run, it will be beneficial to the realization of the company's strategic objectives. The new wholly owned subsidiary will be included in the scope of the consolidated financial statements of the company, and its operation will have a certain impact on the future financial situation of the company.

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