Wright abandoned the termination of planning major events involved in education industry

Today morning, snow Wright (hereinafter referred to as "the company") announcement, the company after careful consideration, decided to terminate the planning major events.

Data show that the company plans to buy assets, the underlying assets belonging to the Department of education industry, the independent third party, there is no relationship with the company. As of the date of the announcement, the company and transaction related parties on the major issues in-depth discussion and communication, in consideration of the target company operating conditions and the company's acquisition costs, investment risk and other factors under the condition of the company and the counterparty failed to deal the contents of this major matters agree in order to protect the interests of all shareholders and the company listed company, after careful research, the company decided to terminate the planning of this major matters.

Snow Wright said the company plans to terminate this major matter will not affect the production and operation of the company and shareholders, will not affect the company's long-term development. Future Ltd will continue to seek extensive development opportunities, to operate the "light technology application" + "key auto parts" new energy driven development of two major business segments, enhance the company's future competitiveness and profitability.

Thus, the future will focus on the Wright company's two main business, especially the new energy automotive components business. From the previously disclosed 2017 annual report and 2018 first quarter results notice, in addition to the LED lighting business revenue contribution, the new energy automotive related business also achieved substantial growth. Wright said that the future will be effective to promote "key auto parts" new energy business sector.

In addition, the company in March 20th issued on the city of Shenzhen BestServe Automation Technology Co. Ltd. capital of RMB 30 million yuan announcement, one of the purposes is to consolidate the company's strategic layout in the new energy automotive components business.

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