Xingyu shares and Matsushita reached LED automotive lighting development strategic cooperation

Xingyu shares May 9th evening announcement said the company in May 9th with the Panasonic electrical (Chinese) Company Limited (hereinafter referred to as "Panasonic Chinese") in Changzhou signed a "strategic cooperation agreement, both sides hope to establish long-term strategic partnership, give full play to their respective advantages of products and services, to promote their development in the field of automotive electronics, automotive lighting LED products and services.

According to reports, the car is China Matsushita electronic components factory Matsushita and other automotive electronic products distributors, suppliers, Xingyu shares lamp components. According to the agreement, the two sides agreed to in the following areas is committed to building a comprehensive and in-depth strategic cooperation: LED driven development and promotion of technology promotion and application technology; sensor; promotion and application of cooling technology; technology promotion and application of a vehicle electronic components.

Xingyu shares said that the signing of the agreement in accordance with the company's strategic development needs over the next five years. The two sides reached a strategic cooperation in the field of electronics LED automotive lighting, sensors and other vehicles, will help expand the company's new business and a new profit growth point, to promote the integration of both the advantages of resources, promote the company's product research and development work, the company's products to the intelligent direction of development goals. However, the implementation of the strategic cooperation agreement signed by the company will not have a significant impact on the total assets, net assets and net profit and other performance indicators for the year 2016.

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