Yinzhou science and technology investment in the construction of LED chips and epitaxial wafer production project was approved

Ningbo Municipal Development and Reform Commission recently approved the Cayman Islands Tech Co. Ltd. (Cayman) (OPTO GRAND (CAYMAN) CO., LTD) Wangchun Industrial Park LED chip and wafer production project investment and construction in Yinzhou. The total investment of the project is $60 million, of which the construction investment is 35 million 510 thousand US dollars (including imports of equipment with the exchange of $11 million 971 thousand and 900, the total amount of domestic equipment procurement 40 million 26 thousand and 940 yuan). Project the registered capital of $35 million, by OPTO GRAND (CAYMAN) CO. opto Tech Co. Ltd. (Cayman) US dollars in cash to investors, the difference of total investment and registered capital by Ningbo Opto Semiconductor Technology Company Limited to China bank financing. After the completion of the formation of an annual output of 43 billion 200 million LED chips and a production capacity of 720 thousand square inches LED epitaxial wafer.