(Hereinafter referred to as "Company" or "Tai Long Lighting") issued a notice, the company on June 2, 2017 and Wang Xudong, Zhu Chunli signed the "Shi Yuan (Xiamen) Co., Ltd. (hereinafter referred to as" Lighting Technology Co., Ltd. ", to be jointly set up a joint venture company Shi Yuan (Xiamen) Lighting Technology Co., Ltd..
The registered capital of the joint venture is RMB 5 million. Wang Xudong contributed RMB1.55 million in monetary terms, accounting for 29% of the registered capital; Zhu Chunli invested RMB1 million in monetary form, accounting for 20% of the registered capital of the Company. The Company invested RMB1.5 million, accounting for 51% of the registered capital, The
According to the announcement, the joint venture company's main business scope includes LED photoelectric lighting product development, design, production and sales. Lighting technology expertise in the field of technical development, technical advice. Lighting complete sets of engineering design, installation, construction. Contract energy management, information system services, software development.
(Xiamen) Lighting Technology Co., Ltd. is mainly based on the overall strategic planning and development of its own business needs, to improve the core competitiveness of the dragon lighting and brand awareness. The investment by the company to own funds into the company's financial and operating conditions will not adversely affect the existence of damage to the interests of the company and all shareholders of the situation. The establishment of the joint venture company, the company's financial situation, operating results and the future development of a positive significance.