Feile Audio (600651) announced that Shanghai Yaming Bulb Factory Co., Ltd., a wholly-owned subsidiary of the company, plans to establish Shanghai Yaming Solid State Lighting Co., Ltd. together with EVERLIGHT (BVI) CO.LTD (Yiguang Company).
Shanghai Yaming Solid State Lighting Co., Ltd. has a registered capital of 20 million yuan, of which Yaming Company invested 10 million yuan in cash, accounting for 50% of the shares. The investment has been approved by the Shanghai Municipal People's Government for the approval of foreign-invested enterprises, and is currently processing industrial and commercial business licenses.
According to the announcement, after the establishment of Shanghai Yaming Solid State Lighting Co., Ltd., it will produce and sell semiconductor lighting sources, lamps and their spare parts. It will help deepen the company's investment and research in the field of LED lighting, and greet the company's third-generation lighting source-LED lighting era reserve technology and the city's investment will not significantly increase the company's cost and expenses in the short term, nor will it be against the company. The business performance has a significant impact.
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