Audio (600651) May 26th evening announcement, a wholly owned subsidiary of Shanghai Ya Ming Lighting Co. Ltd. and the United Arab Emirates Ya Ming FZCO company signed a "exclusive agency agreement", authorized Ya Ming FZCO in the Middle East (not including Saudi Arabia and Bahrain), Africa (except Morocco and South Africa) and the CIS region as the sole agent in the form of sales and Shanghai Ya Ming green lighting products promotion.
The company said that the company will Shanghai Ya Ming Middle East Green lighting products sales to the exclusive agent by Ya Ming FZCO, if Ya Ming FZCO can quickly open the market and achieve sales volume, will be conducive to the green lighting products in the Middle East (not including Saudi Arabia and Bahrain), Africa (except Morocco and South Africa) and CIS area, enhance the company's competitive advantage, improve the economic benefits of the company. According to preliminary estimates, FZCO's sales were $30 million.
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