Dehao Runda increases its investment in LED lighting and invests in establishing a Huizhou joint venture

On October 17, Dehao Runda issued an announcement announcing that its subsidiary partnership, Wuhu Dehao Co-Creation Enterprise Management Partnership (Limited Partnership), planned to invest in the establishment of a joint venture company - Huizhou Dehao Optics Link Optoelectronics Technology Co., Ltd. (tentative name, final registration with the market supervision and management department), with a registered capital of RMB 30 million.

Wuhu Dehao Co-Creation will contribute 16 million yuan from its own funds, accounting for 53.33% of the joint venture's registered capital, and Huizhou Guanglian Century Optoelectronics Technology Co., Ltd. will contribute 14 million yuan, accounting for 46.67%.

The joint venture will mainly engage in LED lighting and related businesses, with products covering new energy vehicle lighting, smart home lighting, commercial lighting and special lighting, as well as electrical equipment and distribution switches. The company plans to operate through brands such as "ETI", adopt a sales model that combines online and offline, and equip R&D, production technology and sales personnel. Production arrangements will be based on market demand and product positioning, and product manufacturing will be completed by the company, subsidiaries and qualified enterprises.

Dehao Runda stated that this investment aims to further improve the company's resource integration and allocation efficiency, extend downstream of the existing LED packaging business, expand the company's long-term development space, and provide new power and profit sources for future growth.

According to data, Dehao Runda’s current main business includes small kitchen appliances, mainly smart coffee machines. Business and LED packaging business, its LED chip and LED display business have been shut down.