Expansion of auto lighting snow Wright investment 510 thousand joint venture company

March 14th morning, Guangdong xuelaite photoelectric Polytron Technologies Inc (hereinafter referred to as the "snow Wright") announced that, in order to further develop the car light vehicle used in the areas of the market, and gradually development, promotion of intelligent automobile electronic products, enhance market competitiveness, in order to achieve better economic benefits and investment return, after approval by the company chairman. With its own funds invested and natural Li Yanxia set up a joint venture in Foshan xuelaite automobile intelligent electronic Co. Ltd. (hereinafter referred to as the "company").

Notice that the new company registered capital of 1 million yuan, of which the company invested $510 thousand in currency, accounting for a new company's equity of $51%, Li Yanxia, a natural person to invest money in the currency of $490 thousand, accounting for 49% of the equity of the new company. In March 12, 2015, the company signed a joint venture agreement with the natural person Li Yanxia automotive intelligent electronic projects.

Snow Wright said, automotive lighting products in the domestic sales of the new company is mainly responsible for the company, will be with the company's existing automotive lighting business synergies, accelerate the strategic layout of the company car light vehicle used in field, and further enhance the brand strength and sales scale. At the same time, gradually develop and promote automotive intelligent electronic products, improve the profitability of the company.

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