The company intends to spend $60 million to enter the LED Internet financial sector

Honglitronic May 4th evening announcement, the company plans to $10 million (about 62 million 85 thousand yuan) to set up a wholly-owned subsidiary of Hongkong Hongli Investment Co. Ltd. in Hongkong (hereinafter referred to as Hongkong Hongli), at the same time, Hongkong Hongli to $10 million in the British Virgin Islands to set up a wholly owned subsidiary of HONGLITRONIC Corporation (hereinafter referred to as "BVI company"), and by BVI for $10 million to Wang Finance company Li Corporation (hereinafter referred to as "Cayman Amiri") after the completion of the capital increase, the net profit for the Cayman BVI Hongli equity ratio of 10%.

The company said, foreign investment for the purpose of the company as a domestic leader in the white LED package, has set up the brand image in the LED industry, through the capital to the Cayman Netcom Company will enter the field of Internet, finance, and take the lead in the Cayman Amiri and protocol control net technology in the LED industry and to carry out strategic cooperation in financial services LED industry. Strive to become the industry leader in financial services LED. At the same time, LED industry of small and medium-sized enterprises can be more efficient to get financing support, greatly ease the tension of funds, is conducive to the development of the LED industry, but also help the company expand faster LED service, improve the comprehensive competitiveness of the company. Gradually establish the company's main business + LED + Internet + Internet banking ecosystem.

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