The competitive position of solid LED industry REFOND the subsidiary company

Ruifeng photoelectric 10 evening announcement, the company intends to set up a subsidiary with the natural person Li Yanpeng, Changzhou in Jiangsu,, holding subsidiaries registered capital of RMB 1 million yuan. The company subscribed 510 thousand yuan, cash contribution, accounting for 51% of the registered capital; Li Yanpeng subscribed capital 245 thousand yuan, cash contribution, accounting for 24.5% of the registered capital; Pan Hongmei subscribed capital 245 thousand yuan, cash contribution, accounting for 24.5% of the registered capital.

The company said the establishment of a subsidiary aims through the use of new business models and partnerships to expand the company in the Yangtze River Delta region to automotive electronics, general lighting products business, help to further strengthen the company's competitive position in the LED industry, the relationship to expand business and market through new business models and. It has important significance for improving the overall profitability of the company's future.