Snow Wright invested 7.5 million yuan to set up a joint venture subsidiary to expand sales channels

On November 9, Shellett (002076) issued a notice on the establishment of a joint venture company for foreign investment.

According to the announcement, in order to integrate superior marketing resources, broaden marketing channels and expand sales scale, Guangdong Snowlight Optoelectronics Technology Co., Ltd. signed a “Joint Venture Agreement” with Zhongshan Dingying Fenghua Investment Consulting Co., Ltd. on November 6, 2015. Xuelaite has established a joint venture with Zhongshan Dingying Fenghua Investment Consulting Co., Ltd. with its own funds to establish “Foshan Xuelaite Lighting Technology Co., Ltd.” (tentative name, specifically the name of the business name, hereinafter referred to as “new company”).

It is reported that Zhongshan Dingying Fenghua Investment Consulting Co., Ltd. covers business investment consulting; real estate investment; real estate development; biotechnology promotion services; sales: lighting, hardware, low-voltage electrical appliances, electronic products; LED research and development and application.

It is understood that Foshan Snowlight Lighting Technology Co., Ltd. registered capital of 30 million yuan, of which, Snow Wright invested 7.5 million yuan, holding 25% share, mainly engaged in LED lighting products and accessories, lighting appliances, electric light source equipment and accessories, Electronic components, intelligent control equipment, road lights, solar controllers, switchgear, LED display, emergency lighting products, intelligent fire protection products, Wujinjiaodian, instrumentation, electrical equipment, etc.

Snow Wright said that the company's current foreign investment will help the company to expand its sales channels, increase its market share, and expand its sales scale through resource integration.

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