Shenzhen Meida Digital Co., Ltd. (hereinafter referred to as “Mada Digital”) announced that it will develop its own intellectual property rights and its own branded products based on strategic planning, focusing on the development of intelligent lighting market in the new retail sector in China. To enhance the enthusiasm and innovation of the core backbone team, the company's subsidiary Shenzhen Shiyida Technology Co., Ltd. (hereinafter referred to as “Shiyida Technology”) and Wuxi Shiyida Electronics Co., Ltd. (hereinafter referred to as “Wuxi Shiyida”) respectively The company has invested 6 million yuan and 10,000 yuan, and jointly invested with Yang Chunzhu, the head of the domestic market area, to establish a holding subsidiary, Jiangsu Shiyida Intelligent Optoelectronics Co., Ltd. (hereinafter referred to as “Jiangsu Shiyida”).

According to the announcement, the company and Shiyida Technology and Wuxi Shiyida held a total of 60.1% equity interest in Jiangsu Shiyida, of which Shiyida Technology holds 60% of the shares and Wuxi Shiyida holds 0.1% of the shares. Yang Chunzhu holds a 39.90% stake in Jiangsu Shiyida.

Jiangsu Shiyida's business scope: technology research and development of optoelectronic technology; optoelectronic devices, lighting equipment, metal signage, technical research and development, technical services, technology transfer, sales and installation of industrial automatic control system devices; lighting engineering, intelligent installation engineering Design, construction, maintenance; self-operated and agent import and export business of various commodities and technologies (except for goods and technologies that are restricted by the state or prohibited from importing or exporting).

Meida Digital said that in the company system of the company, the company has established a holding subsidiary, Shenzhen Yiming Optoelectronic Technology Co., Ltd. (hereinafter referred to as “Yiming Optoelectronics”). Yiming Optoelectronics mainly focuses on the international lighting market, develops, produces and sells intelligent lighting products according to the needs of customers in the international market, and explores the overseas market space for smart lighting.

This investment will establish Jiangsu Shiyida, which will focus on the intelligent lighting market in the new retail sector in China, and vigorously expand its own intellectual property rights and private label products market. This investment further improves the company's business layout in the field of intelligent lighting. . The establishment of Jiangsu Shiyida and Yiming Optoelectronics laid the foundation for the company to build an intelligent hardware business and has positive significance for the company's long-term development.

In addition, this cooperation model with the core backbone co-investment company is another landing of the company's exploration of talent mechanism innovation measures in 2016, which is conducive to mobilizing the enthusiasm of the core backbone and promoting the benign and healthy development of the lighting business sector.

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