Chip Optoelectronics joins hands with Xinlide Optoelectronics to establish joint stock company

On July 1, Qipu Optoelectronics announced that the company and Shandong Xinlide Optoelectronics Technology Co., Ltd. jointly invested in the establishment of a joint-stock company, named Shandong Qipu Electronic Technology Co., Ltd., with a registered capital of RMB 5,000,000.00. Among them, the company invested RMB 1,000,000.00, accounting for 20.00% of the registered capital; Shandong Xinlide Optoelectronics Technology Co., Ltd. contributed RMB 4,000,000.00, accounting for 80.00% of the registered capital.

About Shandong Xinlide Optoelectronics Technology Co., Ltd.

Shandong Xinlide Optoelectronics Technology Co., Ltd.'s main business: R&D, production and sales: LED energy-saving optoelectronic products; computer network engineering installation and construction; computer information technology consulting services; computer information system integration; security monitoring engineering design and construction; software development, design, sales; venue rental; design and installation of stage lighting, audio and audio and video conference systems; installation and maintenance of LED energy-saving optoelectronic products. (Projects that require approval according to law can only carry out business activities after approval by relevant departments).

Shandong Qipu Electronic Technology Co., Ltd.

Business scope: technology development and sales of LED energy-saving products; installation, maintenance, and leasing of LED displays and LED light sources; design and construction of computer system engineering and security engineering; software development. (Projects that require approval according to law can only be carried out with approval from relevant departments).

Qi Puguang said: This investment in the company in Shandong is an important step in the implementation of the development strategy and will have positive significance for the company's future development. It will better develop the East China market and serve customers in East China, meet the current customer demand for display services in East China, and realize the company's business globalization strategy. This external investment will enhance the company's comprehensive competitiveness, help increase the company's market share and revenue in East China, and form new profit growth points, which is of great significance to the company's future development.