To increase the layout of the marine lighting industry, Foshan Lighting acquires Hule Electric

In order to actively respond to the national maritime power strategy and promote state-owned capital and state-owned enterprises to become stronger, better and bigger, Foshan Lighting has accelerated the layout of the marine lighting industry. In the middle of this year, its wholly-owned subsidiary Fozhao (Hainan) Technology Co., Ltd. ("Hainan Technology Company") was the acquisition subject and completed the acquisition of 66% of the equity of the ship lighting company Zhejiang Hule Electrical Equipment Manufacturing Co., Ltd. ("Hule Electric"), and recently completed the industrial and commercial change registration at the Jiaxing Market Supervision and Administration Bureau of Zhejiang Province.

Hule Electric Jiaxing Production Base Hule Electric is a military supporting enterprise specializing in the research and development, manufacturing, sales and service of marine lighting fixtures and related supporting electrical equipment. It has national high-tech enterprise qualifications and military product contracting related qualifications. Its products are widely used in various types of military and civilian ships, and its customers basically cover all medium and large shipbuilding enterprises across the country.

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In recent years, Foshan Lighting has seized new opportunities from the country's vigorous development of the marine economy. Focusing on the strategic layout of "stabilizing the basic market and solidifying new tracks", Foshan Lighting has focused on the marine lighting subdivision, and has achieved remarkable results in technological innovation and achievement transformation. Ship lighting is the most mature sub-industry in the field of marine lighting. As supporting equipment for the ship industry, marine lamps have relatively stable demand and a large market scale.

This acquisition is an important measure for Foshan Lighting to optimize its industrial layout. Through the equity acquisition of Hule Electric, it has obtained core technologies and product systems in the field of ship lighting, as well as qualifications related to classification societies and military product contracting, and has achieved rapid entry and expansion into ship lighting and other business fields.